Herc Holdings 2024 Outlook: Expects Equipment Rental Revenue Growth Of 7%-10%, And Sees Adjusted EBITDA Of $1.55B-$1.60B
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings projects a 7%-10% growth in equipment rental revenue for 2024, with an adjusted EBITDA of $1.55B-$1.60B, reflecting a 6%-9% increase from 2023. The company plans to expand its market share through fleet investments, acquisitions, and cross-selling, excluding its Cinelease business.
February 13, 2024 | 11:36 am
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Herc Holdings expects a 7%-10% increase in equipment rental revenue and a 6%-9% rise in adjusted EBITDA for 2024, excluding its Cinelease business.
The positive outlook for 2024, including significant revenue and EBITDA growth, suggests a strong performance and strategic expansion plans. This is likely to be viewed positively by investors, potentially leading to a short-term increase in HRI's stock price.
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