Herc earnings exceeded analyst estimates in the third quarter of 2026, with non-GAAP earnings per share of $3.91 and revenue of $1.36 billion. The North American equipment rental company announced the results on October 27.

Key Takeaways

  • Revenue increased 4.6% from a year earlier and exceeded estimates by $10 million.
  • Adjusted EBITDA rose 9% to a record $603 million, with margin improvement of 190 basis points.

Herc earnings beat estimates

Non-GAAP earnings per share were $0.99 above analyst estimates. Revenue also exceeded expectations, alongside its year-over-year increase.

Adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization with additional adjustments, grew faster than revenue. The 190-basis-point improvement in the adjusted EBITDA margin indicates that adjusted EBITDA represented a larger share of revenue than a year earlier.

Adjusted EBITDA and non-GAAP earnings per share are supplemental measures; they are not the same as reported net income or cash flow.

Equipment rental business

Herc operates in the United States and Canada, renting equipment including aerial work platforms, earthmoving machinery, trucks and trailers. Its customers include construction, industrial, commercial and government users.

The company was formed in 2016 as a spin-off from Hertz Global Holdings. Its fleet has grown through acquisitions including H&E Equipment Services.

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