Herc Holdings Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on October 27, 2026, reporting third-quarter net income of $104 million on total revenues of $1.364 billion.

Key Highlights

  • Total revenues of $1.364 billion for the three months ended September 30, 2026, compared with $1.304 billion in the same period of 2025, according to the filing.
  • Equipment rental revenue of $1.254 billion for the third quarter of 2026, up from $1.122 billion in the third quarter of 2025.
  • Net income of $104 million for the three months ended September 30, 2026, versus net income of $30 million in the prior-year quarter.
  • Nine-month net income of $99 million for the period ended September 30, 2026, compared with a net loss of $23 million for the same nine months of 2025.
  • Total assets of $14.057 billion as of September 30, 2026, versus $13.776 billion as of December 31, 2025.
  • Long-term debt, net, of $8.004 billion as of September 30, 2026, per the condensed consolidated balance sheet.
  • 33,463,396 shares of common stock outstanding as of October 23, 2026, as reported on the cover page.

Herc Holdings Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Herc Holdings Inc. (NYSE:HRI) reported total revenues of $1.364 billion for the three months ended September 30, 2026, driven primarily by equipment rental revenue of $1.254 billion. Sales of rental equipment contributed $85 million, while sales of new equipment, parts and supplies added $13 million, and service and other revenue was $12 million. Total expenses for the quarter were $1.244 billion, resulting in income before income taxes of $120 million and net income of $104 million after an income tax provision of $16 million.

For the nine months ended September 30, 2026, the company disclosed total revenues of $3.707 billion and total expenses of $3.586 billion, producing income before income taxes of $121 million. After a tax provision of $22 million, net income for the nine-month period was $99 million. This compares with a net loss of $23 million for the nine months ended September 30, 2025, a period that included transaction expenses of $185 million, according to the filing. Transaction expenses in the nine months ended September 30, 2026 were $9 million.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $14.057 billion, including rental equipment, net, of $6.190 billion and goodwill of $2.859 billion. Total equity stood at $1.984 billion, with retained earnings of $576 million and accumulated other comprehensive loss of $132 million. The company reported cash and cash equivalents of $66 million, up from $52 million at December 31, 2025. The filing notes that forward-looking statements included in the report are subject to the company's cautionary language and various risks and uncertainties described therein, including the company's "significant indebtedness" and its "ability to realize all the anticipated benefits of the acquisition of H&E Equipment Services, Inc."

What Was Disclosed

Herc Holdings filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing revenue, net income, balance sheet figures, and share count data. The company had 33,463,396 common shares outstanding as of October 23, 2026.