Overview
1965Founded1
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Equipment Rental, Excluding Other Rental brought in 69% of the revenue Herc Holdings Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Equipment Rental, Excluding Other Rental | $2.6B | $2.9B | $3.4B |
| Sales of Revenue Earning Equipment | $346.0M | $311.0M | $509.0M |
| Equipment Rental | $188.0M | $213.0M | $256.0M |
| Other Rental, Delivery And Pick-up | $188.0M | $213.0M | $256.0M |
| Other Rental Revenue | $188.0M | $213.0M | $256.0M |
| Other Rental, Miscellaneous | $105.0M | $114.0M | $142.0M |
| Sales Of Parts And Supplies | $24.0M | $25.0M | $37.0M |
| Service and Other Revenue | $28.0M | $31.0M | $34.0M |
| Sales Of New Equipment | $14.0M | $12.0M | $26.0M |
Regions
United States brought in 94% of the revenue Herc Holdings Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $3.0B | $3.3B | $4.1B |
| Outside the United States | $263.0M | $254.0M | $246.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin65¢$564.0M
- Other costs34¢$297.0M
- Profit0¢$1.0M
Out of $862.0M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending14¢$157.0M
- Dividends paid8¢$87.0M
- Kept or used elsewhere78¢$841.0M
Out of $1.1B of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $4.4B | $3.6B | $3.3B |
| Direct operating | $1.6B | $1.3B | $1.1B |
| Depreciation of rental equipment | $856.0M | $679.0M | $643.0M |
| Cost of sales of rental equipment | $418.0M | $224.0M | $252.0M |
| Cost of sales of new equipment, parts and supplies | $42.0M | $24.0M | $25.0M |
| Selling, general and administrative | $564.0M | $469.0M | $440.0M |
| Transaction expenses | $199.0M | $11.0M | $8.0M |
| Non-rental depreciation and amortization | $224.0M | $127.0M | $112.0M |
| Interest expense, net | $416.0M | $260.0M | $224.0M |
| Loss on assets held for sale | $48.0M | $194.0M | $0 |
| Other expense (income), net | $6.0M | -$2.0M | -$8.0M |
| Total expenses | $4.4B | $3.3B | $2.8B |
| Income before income taxes | $1.0M | $291.0M | $447.0M |
| Income tax provision | $0 | -$80.0M | -$100.0M |
| Net income | $1.0M | $211.0M | $347.0M |
| Basic (in shares) | 31.3M shares | 28.4M shares | 28.5M shares |
| Diluted (in shares) | 31.4M shares | 28.5M shares | 28.7M shares |
| Basic (in USD per share) | $0.03 | $7.43 | $12.18 |
| Diluted (in USD per share) | $0.03 | $7.40 | $12.09 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $52.0M | $83.0M | ||
| Receivables, net of allowances of $31 and $22, respectively | $769.0M | $589.0M | ||
| Prepaid expenses | $72.0M | $47.0M | ||
| Other current assets | $63.0M | $40.0M | ||
| Assets held for sale | $0 | $17.0M | ||
| Total current assets | $956.0M | $776.0M | ||
| Rental equipment, net | $5.9B | $4.2B | ||
| Property and equipment, net | $868.0M | $554.0M | ||
| Right-of-use lease assets | $1.5B | $852.0M | ||
| Intangible assets, net | $1.7B | $572.0M | ||
| Goodwill | $2.9B | $670.0M | $483.0M | |
| Other long-term assets | $45.0M | $8.0M | ||
| Assets held for sale | $0 | $220.0M | ||
| Total assets | $13.8B | $7.9B | ||
| Current maturities of long-term debt and financing obligations | $32.0M | $21.0M | ||
| Current maturities of operating lease liabilities | $56.0M | $39.0M | ||
| Accounts payable | $337.0M | $248.0M | ||
| Accrued liabilities | $305.0M | $239.0M | ||
| Liabilities held for sale | $0 | $15.0M | ||
| Total current liabilities | $730.0M | $562.0M | ||
| Long-term debt, net | $8.0B | $4.1B | ||
| Financing obligations, net | $95.0M | $101.0M | ||
| Operating lease liabilities | $1.5B | $842.0M | ||
| Deferred tax liabilities | $1.4B | $800.0M | ||
| Other long-term liabilities | $57.0M | $47.0M | ||
| Liabilities held for sale | $0 | $60.0M | ||
| Total liabilities | $11.8B | $6.5B | ||
| Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value, 133.3 shares authorized, 38.2 and 33.3 shares issued and 33.3 and 28.4 shares outstanding | $0 | $0 | ||
| Additional paid-in capital | $2.4B | $1.8B | ||
| Retained earnings | $547.0M | $633.0M | ||
| Accumulated other comprehensive loss | -$120.0M | -$142.0M | ||
| Treasury stock, at cost, 4.9 shares and 4.9 shares | -$927.0M | -$927.0M | ||
| Total equity | $1.9B | $1.4B | $1.3B | $1.1B |
| Total liabilities and equity | $13.8B | $7.9B | ||
| Receivables, allowance for doubtful accounts | $31.0M | $22.0M | ||
| Preferred stock, par value (in USD per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 13.3M shares | 13.3M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in USD per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 133.3M shares | 133.3M shares | ||
| Common stock, shares issued (in shares) | 38.2M shares | 33.3M shares | ||
| Common stock, shares outstanding (in shares) | 33.3M shares | 28.4M shares | ||
| Treasury stock, shares (in shares) | 4.9M shares | 4.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $52.0M | $83.0M | ||
| Receivables, net of allowances of $31 and $22, respectively | $769.0M | $589.0M | ||
| Prepaid expenses | $72.0M | $47.0M | ||
| Other current assets | $63.0M | $40.0M | ||
| Assets held for sale | $0 | $17.0M | ||
| Total current assets | $956.0M | $776.0M | ||
| Rental equipment, net | $5.9B | $4.2B | ||
| Property and equipment, net | $868.0M | $554.0M | ||
| Right-of-use lease assets | $1.5B | $852.0M | ||
