Herc Holdings IncHRI
▲ PositiveCapitalrelevance
Herc Holdings surged 45% as Q1 results far exceeded expectations, with adjusted EPS of $0.21 well ahead of consensus and affirmed full-year guidance.
Impact on assets 1
Industrials
Herc Holdings IncHerc Holdings Inc. was the largest contributor to the Gabelli Focused Growth and Income Fund in the second quarter of 2026, surging approximately 45% as the market re-rated the shares following first quarter results that far exceeded expectations. The Fund, which declined 1.61% in the quarter, held Herc Holdings at 2.5% of net assets as of June 30, 2026. Equipment rental revenue rose 33% to $981 million, adjusted EBITDA increased 33% to $448 million, and adjusted earnings of $0.21 per diluted share came in well ahead of consensus estimates. Management affirmed full year 2026 guidance of $4.275–$4.4 billion in equipment rental revenue and $2.0–$2.1 billion in adjusted EBITDA, supported by strong national account activity and a growing mega-project pipeline. Herc pays a quarterly dividend of $0.70 per share, or $2.80 annualized.
Herc Holdings IncHerc Holdings surged 45% as Q1 results far exceeded expectations, with adjusted EPS of $0.21 well ahead of consensus and affirmed full-year guidance.