The company reported a quarterly profit of $104 million, or $3.10 per share, climbing from $30 million, or 90 cents per share, during the same period in 2024. On an adjusted basis, earnings reached $3.91 per share, easily clearing the $2.93 consensus estimate from analysts. Total revenue grew 5% to $1.36 billion, edging past the $1.35 billion forecast compiled by FactSet.
In section Market Quotes
Herc Holdings Shares Surge Following Strong Third-Quarter Results
A 15% intraday spike pushed Herc Holdings shares to $145.63, the company's sharpest rally since April 2025. Investors reacted to a robust third-quarter report that saw the equipment rental firm comfortably outpace Wall Street expectations for both profit and top-line growth, signaling a significant turnaround from the previous year.
Core rental operations served as the primary engine for this performance, with equipment rental revenue jumping 12% to $1.25 billion. Bolstered by these results, management raised its full-year guidance for equipment rental revenue to a range of $4.48 billion to $4.55 billion, up from the prior outlook of $4.38 billion to $4.48 billion. Despite this quarterly momentum, the stock remains down 1.3% for the year.
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