| Intangible assets, net | $1.7B | $572.0M | ||
| Goodwill | $2.9B | $670.0M | $483.0M | |
| Other long-term assets | $45.0M | $8.0M | ||
| Assets held for sale | $0 | $220.0M | ||
| Total assets | $13.8B | $7.9B | ||
| Current maturities of long-term debt and financing obligations | $32.0M | $21.0M | ||
| Current maturities of operating lease liabilities | $56.0M | $39.0M | ||
| Accounts payable | $337.0M | $248.0M | ||
| Accrued liabilities | $305.0M | $239.0M | ||
| Liabilities held for sale | $0 | $15.0M | ||
| Total current liabilities | $730.0M | $562.0M | ||
| Long-term debt, net | $8.0B | $4.1B | ||
| Financing obligations, net | $95.0M | $101.0M | ||
| Operating lease liabilities | $1.5B | $842.0M | ||
| Deferred tax liabilities | $1.4B | $800.0M | ||
| Other long-term liabilities | $57.0M | $47.0M | ||
| Liabilities held for sale | $0 | $60.0M | ||
| Total liabilities | $11.8B | $6.5B | ||
| Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value, 133.3 shares authorized, 38.2 and 33.3 shares issued and 33.3 and 28.4 shares outstanding | $0 | $0 | ||
| Additional paid-in capital | $2.4B | $1.8B | ||
| Retained earnings | $547.0M | $633.0M | ||
| Accumulated other comprehensive loss | -$120.0M | -$142.0M | ||
| Treasury stock, at cost, 4.9 shares and 4.9 shares | -$927.0M | -$927.0M | ||
| Total equity | $1.9B | $1.4B | $1.3B | $1.1B |
| Total liabilities and equity | $13.8B | $7.9B | ||
| Receivables, allowance for doubtful accounts | $31.0M | $22.0M | ||
| Preferred stock, par value (in USD per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 13.3M shares | 13.3M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in USD per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 133.3M shares | 133.3M shares | ||
| Common stock, shares issued (in shares) | 38.2M shares | 33.3M shares | ||
| Common stock, shares outstanding (in shares) | 33.3M shares | 28.4M shares | ||
| Treasury stock, shares (in shares) | 4.9M shares | 4.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $1.0M | $211.0M | $347.0M |
| Depreciation of rental equipment | $856.0M | $679.0M | $643.0M |
| Depreciation of property and equipment | $109.0M | $82.0M | $71.0M |
| Amortization of intangible assets | $115.0M | $45.0M | $41.0M |
| Amortization of deferred debt and financing obligations costs | $8.0M | $5.0M | $4.0M |
| Loss on extinguishment of debt | $2.0M | $0 | $0 |
| Stock-based compensation charges | $34.0M | $17.0M | $18.0M |
| Impairment | $6.0M | $0 | $0 |
| Provision for receivables allowance | $88.0M | $70.0M | $65.0M |
| Loss on assets held for sale | $48.0M | $194.0M | $0 |
| Deferred taxes | -$9.0M | $59.0M | $89.0M |
| Gain on sale of rental equipment | -$91.0M | -$87.0M | -$94.0M |
| Other | $15.0M | $12.0M | $1.0M |
| Receivables | -$46.0M | -$62.0M | -$98.0M |
| Other assets | -$1.0M | -$26.0M | -$22.0M |
| Accounts payable | $36.0M | $2.0M | $7.0M |
| Accrued liabilities and other long-term liabilities | -$86.0M | $24.0M | $14.0M |
| Net cash provided by operating activities | $1.1B | $1.2B | $1.1B |
| Rental equipment expenditures | -$1.1B | -$1.0B | -$1.3B |
| Proceeds from disposal of rental equipment | $448.0M | $288.0M | $325.0M |
| Non-rental capital expenditures | -$157.0M | -$161.0M | -$156.0M |
| Proceeds from disposal of property and equipment | $20.0M | $10.0M | $15.0M |
| Acquisitions, net of cash acquired | -$4.3B | -$600.0M | -$430.0M |
| Proceeds from disposal of business, net | $99.0M | $0 | $0 |
| Other investing activities | $0 | $0 | -$15.0M |
| Net cash used in investing activities | -$4.9B | -$1.5B | -$1.6B |
| Proceeds from issuance of long-term debt | $4.7B | $800.0M | $0 |
| Repayments of long-term debt | -$1.2B | $0 | $0 |
| Proceeds from revolving lines of credit and securitization | $4.6B | $2.0B | $2.1B |
| Repayments on revolving lines of credit and securitization | -$4.1B | -$2.4B | -$1.4B |
| Principal payments under finance lease and financing obligations | -$22.0M | -$19.0M | -$16.0M |
| Payment of debt financing costs | -$16.0M | -$9.0M | -$1.0M |
| Dividends paid | -$87.0M | -$77.0M | -$73.0M |
| Net settlement on vesting of equity awards | -$8.0M | -$12.0M | -$25.0M |
| Proceeds from employee stock purchase plan | $6.0M | $5.0M | $4.0M |
| Proceeds from exercise of stock options | $0 | $2.0M | $3.0M |
| Repurchase of common stock | $0 | $0 | -$120.0M |
| Net cash provided by financing activities | $3.8B | $299.0M | $512.0M |
| Effect of foreign exchange rate changes on cash and cash equivalents | $1.0M | -$1.0M | $0 |
| Net change in cash and cash equivalents during the period | -$31.0M | $12.0M | $17.0M |
| Cash paid for interest | $419.0M | $258.0M | $221.0M |
| Cash paid for income taxes, net | $24.0M | $12.0M | $30.0M |
| Purchases of rental equipment in accounts payable | $19.0M | $30.0M | $0 |
| Non-rental capital expenditures in accounts payable | $5.0M | $2.0M | $0 |
| Disposals of rental equipment in accounts receivable | $24.0M | $6.0M | $0 |
| Issuance of common stock for H&E acquisition | $584.0M | $0 | $0 |
| Equipment acquired through finance lease | $21.0M | $17.0M | $24.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Herc Holdings Inc. sits at the top of its group. 26 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Herc Holdings Inc.
