Every material Form 8-K HERC HOLDINGS INC has filed with the SEC since September 03, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Herc Holdings reported third-quarter 2026 revenue of $1,364 million, up 5%, and net income of $104 million, or $3.10 per diluted share, versus $30 million, or $0.90, a year earlier. The company raised its full-year 2026 guidance for equipment rental revenue, adjusted EBITDA and capital expenditures for the second time this year, citing growth in its large-project pipeline.
Q3 adjusted EBITDA rose 9% to $603 million, and adjusted EBITDA margin was 44.2% versus 42.3%.
Adjusted earnings per diluted share were $3.91 versus $2.22 in the prior-year quarter.
Updated 2026 adjusted EBITDA guidance is $2.10 billion to $2.15 billion, up from $2.05 billion to $2.125 billion.
Updated 2026 equipment rental revenue guidance is $4.475 billion to $4.550 billion, up from $4.375 billion to $4.475 billion.
Herc Holdings said President Aaron Birnbaum will succeed Lawrence Silber as chief executive officer effective January 1, 2027, as part of a planned succession, and Silber, CEO since 2015, will become executive chairman. The filing also sets out the pay the company expects to provide to both executives and names Michael A. Kelly as Lead Director, which shapes how the board will be led after the transition.
Aaron Birnbaum, age 60, becomes CEO and will also remain President; he has been President since January 1, 2026 and was Chief Operating Officer from January 2020 to December 2025
Birnbaum expected annual base salary of $975,000, target bonus of 125% of base salary, and a 2027 long-term equity award with grant date fair value of approximately $4,250,000
Silber expected annual base salary of $600,000, target bonus of 120% of base salary, and a 2027 long-term equity award with grant date fair value of $3,000,000
Michael A. Kelly elected Lead Director and Patrick Campbell moves from Board chairman to independent director, both effective January 1, 2027
Herc Rentals and its special purpose vehicle entered a Ninth Amendment to their receivables financing agreement on August 31, 2026. The amendment increases commitments and uncommitted allocations for greater borrowing availability and extends the maturity date to August 31, 2027.
Ninth Amendment to the receivables financing agreement signed August 31, 2026 with Credit Agricole Corporate and Investment Bank as administrative agent
Amendment increases commitments and uncommitted allocations to provide greater borrowing availability
Maturity date of the agreement extended to August 31, 2027
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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