Herc Holdings: Weak Local Account Demand Expected To Temper Short-Term Growth
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Herc Holdings reported a 14.4% year-on-year increase in revenue to $951 million, driven by national account business. However, weaker local market demand is expected to impact growth and margins in the near term.
February 19, 2025 | 11:30 am
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Herc Holdings' revenue grew by 14.4% to $951 million, supported by national accounts. However, weaker local demand is expected to temper growth and pressure margins in the near term.
The company's strong revenue growth is overshadowed by concerns over weaker local demand, which is expected to impact future growth and margins. This could lead to a negative short-term impact on the stock price.
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