HERC HOLDINGS INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
HRI$167.18+10.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Equipment rental | $3,189 | $2,870 | $2,552 |
| Sales of rental equipment | 311 | 346 | 125 |
| Sales of new equipment, parts and supplies | 37 | 38 | 36 |
| Service and other revenue | 31 | 28 | 27 |
| Total revenues | 3,568 | 3,282 | 2,740 |
| Expenses: | |||
| Direct operating | 1,291 | 1,139 | 1,029 |
| Depreciation of rental equipment | 679 | 643 | 536 |
| Cost of sales of rental equipment | 224 | 252 | 89 |
| Cost of sales of new equipment, parts and supplies | 24 | 25 | 21 |
| Selling, general and administrative | 480 | 448 | 411 |
| Non-rental depreciation and amortization | 127 | 112 | 95 |
| Interest expense, net | 260 | 224 | 122 |
| Loss on assets held for sale | 194 | — | — |
| Other expense (income), net | (2) | (8) | 3 |
| Total expenses | 3,277 | 2,835 | 2,306 |
| Income before income taxes | 291 | 447 | 434 |
| Income tax provision | (80) | (100) | (104) |
| Net income | $211 | $347 | $330 |
| Weighted average shares outstanding: | |||
| Basic | 28.4 | 28.5 | 29.6 |
| Diluted | 28.5 | 28.7 | 30.2 |
| Earnings per share: | |||
| Basic | $7.43 | $12.18 | $11.15 |
| Diluted | $7.40 | $12.09 | $10.92 |
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