Herc Holdings reports Q4 EPS $3.27, consensus $3.56

Reports Q4 revenue $786.0M, consensus $773.27M. "From beginning to end, 2022 was an exceptionally strong year for us, with record performance across key financial metrics," said CEO Larry Silber. "Operating momentum and market share growth continued in every region driven by robust demand, improved pricing, strategic fleet investments, end market diversity, and greater branch-network efficiencies. Through the hard work of the last several years, we are better positioned than ever to capitalize on a variety of growth avenues, including local market penetration, increased rentals of higher-margin specialty equipment, and trends relating to the multi-year fiscal stimulus and re-shoring mega projects. As a market leader with a strong reputation, broad-based capabilities and service solutions, in 2023 we expect to continue to outpace industry expansion and capitalize on operating leverage while laying a foundation for long-term, profitable growth. The impressive progress we’re making is a direct result of the dedication and relentless execution of the entire Herc team."