Herc Holdings swings to Q2 profit of USD 19 million; revenue rises 20% to USD 1.2 billion
HRI•First-half loss narrows as revenue grows
For the first half, net loss narrowed to USD 5 million from USD 53 million, while revenue increased 26% to USD 2.34 billion.
Management highlights H&E integration progress
Management said it completed the H&E integration, focusing on capturing operational synergies amid elevated rates and economic uncertainty.
Interest expense rises on new debt for H&E acquisition
Interest expense, net climbed 47% to USD 126 million, reflecting new debt issued to fund the H&E acquisition.
Herc Holdings posts higher quarterly profit and revenue
Herc Holdings posted Q2 net income of USD 19 million, swinging from a net loss of USD 35 million a year earlier; diluted EPS was USD 0.57.
Revenue rose 20% to USD 1.2 billion, driven by equipment rental revenue up 23% to .
