Herc Holdings Raises FY24 Equipment Rental Revenue Growth Outlook From 7% - 10% To 9.5% - 11%
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings has raised its FY24 equipment rental revenue growth outlook from 7%-10% to 9.5%-11%. The company also updated its guidance on rental capital expenditures while maintaining its adjusted EBITDA guidance, excluding the Cinelease business.
October 22, 2024 | 10:34 am
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Herc Holdings has increased its FY24 equipment rental revenue growth outlook, indicating stronger performance expectations. The company also updated its capital expenditure guidance while maintaining its adjusted EBITDA outlook.
The increase in revenue growth outlook suggests improved business performance, which is likely to positively impact the stock price. The update in capital expenditure guidance indicates strategic investments, while maintaining EBITDA guidance shows financial stability.
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