- BlackRock Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Oct 5, 2026 (8 filings since Feb 7, 2022)
- Coliseum Capital Management, LLC Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Aug 17, 2026 (4 filings since Jun 5, 2025)
- Invesco Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Jul 7, 2026 (6 filings since Feb 12, 2024)
- FMR LLC Filed SCHEDULE 13G/A on Herc Holdings Inc., latest May 6, 2026 (4 filings since Aug 6, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Herc Holdings Inc., latest Apr 30, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- Capital World Investors Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Nov 13, 2025 (2 filings since May 13, 2025)
- NORGES BANK Filed SCHEDULE 13G/A on Herc Holdings Inc., latest Oct 29, 2025 (2 filings since Apr 14, 2025)
- GAMCO Investors Filed SCHEDULE 13D/A on Herc Holdings Inc., latest Jun 4, 2025 (5 filings since Nov 24, 2021)
- AllianceBernstein Filed SC 13G/A on Herc Holdings Inc., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- Carl C. Et Al Icahn Filed SC 13D/A on Herc Holdings Inc., latest Mar 13, 2023 (8 filings since Nov 17, 2021)
- ALGER ASSOCIATES INC Filed SC 13G/A on Herc Holdings Inc., latest Nov 10, 2022 (2 filings since Feb 14, 2022)
- Herc Holdings Inc. Bonita Springs
- Black and Gold Insurance Ltd. Subsidiary · Bermuda
- Great Northern Equipment, Inc. Subsidiary · Montana, United States
- H&E California Holding, Inc. Subsidiary · California, United States
- H&E Equipment Services (Midwest), Inc. Subsidiary · Indiana, United States
- Herc Build, LLC Subsidiary · Delaware, United States
- Herc CARE LLC Subsidiary · Delaware, United States
- Herc Entertainment Services LLC Subsidiary · Delaware, United States
- Herc FSC LLC Subsidiary · Delaware, United States
- Herc Intermediate Holdings, LLC Subsidiary · Delaware, United States
- Herc Investors, LLC Subsidiary · Delaware, United States
- Herc Management Holdings LLC Subsidiary · Delaware, United States
- Herc Management Services LLC Subsidiary · Delaware, United States
- Herc Purchasing LLC Subsidiary · Delaware, United States
- Herc Receivables U.S. LLC Subsidiary · Delaware, United States
- Herc Rentals 1, LLC Subsidiary · Delaware, United States
- Herc Rentals 2, LLC Subsidiary · Delaware, United States
- Herc Rentals Employee Services LLC Subsidiary · Delaware, United States
- Herc Rentals Holdings, LLC Subsidiary · Delaware, United States
- Herc Rentals Inc. Subsidiary · Delaware, United States
- Herc Rentals Trucking (Alberta) Limited Subsidiary · Alberta, Canada
- Herc Sales Force A LLC Subsidiary · Delaware, United States
- Herc Sales Force B LLC Subsidiary · Delaware, United States
- Herc Sales Holdings LLC Subsidiary · Delaware, United States
- Herc Trench Materials LLC Subsidiary · Delaware, United States
- Matthews Equipment Limited Subsidiary · Ontario, Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Herc Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $868.0M5 Dec 31, 2025 | $554.0M5 Dec 31, 2024 | +56.7% |
| Finance-lease assets | $77.0M5 Dec 31, 2025 | $74.0M5 Dec 31, 2024 | +4.1% |
| Operating-lease assets (leased space) | $1.5B5 Dec 31, 2025 | $852.0M5 Dec 31, 2024 | +74.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $52.0M5 Dec 31, 2025 | $83.0M5 Dec 31, 2024 | −37.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $2.9B5 Dec 31, 2025 | $670.0M5 Dec 31, 2024 | +328.8% |
| Intangible assets, net (excluding goodwill) | $1.7B5 Dec 31, 2025 | $572.0M5 Dec 31, 2024 | +191.1% |
| Finite-lived intangibles, gross | $1.6B5 Dec 31, 2025 | $421.0M5 Dec 31, 2024 | +285.7% |
| Accumulated amortization | $230.0M5 Dec 31, 2025 | $120.0M5 Dec 31, 2024 | +91.7% |
| Finite-lived intangibles, net | $1.4B5 Dec 31, 2025 | $301.0M5 Dec 31, 2024 | +363.1% |
Properties, in its own words
As of February 13, 2026, we had 604 locations in the United States and Canada. We also operate regional headquarters, sales offices and service facilities in the foregoing countries in support of our equipment rental operations. Our principal executive offices are located in Bonita Springs, Florida.
As of December 31, 2025, we owned approximately 6% of the locations from which we operate our equipment rental business, with the remainder leased. Those leases are typically triple net leases, where Herc is responsible for the ongoing expenses of the property, including real estate taxes, insurance, and maintenance, in addition to paying rent and utilities.
The rest of Item 2
Our rental locations generally are located in industrial or commercial zones. A growing number of locations have highway or major thoroughfare visibility. The typical location includes a customer reception area, an equipment service area and storage facilities for equipment. Most branches have stand-alone maintenance and fueling facilities and showrooms.
