Herc Holdings Inc. (HRI)

Herc Holdings beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 28, 2026, as adjusted EPS of $1.43 topped the $0.76 estimate by 87.2% and revenue of about $1.2 billion edged the $1.16 billion consensus by 4.1%. Revenue rose 20.2% from $1.00 billion a year ago, while net income increased 154.3% to about $19 million from a $35.0 million loss a year earlier. The largest line item, sales of rental equipment, new equipment, parts and supplies, came to about $122 million, down 0.8%, with sales of parts and supplies at about $8 million, down 20.0%, and sales of new equipment at about $4 million, down 42.9%. Gross margin was near 31% and operating margin about 12%, with operating income around $144 million; operating cash flow was negative $277 million, and the company paid about $23 million in dividends. Consensus for the next period calls for EPS of $2.72 on revenue of $1.33 billion.