Herc Holdings Q3 revenue slightly beats on improved fleet efficiency
HRI•Herc Holdings reported Q3 revenue of $1.36 billion and adjusted EPS of $3.91, beating analyst expectations. The equipment rental company raised its 2026 revenue and adjusted EBITDA guidance.
1. Quarterly results and outlook
Q3 revenue rose 5% to $1.36 billion, slightly above the $1.35 billion analyst consensus, while adjusted EPS of $3.91 topped the $2.90 consensus. Herc Holdings raised its 2026 equipment rental revenue outlook to $4.475 billion-$4.55 billion and adjusted EBITDA guidance to $2.10 billion-$2.15 billion; it now expects net rental equipment capital expenditures of $1.0 billion-$1.1 billion.
2. Growth drivers
The company attributed higher equipment rental revenue to improved fleet efficiency, disciplined deployment, pricing gains and specialty mix. It said robust mega-project volume, double-digit growth in specialty solutions, H&E acquisition revenue synergies, specialty branch ramp-up and cross-selling contributed to Q3 growth.
