Herc Holdings Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 11:33 am
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Herc Holdings Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 526.8 million compared to USD 400.4 million a year ago. Revenue was USD 567.3 million compared to USD 453.8 million a year ago. Net income was USD 58.5 million compared to USD 32.9 million a year ago. Basic earnings per share from continuing operations was USD 1.96 compared to USD 1.12 a year ago. Diluted earnings per share from continuing operations was USD 1.92 compared to USD 1.09 a year ago.
Herc Holdings Inc. is an equipment rental supplier. The Company offers a portfolio of equipment for rent. In addition to its principal business of equipment rental, the Company sells used equipment and contractor supplies such as construction consumables, tools, small equipment and safety supplies; provides repair, maintenance, equipment management services and safety training to certain of its customers; offers equipment re-rental services and provides on-site support to its customers, and provides ancillary services such as equipment transport, rental protection, cleaning, refueling and labor. Its fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. Its ProContractor business focuses on professional-grade tools and equipment, and offers industry-specific solutions-based services, which include power generation, climate control, remediation and restoration, pumps, trench shoring, studio and production equipment.