Herc Holdings revenue rises 5% to record $1.36 billion

Herc Holdings (NYSE:HRI) reported record third-quarter 2026 revenue of $1.364 billion, up 5% year over year, as equipment rental demand lifted earnings and margins.

Equipment rental revenue increased 12% to $1.254 billion, while total revenue exceeded the $1.304 billion reported in the third quarter of 2025.

Net income rose to $104 million, or $3.10 per diluted share, from $30 million, or $0.90 per share, while adjusted net income increased to $131 million and adjusted EBITDA reached a record $603 million, up 9%.

Herc raised its full-year 2026 revenue, adjusted EBITDA and capital expenditure guidance for the second time this year, citing demand from large projects.

Dollar utilization increased to 43.5% from 39.9% a year earlier, while the adjusted EBITDA margin expanded to 44.2% from 42.3%, partly reflecting higher rental revenue and improved operating leverage.

Herc provides equipment rental and related services to construction, industrial and infrastructure customers, with management identifying data centers, manufacturing facilities, energy projects and infrastructure as areas of growing demand.