Item 2 of the 10-K filed Feb 17, 2026.13
Leadership
Who has led Herc Holdings Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
197019801990200020102020
- Chief executive officerLawrence Harris Silber Aug 22, 2016 to now14
- Chief executive officerBrian P. Macdonald Jun 4, 2014 to Feb 19, 201515
- Chief executive officerJohn P. Tague Nov 24, 2014 to May 17, 201616
- Chief executive officerGary Rappeport Sep 9, 2011 to Mar 9, 201217
- Chief executive officerMark P. Frissora Nov 15, 2006 to Mar 27, 201418
- ChairMark P. Frissora Nov 16, 2010 to Mar 4, 201419
- ChairCraig R. Koch Nov 15, 2006 to Nov 15, 200620
- PresidentAaron Birnbaum Feb 10, 2026 to now21
- PresidentLawrence Harris Silber May 29, 2015 to Feb 10, 202622
- PresidentJohn P. Tague Nov 24, 2014 to May 17, 201616
- PresidentMichel Taride Apr 17, 2013 to Mar 7, 201623
- PresidentScott P. Sider Apr 30, 2013 to Mar 27, 201424
- PresidentLois Irene Boyd May 15, 2013 to May 15, 201425
- Chief financial officerMark Humphrey Mar 15, 2023 to now26
- Chief financial officerMark Irion Jun 26, 2018 to Feb 28, 202327
- Chief financial officerBarbara L. Brasier Jul 8, 2016 to Mar 5, 201828
- Chief financial officerDavid J. Rosenberg Oct 7, 2013 to Nov 7, 201329
- Chief financial officerElyse Douglas Nov 6, 2007 to Jan 3, 201430
- Chief financial officerPaul J. Siracusa Nov 15, 2006 to Nov 20, 200631
- Chief operating officerAaron Birnbaum Jan 8, 2020 to now32
- Chief operating officerJames Bruce Dressel Jul 8, 2016 to Aug 20, 201933
Board members and other officers (85)
- VP & Chief Accounting OfficerMark Humphrey Apr 21, 2017 to Feb 28, 202334
- SVP&Chief Information OfficerTamir Peres Sep 21, 2017 to now35
- EVP, U.S. RAC OperationsAlexandria Panot Marren May 26, 2016 to Jun 3, 201636
- EVP and CHROEliana Zem May 26, 2016 to May 26, 201637
- SVP & Chief HR OfficerChristian J. Cunningham Jul 8, 2016 to now38
- VP & Chief Accounting OfficerNancy Merola Jul 8, 2016 to Mar 15, 201739
- SVP&Chief Information OfficerRichard F. Marani Jul 8, 2016 to Mar 20, 201740
- Sr Ex VP Chief Revenue OfficerJeffrey T. Foland Feb 3, 2015 to May 17, 201641
- Exec VP and CIOTyler Best Feb 3, 2015 to Jun 3, 201642
- Sr Ex VP, Chief Admin and GCThomas J. Sabatino Jr. Feb 10, 2015 to Mar 7, 201643
- SVPDavid J. Rosenberg Feb 21, 2014 to Feb 21, 201444
- Sr VP, ChiefAccountingOfficerRobin Kramer May 27, 2014 to May 18, 201645
- Sr VP, Global Strat & Corp DevNaren B. Srinivasan Aug 19, 2013 to Apr 2, 201546
- EVP & CIODavid Trimm Nov 7, 2013 to Mar 27, 201447
- Vice PresidentTodd Poste Dec 9, 2010 to Mar 9, 201248
- Executive Vice PresidentScott P. Sider Dec 15, 2009 to Mar 8, 201349
- Sr VP, Finance and ControllerJatindar Kapur Apr 14, 2008 to Mar 27, 201450
- Senior Vice PresidentRichard D. Broome May 22, 2008 to Apr 2, 201551
- Sr VP, Chief Mktg OfficerMichael P. Senackerib Aug 18, 2008 to Mar 8, 201152
- Global TreasurerScott Massengill Aug 25, 2008 to Mar 9, 201253
- Senior Vice PresidentLeighanne G. Baker Apr 19, 2007 to Mar 27, 201454
- Executive Vice PresidentJohn A. Thomas Sep 27, 2007 to Nov 16, 201055
- Senior Vice PresidentLois Irene Boyd Nov 27, 2007 to Mar 27, 201456
- Sr. VP, GC and SecretaryJ. Jeffrey Zimmerman Dec 10, 2007 to Mar 27, 201457
- Senior V.P., Global SalesRobert J. Stuart Dec 26, 2007 to Apr 2, 201558
- Executive VP, Mktg.& SalesBrian J. Kennedy Nov 15, 2006 to Nov 15, 200659
- Senior V.P.,QA & Admin.Charles L. Shafer Nov 15, 2006 to Nov 15, 200660
- Senior VP, Tech & e-BusinessClaude B. Burgess Iii. Nov 15, 2006 to Nov 15, 200661
- TreasurerElyse Douglas Nov 15, 2006 to Nov 20, 200662
- Executive V.P. & Pres.of HERCGerald A. Plescia Nov 15, 2006 to Nov 16, 201063
- Sr. VP, GC and SecretaryHarold E. Rolfe Nov 15, 2006 to Nov 6, 200764
- Sr. VP, Employee RelationsIrwin Pollack Nov 15, 2006 to Nov 20, 200665
- Executive Vice PresidentJoseph R. Nothwang Nov 15, 2006 to Nov 17, 200966
- E.V.P. & Pres of Hert EuropeMichel Taride Nov 15, 2006 to Feb 19, 201567
- ControllerRichard J. Foti Nov 15, 2006 to Jun 5, 200768
- Board memberJohn A. Olin Jan 5, 2026 to now69
- Board memberPatrick S. Shannon Jan 5, 2026 to now70
- Board memberErik Olsson Aug 20, 2026 to now71
- Board memberJohn Engquist Jun 3, 2025 to now72
- Board memberLorin Crenshaw May 20, 2024 to May 20, 202473
- Board memberHunter Clark Gary May 16, 2022 to May 16, 202274
- Board memberAndrew Teno Feb 23, 2021 to May 16, 202275
- Board memberRakesh Sachdev Dec 3, 2021 to now76
- Board memberAndrew Langham May 18, 2020 to May 17, 202177
- Board memberShari L. Burgess Dec 7, 2020 to now78
- Board memberJonathan Frates Aug 19, 2019 to May 17, 202179
- Board memberNick Graziano May 18, 2018 to Nov 17, 202080
- Board memberJacob M. Katz Aug 22, 2017 to May 17, 202181
- Board memberJean K. Holley Aug 22, 2017 to now82
- Board memberDavid A. Barnes May 20, 2016 to May 20, 201683
- Board memberCourtney Mather Jul 8, 2016 to Aug 19, 201984
- Board memberHerbert L. Henkel Jul 8, 2016 to May 18, 202085
- Board memberJames H. Browning Jul 8, 2016 to now86
- Board memberLouis Pastor Jul 8, 2016 to May 20, 201987
- Board memberMary P. Salomone Jul 8, 2016 to May 17, 202188
- Board memberPatrick D. Campbell Jul 8, 2016 to now89
- Board memberStephen A. Mongillo Jul 8, 2016 to May 22, 201790
- Board memberLawrence Harris Silber Aug 22, 2016 to now14
- Board memberHenry Keizer Oct 16, 2015 to May 20, 201691
- Board memberSamuel J. Merksamer Sep 23, 2014 to May 20, 201692
- Board memberVincent J. Intrieri Sep 23, 2014 to May 20, 201693
- Board memberJohn P. Tague Nov 24, 2014 to May 17, 201616
