Herc Rentals Q2 FY2026 Earnings Call

Thank you operator, and good morning everyone. Today we're reviewing our Q2 2026 results with comments on operations and our financials, including our view of the industry and our strategic outlook. The prepared remarks will be followed by Q&A. Let me remind you that today's call will include forward-looking statements. These statements are based on the environment as we see it today and are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and…

Thank you, Leslie, and good morning everyone. With the H&E integration successfully completed in the Q1, our entire focus in the Q2 shifted to execution. As we've discussed, the H1 of 2026 was about converting our larger optimized platform into stronger utilization and revenue growth as we move through the seasonal ramp. I'm incredibly proud of how Team Herc is performing. In the Q2, we reached an important post-acquisition turning point as pro forma equipment rental revenue returned to growth, increasing 2%…

Thanks, good morning, everyone. I 100% agree with Larry's comments on the strength of our culture. It was the dedication, discipline, and collaboration of our team that allowed us to integrate the H&E acquisition so efficiently. With that heavy lifting behind us, we have fully pivoted to execution. Our sales force is aligned and fully engaged. Our operating model is standardized across the network. Today, we are actively leveraging our expanded geographic footprint and beginning to capture the efficiencies of…

Thanks, Aaron. Good morning, everyone. I'm on slide 14 with a summary of our key financial metrics. Starting with our GAAP results, equipment rental revenue was up approximately 23% year-over-year, total revenues grew 20%, primarily driven by the acquisition of H&E, which was in our base for only one month in the prior year period. Adjusted EBITDA…