Herc Holdings Affirms 2024 Performance Targets, Excluding Cinelease, Of 7-10% Equipment Rental Revenue Growth And Adjusted EBITDA Of $1.55B-$1.60B
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings has reaffirmed its 2024 performance targets, excluding Cinelease, projecting 7-10% growth in equipment rental revenue and an adjusted EBITDA of $1.55B-$1.60B. The company maintains its guidance for rental capital expenditures.
April 23, 2024 | 10:34 am
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Herc Holdings reaffirms its 2024 targets with 7-10% equipment rental revenue growth and adjusted EBITDA of $1.55B-$1.60B, excluding Cinelease.
Reaffirming performance targets, especially with specific growth figures and EBITDA projections, typically instills confidence in investors and can lead to positive sentiment around the stock. The exclusion of Cinelease suggests focused growth in core equipment rental business, potentially making this news more impactful for investors interested in HRI's primary operations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100