- Board memberCarolyn Everson May 22, 2013 to May 20, 201694
- Board memberEnnis Debra J. Kelly May 22, 2013 to Aug 18, 201595
- Board memberPhilippe Laffont Nov 7, 2013 to Aug 18, 201496
- Board memberLinda Fayne Levinson Mar 13, 2012 to May 20, 201697
- Board memberMichael Koehler Mar 13, 2012 to Dec 1, 201598
- Board memberAngel L. Morales Apr 16, 2010 to Apr 16, 201099
- Board memberJ. Travis Hain Apr 23, 2009 to Apr 23, 2009100
- Board memberDavid H. Wasserman Nov 15, 2006 to Nov 15, 2006101
- Board memberGeorge A. Bitar Nov 15, 2006 to Nov 15, 2006102
- Board memberGeorge W. Tamke Nov 15, 2006 to May 15, 2014103
- Board memberGregory S. Ledford Nov 15, 2006 to May 31, 2011104
- Board memberMark P. Frissora Nov 15, 2006 to Mar 27, 201418
- Board memberNathan K. Sleeper Nov 15, 2006 to Nov 15, 2006105
- Board memberRobert F. End Nov 15, 2006 to May 31, 2011106
- Board memberWilliam E. Conway, Jr. Nov 15, 2006 to Jan 4, 2007107
- Board memberBarry H. Beracha Nov 22, 2006 to May 15, 2014108
- Board memberHenry C. Wolf Nov 22, 2006 to May 15, 2014109
- Board memberMichael J. Durham Nov 22, 2006 to May 20, 2016110
- Board memberCarl T. Berquist Nov 27, 2006 to May 20, 2016111
- Board memberBrian A. Bernasek Dec 28, 2006 to Aug 19, 2013112
- General counselSamuel Wade Sheek Nov 20, 2019 to now113
- General counselRichard J. Frecker May 26, 2016 to Jun 3, 2016114
- General counselMaryann Waryjas Jul 8, 2016 to Aug 20, 2019115
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Black and Gold Insurance Ltd. Bermuda4
- Great Northern Equipment, Inc. Montana4
- H&E California Holding, Inc. California4
- H&E Equipment Services (Midwest), Inc. Indiana4
- Herc Build, LLC Delaware4
- Herc CARE LLC Delaware4
- Herc Entertainment Services LLC Delaware4
- Herc FSC LLC Delaware4
- Herc Intermediate Holdings, LLC Delaware4
- Herc Investors, LLC Delaware4
- Herc Management Holdings LLC Delaware4
- Herc Management Services LLC Delaware4
- Herc Purchasing LLC Delaware4
- Herc Receivables U.S. LLC Delaware4
- Herc Rentals 1, LLC Delaware4
- Herc Rentals 2, LLC Delaware4
- Herc Rentals Employee Services LLC Delaware4
- Herc Rentals Holdings, LLC Delaware4
- Herc Rentals Inc. Delaware4
- Herc Rentals Trucking (Alberta) Limited Alberta, Canada4
- Herc Sales Force A LLC Delaware4
- Herc Sales Force B LLC Delaware4
- Herc Sales Holdings LLC Delaware4
- Herc Trench Materials LLC Delaware4
All 25 listed subsidiaries
- Matthews Equipment Limited Ontario, Canada4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- HERTZ GLOBAL HOLDINGS INCMay 17, 2006 to Jun 27, 20163
Timeline
- Sep 3, 20268-K Entered a material agreement116
- Aug 19, 20268-K Executive or director change117
- Jul 28, 20268-K Results of operations118
- May 20, 20268-K Shareholder vote119
- Apr 28, 20268-K Results of operations120
- Feb 17, 20268-K Results of operations121
- Jan 30, 20268-K Executive or director change122
- Dec 16, 20258-K Entered a material agreement; Ended a material agreement; New debt or obligation123
- Dec 3, 20258-K Other events124
- Dec 2, 20258-K Other events125
- Dec 1, 20258-K Other events126
- Nov 24, 20258-K Executive or director change127
- Aug 22, 2016New chief executive Lawrence Harris Silber becomes CEO14
- Jul 1, 2016Went public Listed on NYSE1
- Nov 24, 2014New chief executive John P. Tague becomes CEO16
- Jun 4, 2014New chief executive Brian P. Macdonald becomes CEO15
- Sep 9, 2011New chief executive Gary Rappeport becomes CEO17
- Nov 15, 2006New chief executive Mark P. Frissora becomes CEO18
- 1965Founded Founded1
Calendar
Coming up
- Oct 27, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $2.22 a share, on Oct 28, 2025.128
When it reported results
- Jul 28, 2026Reported quarterly or annual results118
- Apr 28, 2026Reported quarterly or annual results120
- Feb 17, 2026Reported quarterly or annual results121
- Oct 28, 2025Reported quarterly or annual results129
- Jul 29, 2025Reported quarterly or annual results130
- Apr 22, 2025Reported quarterly or annual results131
- Feb 13, 2025Reported quarterly or annual results132
- Oct 22, 2024Reported quarterly or annual results133
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
408 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 207 insider forms, 49 large holders, 77 other. The latest 20:
- Oct 5, 2026SCHEDULE 13G/A EDGAR
- Sep 3, 20268-K EDGAR
- Aug 24, 20264 PRIMARY DOCUMENT EDGAR
- Aug 20, 20264 PRIMARY DOCUMENT EDGAR
- Aug 20, 20264 PRIMARY DOCUMENT EDGAR
- Aug 20, 20263 PRIMARY DOCUMENT EDGAR
- Aug 19, 20268-K EDGAR
- Aug 17, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- Jul 7, 2026SCHEDULE 13G/A EDGAR
- May 20, 20268-K EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 18, 20264 PRIMARY DOCUMENT EDGAR
- May 6, 2026SCHEDULE 13G/A EDGAR
The 408 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
66 open-market trades by officers, directors and large owners since October 2021: 8 buys and 58 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Olsson ErikDirector | Buy | 3,085 | $163.00 | $502.9K | Form 4 |
| Feb 27, 2026 | Olin John ADirector | Buy | 3,000 | $142.47 | $427.4K | Form 4 |
| Jun 2, 2025 | Cunningham Christian JSVP & Chief HR Officer | Buy | 1 | Form 4 | ||
| Nov 6, 2024 | Silber Lawrence HarrisChief Executive Officer | Sale | 45,816 | $237.41 | $10.9M | Form 4 |
| Nov 6, 2024 | Cunningham Christian JSVP & Chief HR Officer | Sale | 4,350 | $242.28 | $1.1M | Form 4 |
| Nov 1, 2024 | Humphrey MarkSVP & Chief Financial Officer | Sale | 2,625 | $210.09 | $551.5K | Form 4 |
