HRI 📈 Herc Holdings - Overview

Herc Holdings Inc. is a prominent equipment rental supplier with operations in the United States and international markets. The company's extensive fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, catering to a broad range of industries. By offering specialized equipment, Herc Holdings enables its customers to efficiently execute various projects, from construction and infrastructure development to industrial manufacturing and facility maintenance.

One of the key differentiators for Herc Holdings is its ProSolutions suite, which provides industry-specific, solution-based services. These services encompass power generation, climate control, remediation and restoration, pump, trench shoring, and studio and production equipment, allowing customers to access a comprehensive range of tools and expertise. Additionally, the company offers ProContractor professional grade tools, designed to meet the high standards of contractors and industry professionals. By providing these specialized services and equipment, Herc Holdings helps its customers to streamline their operations, enhance productivity, and reduce costs.

Herc Holdings' customer base is diverse, spanning non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors. The company also serves industrial manufacturing industries, including refineries and petrochemical, automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, and food and beverage industries. Furthermore, Herc Holdings provides equipment and services to infrastructure and government sectors, as well as commercial facilities, commercial warehousing, education, healthcare, data centers, hospitality, retail, and special event management customers. This broad customer base is a testament to the company's ability to adapt to various industry needs and provide tailored solutions.

In terms of sales and distribution, Herc Holdings employs a multi-channel approach, utilizing its sales team, industry catalogs, and participation in industry events, trade shows, and online platforms. This enables the company to effectively reach its target audience, showcase its products and services, and build strong relationships with customers. By selling used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies, Herc Holdings is able to provide a one-stop solution for its customers' equipment needs. With a history dating back to 1965, Herc Holdings has established itself as a trusted and reliable partner in the equipment rental industry, with its headquarters located in Bonita Springs, Florida.

As a publicly traded company, Herc Holdings is committed to transparency and accountability, with its common stock listed on the New York Stock Exchange (NYSE) under the ticker symbol HRI. The company's ISIN, US42704L1044, and GICS Sub Industry classification as Trading Companies & Distributors, provide further insight into its corporate structure and industry positioning. With a strong online presence, including its investor relations website, https://ir.hercrentals.com, Herc Holdings is well-equipped to communicate with its stakeholders, provide updates on its operations, and outline its strategic vision for the future.