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Equipment Rental Firm Herc Posts Mixed Q2 Results As Local Market Growth Slows
Herc Holdings Inc (NYSE:HRI) reported second-quarter FY24 sales growth of 6% year-on-year to $848 million, beating the analyst consensus estimate of $832.02 million.
The revenue growth was due to an increase in equipment rental revenue of $63 million, reflecting positive pricing of 3.5% and increased volume of 6.4%.
Total expenses for the quarter increased 8% to $755 million. Adjusted EBITDA increased 2%, ...