| Oct 29, 2024 | Cunningham Christian JSVP & Chief HR Officer | Sale | 7,568 | $213.85 | $1.6M | Form 4 |
| Oct 29, 2024 | Sheek Samuel WadeSVP & Chief Legal Officer | Sale | 5,000 | $213.12 | $1.1M | Form 4 |
| Oct 24, 2024 | Kelly Michael ADirector | Sale | 3,880 | $208.83 | $810.3K | Form 4 |
| Aug 26, 2024 | Birnbaum AaronPresident | Sale | 10,000 | $146.71 | $1.5M | Form 4 |
| Jul 31, 2024 | Peres TamirSVP&Chief Information Officer | Sale | 5,821 | $159.03 | $925.7K | Form 4 |
| May 13, 2024 | Silber Lawrence HarrisChief Executive Officer | Sale | 20,000 | $158.81 | $3.2M | Form 4 |
| May 10, 2024 | Cunningham Christian JSVP & Chief HR Officer | Sale | 6,607 | $155.37 | $1.0M | Form 4 |
| Apr 25, 2024 | Birnbaum AaronPresident | Sale | 5,844 | $152.33 | $890.2K | Form 4 |
| Mar 15, 2024 | Peres TamirSVP&Chief Information Officer | Sale | 3,545 | $159.10 | $564.0K | Form 4 |
| Mar 6, 2024 | Cunningham Christian JSVP & Chief HR Officer | Sale | 2,597 | $165.33 | $429.4K | Form 4 |
| Mar 5, 2024 | Schumacher Mark AlanVP & Chief Accounting Officer | Sale | 1,500 | $168.84 | $253.3K | Form 4 |
| Mar 4, 2024 | Silber Lawrence HarrisChief Executive Officer | Sale | 6,599 | $167.46 | $1.1M | Form 4 |
| Feb 29, 2024 | Silber Lawrence HarrisChief Executive Officer | Sale | 19,543 | $156.85 | $3.1M | Form 4 |
| Dec 14, 2023 | Schumacher Mark AlanVP & Chief Accounting Officer | Sale | 811 | $147.11 | $119.3K | Form 4 |
All 66 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 8 filings Feb 7, 2022 to Oct 5, 2026134
- Coliseum Capital Management, LLCSCHEDULE 13G/A, 4 filings Jun 5, 2025 to Aug 17, 2026135
- InvescoSCHEDULE 13G/A, 6 filings Feb 12, 2024 to Jul 7, 2026136
- FMR LLCSCHEDULE 13G/A, 4 filings Aug 6, 2025 to May 6, 2026137
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026138
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 2026139
- Capital World InvestorsSCHEDULE 13G/A, 2 filings May 13, 2025 to Nov 13, 2025140
- NORGES BANKSCHEDULE 13G/A, 2 filings Apr 14, 2025 to Oct 29, 2025141
- GAMCO InvestorsSCHEDULE 13D/A, 5 filings Nov 24, 2021 to Jun 4, 2025142
- AllianceBernsteinSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 2024143
- Carl C. Et Al IcahnSC 13D/A, 8 filings Nov 17, 2021 to Mar 13, 2023144
- ALGER ASSOCIATES INCSC 13G/A, 2 filings Feb 14, 2022 to Nov 10, 2022145
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Lawrence H. Silber | 69 | $1.1M | $8.3M146 |
| 2025 | Aaron D. Birnbaum | $691.3K | $3.8M146 | |
| 2025 | W. Mark Humphrey | $591.3K | $2.2M146 | |
| 2025 | Christian J. Cunningham | $532.1K | $2.0M146 | |
| 2025 | Tamir Peres | $532.1K | $2.0M146 | |
| 2024 | Chief Executive Officer | $1.0M | $6.9M146 | |
| 2024 | Chief Operating Officer | $621.6K | $2.5M146 | |
| 2024 | Chief Human Resources | $507.3K | $1.7M146 | |
| 2024 | Chief Information Officer | $507.3K | $1.7M146 | |
| 2024 | Chief Financial Officer | $517.6K | $1.7M146 | |
| 2023 | Chief Executive Officer | $966.6K | $6.1M146 | |
| 2023 | Chief Operating Officer | $589.9K | $2.3M146 | |
| 2023 | Chief Information Officer | $487.3K | $1.9M146 | |
| 2023 | Officer | $487.3K | $1.6M146 | |
| 2023 | Chief Financial Officer | $450.8K | $1.5M146 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Fmr LLC | 4,996,905 | $716.3M | 0.0% | −8,633 |
| BlackRock, Inc. | 2,864,677 | $410.6M | 0.0% | +331,398 |
| Norges Bank | 2,117,340 | $303.5M | 0.0% | New |
| Vanguard Portfolio Management LLC | 1,614,469 | $231.4M | 0.0% | +46,666 |
| Vanguard Capital Management LLC | 1,473,665 | $211.2M | 0.0% | +12,623 |
| Dimensional Fund Advisors LP | 1,331,262 | $190.8M | 0.0% | +167,240 |
| First Trust Advisors LP | 1,311,071 | $187.9M | 0.1% | +437,733 |
| Coliseum Capital Management, LLC | 1,117,122 | $160.1M | 13.8% | −544,940 |
| Gamco Investors, Inc. Et Al | 976,739 | $140.0M | 1.3% | +3,598 |
| Geode Capital Management, LLC | 812,727 | $116.5M | 0.0% | +55,184 |
| State Street Corp | 811,688 | $116.4M | 0.0% | +64,464 |
| Nomura Asset Management International Inc. | 700,726 | $100.4M | 0.2% | +40,799 |
| Channing Capital Management, LLC | 630,109 | $90.3M | 2.1% | +111,833 |
| American Century Companies Inc | 614,239 | $88.0M | 0.0% | −203,807 |
| Bank of New York Mellon Corp | 600,352 | $86.1M | 0.0% | +85,881 |
| Fisher Asset Management, LLC | 584,320 | $83.8M | 0.0% | +13,745 |
| Gabelli Funds LLC | 500,251 | $71.7M | 0.5% | +7,688 |
| Goldman Sachs Group Inc | 426,994 | $61.2M | 0.0% | +84,546 |
| Charles Schwab Investment Management Inc | 392,340 | $56.2M | 0.0% | −39,689 |
| Voya Investment Management LLC | 353,547 | $50.7M | 0.0% | +69,991 |
| Bank Of America Corp /de/ | 350,906 | $50.3M | 0.0% | +115,586 |
| Nuveen, LLC | 334,157 | $47.9M | 0.0% | +61,669 |
| Northern Trust Corp | 332,326 | $47.6M | 0.0% | +51,865 |
| Stephens Investment Management Group LLC | 322,420 | $46.2M | 0.5% | New |
| Jpmorgan Chase & Co | 312,026 | $45.8M | 0.0% | +261,124 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Apr 11, 2025 | Jefferson ShreveRepublican, House | Sale | $15,001 - $50,000 | +36.7% | Report |
| Apr 7, 2025 | Jefferson ShreveRepublican, House | Buy | $15,001 - $50,000 | −49.3% | Report |
| Mar 5, 2025 | Jefferson ShreveRepublican, House | Sale | $15,001 - $50,000 | +39.5% | Report |
| Nov 12, 2020 | Susie LeeDemocratic, House | Sale | $1,001 - $15,000 | −26.1% | Report |
| Nov 2, 2020 | Susie LeeDemocratic, House | Partial sale | $1,001 - $15,000 | −33.0% | Report |
