Herc Holdings Reports Q3 Earnings: Key Highlights

Herc Holdings Inc. (NYSE:HRI) released its third-quarter financial results on Tuesday, reporting adjusted earnings per share of $4.35, missing analyst estimates of $4.48, according to Benzinga Pro. Despite the earnings miss, the company reported revenues of $965 million, surpassing the forecasted $931.31 million.

Q3 Highlights:

Total revenues for the quarter increased 6% on a year-over-year basis.

Equipment rental revenue hit a quarterly record of $866 million, up 13%.

Adjusted EBITDA for the quarter rose 9% to $446 million, on margin of 46.2%.

Net income was $122 million, an 8% increase from ...