| Jun 5, 2020 | Susie LeeDemocratic, House | Buy | $1,001 - $15,000 | +121.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Herc Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHERC HOLDINGS INC2
- CIK0001364479
- Employer ID (EIN)20-353053913
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company13
- Incorporated inDelaware13
- Fiscal year endsDecember 312
- Industry code (SIC)7350 Services-Miscellaneous Equipment Rental & Leasing2
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
- Business address27500 Riverview Center Blvd, Bonita Springs, FL 341342
- Phone(239) 301-10002
- Shares outstanding33,431,444 as of Jul 24, 202611
- Public float$4.3B as of Jun 28, 202513
- AuditorPricewaterhouseCoopers LLP, Tampa, Florida PCAOB ID 238; it also attests to the company’s internal control over financial reporting13
- On EDGAR sinceMay 17, 20062
- Filings2,276 in all: 4 (1,237), 8-K (316), 3 (114), SC 13D/A (61), 425 (60), 10-Q (56), SC 13G/A (54), 4/A (49)2
All 55 form types
SC TO-T/A (31), UPLOAD (27), CORRESP (25), 10-K (20), 144 (20), DEF 14A (20), SC 13G (19), DEFA14A (17), SCHEDULE 13G/A (15), ARS (12), S-1/A (10), 424B3 (9), S-8 (7), FWP (6), SC 13D (6), SCHEDULE 13G (6), 8-K/A (5), EFFECT (5), NT 10-K (5), S-4/A (5), SC TO-C (5), 3/A (4), IRANNOTICE (4), NT 10-Q (4), S-3ASR (4), 10-K/A (3), CT ORDER (3), RW (3), S-4 (3), SC TO-T (3), 424B2 (2), 424B4 (2), 8-A12B (2), CERTNYS (2), PRE 14A (2), S-1 (2), 10-Q/A (1), 15-12B (1), 25-NSE (1), 8-A12B/A (1), DEF 14C (1), DEFR14A (1), NO ACT (1), PRE 14C (1), REGDEX (1), S-3 (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 17, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 27, 2026
Latest 8-K (8-K) Sep 3, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | HRI | New York Stock Exchange |
From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).13
Risk factors and legal proceedings
The risks Herc Holdings Inc. names in Item 1A of its 10-K filed Feb 17, 2026: 30 risks under these headings, as written.13
- Risks Related to Our Business
- Our business is cyclical and depends on the levels of capital investment and maintenance expenditures by our customers. A slowdown in economic conditions or adverse changes in the level of economic activity or other economic factors specific to our customers or their industries, in particular contractors and industrial customers, could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- Our industry is highly competitive, and competitive pressures or not timely identifying and responding to customer needs, expectations or trends could lead to a decrease in our market share or in the prices that we can charge.
- We may fail to realize all of the anticipated benefits of the acquisition of H&E Equipment Services, Inc. ("H&E") or those benefits may take longer to realize than expected.
- Integration of H&E into our business may be difficult, costly and time-consuming, and the anticipated benefits and cost savings of the acquisition may not be realized.
- We are dependent on our relationships with key suppliers to obtain equipment for our business.
- A widespread outbreak of an illness or any other communicable disease, or any other public health crisis, could adversely affect our business, results of operations and financial condition.
- Our business is heavily reliant upon communication networks, centralized information technology ("IT") systems, and third-party technologies and services, and the concentration of our IT systems and sensitive information creates or increases risks for us, including the risk of the misuse or theft of information as a result of cybersecurity breaches or otherwise, which could harm our brand, reputation or competitive position and give rise to material liabilities.
- Failure to maintain, upgrade or replace our IT systems could materially adversely affect us.
- We may fail to respond adequately to changes in technology and customer demands.
- We face intense competition, including from our own suppliers, that may lead to downward pricing or an inability to increase prices.
- Our success depends on our ability to attract and retain key management, sales and trades talent, while supporting the onboarding and career development of our team members.
The other 19 risks
- Due to seasonality, especially in the construction industry, any occurrence that disrupts rental activity during our peak periods could materially adversely affect our results of operations, liquidity and cash flows.
- Some or all of our deferred tax assets could expire if we experience an “ownership change” as defined in Section 382 of the Internal Revenue Code (the "Code").
- Other Operational Risks
- Any decline in our relationships with our key national account customers or the amount of equipment they rent from us could materially adversely affect our business, financial position, results of operations and cash flows.
- Our rental fleet is subject to residual value risk upon disposition and may not sell at the prices we expect.
- We incur maintenance and repair costs associated with our rental fleet that could have a material adverse effect on our financial condition, results of operations, liquidity and cash flows in the event these costs are greater than anticipated.
- We are exposed to a variety of claims and losses arising from our operations, and our insurance may not cover all or any portion of such claims.
- Environmental, health, and safety laws and regulations and the costs of complying with them, or any change to them impacting our markets, could materially adversely affect our financial position, results of operations and cash flows.
- Climate change and legal or regulatory responses thereto may have a long-term negative impact on our business and results of operations.
- Part of our strategy includes pursuing strategic transactions, which could be difficult to identify and implement, and could disrupt our business or change our business profile significantly.
- We may face issues with our union employees.
- Risks Related to the Spin-Off and Our Separation from New Hertz
- We and New Hertz have assumed and will share responsibility for certain liabilities in connection with the Spin-Off, any of which could have a material adverse effect on our business, financial condition and results of operations.
- If there is a determination that any portion of the Spin-Off transaction is taxable for U.S. federal income tax purposes, then we and our stockholders could incur significant U.S. federal income tax liabilities.
- Risks Related to Our Significant Indebtedness
- Our significant level of indebtedness exposes or makes us more vulnerable to a number of risks that could materially adversely affect our financial condition, results of operations, cash flows, liquidity and ability to compete.
- Substantially all of our consolidated assets secure certain of our indebtedness, which could materially adversely affect our business and holders of our debt and equity.
- The amount of borrowings permitted under our revolving credit facility may fluctuate significantly, which may adversely affect our liquidity, results of operations and financial position.
- An increase in interest rates or in our borrowing margin would increase the cost of servicing our debt and could reduce our profitability.
- Despite our current level of indebtedness, we may still be able to incur substantially more debt. This could further exacerbate the risks described above.
- Risks Related to the Securities Markets and Ownership of Our Common Stock
- The market price of our common stock could decline as a result of the sale or distribution of a large number of shares of our common stock in the market or the perception that a sale or distribution could occur. These factors also could make it more difficult for us to raise funds through future offerings of our common stock.
- Provisions of our Certificate of Incorporation and our By-Laws could discourage potential acquisition proposals and could deter or prevent a change in control.
Legal proceedings
The information required with respect to this item can be found in Note 17, "Commitments and Contingencies" of our consolidated financial statements included in Part II, Item 8 of this Report.
The opening of Item 3, Legal Proceedings.13
Links
- Websiteir.hercrentals.com1
- WikidataQ107623842
- SEC EDGARCIK 1364479
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHerc Holdings Inc. on Wikidata
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- 19SEC EDGARMark P. Frissora, Chair
- 20SEC EDGARCraig R. Koch, Chair
- 21SEC EDGARAaron Birnbaum, President
- 22SEC EDGARLawrence Harris Silber, President
- 23SEC EDGARMichel Taride, President
- 24SEC EDGARScott P. Sider, President
- 25SEC EDGARLois Irene Boyd, President
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- 27SEC EDGARMark Irion, Chief financial officer
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- 37SEC EDGAREliana Zem, EVP and CHRO
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- 42SEC EDGARTyler Best, Exec VP and CIO
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- 44SEC EDGARDavid J. Rosenberg, SVP
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- 47SEC EDGARDavid Trimm, EVP & CIO
- 48SEC EDGARTodd Poste, Vice President
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- 53SEC EDGARScott Massengill, Global Treasurer
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- 62SEC EDGARElyse Douglas, Treasurer
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- 68SEC EDGARRichard J. Foti, Controller
- 69SEC EDGARJohn A. Olin, Board member
- 70SEC EDGARPatrick S. Shannon, Board member
- 71SEC EDGARErik Olsson, Board member
- 72SEC EDGARJohn Engquist, Board member
- 73SEC EDGARLorin Crenshaw, Board member
- 74SEC EDGARHunter Clark Gary, Board member
- 75SEC EDGARAndrew Teno, Board member
- 76SEC EDGARRakesh Sachdev, Board member
- 77SEC EDGARAndrew Langham, Board member
- 78SEC EDGARShari L. Burgess, Board member
- 79SEC EDGARJonathan Frates, Board member
- 80SEC EDGARNick Graziano, Board member
- 81SEC EDGARJacob M. Katz, Board member
- 82SEC EDGARJean K. Holley, Board member
- 83SEC EDGARDavid A. Barnes, Board member
- 84SEC EDGARCourtney Mather, Board member
- 85SEC EDGARHerbert L. Henkel, Board member
- 86SEC EDGARJames H. Browning, Board member
- 87SEC EDGARLouis Pastor, Board member
- 88SEC EDGARMary P. Salomone, Board member
- 89SEC EDGARPatrick D. Campbell, Board member
- 90SEC EDGARStephen A. Mongillo, Board member
- 91SEC EDGARHenry Keizer, Board member
- 92SEC EDGARSamuel J. Merksamer, Board member
- 93SEC EDGARVincent J. Intrieri, Board member
- 94SEC EDGARCarolyn Everson, Board member
- 95SEC EDGAREnnis Debra J. Kelly, Board member
- 96SEC EDGARPhilippe Laffont, Board member
- 97SEC EDGARLinda Fayne Levinson, Board member
- 98SEC EDGARMichael Koehler, Board member
- 99SEC EDGARAngel L. Morales, Board member
- 100SEC EDGARJ. Travis Hain, Board member
- 101SEC EDGARDavid H. Wasserman, Board member
- 102SEC EDGARGeorge A. Bitar, Board member
- 103SEC EDGARGeorge W. Tamke, Board member
- 104SEC EDGARGregory S. Ledford, Board member
- 105SEC EDGARNathan K. Sleeper, Board member
- 106SEC EDGARRobert F. End, Board member
- 107SEC EDGARWilliam E. Conway, Jr., Board member
- 108SEC EDGARBarry H. Beracha, Board member
- 109SEC EDGARHenry C. Wolf, Board member
- 110SEC EDGARMichael J. Durham, Board member
- 111SEC EDGARCarl T. Berquist, Board member
- 112SEC EDGARBrian A. Bernasek, Board member
- 113SEC EDGARSamuel Wade Sheek, General counsel
- 114SEC EDGARRichard J. Frecker, General counsel
- 115SEC EDGARMaryann Waryjas, General counsel
- 116SEC EDGAREntered a material agreement
- 117SEC EDGARExecutive or director change
- 118SEC EDGARResults of operations
- 119SEC EDGARShareholder vote
- 120SEC EDGARResults of operations
- 121SEC EDGARResults of operations
- 122SEC EDGARExecutive or director change
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- 124SEC EDGAROther events
- 125SEC EDGAROther events
- 126SEC EDGAROther events
- 127SEC EDGARExecutive or director change
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