Herc beats top-line and bottom-line estimates; updates FY26 outlook

• Herc press release (HRI): Q3 Non-GAAP EPS of $3.91 beats by $0.99.
• Revenue of $1.36B (+4.6% Y/Y) beats by $10M.
• Record adjusted EBITDA of $603 million increased 9% with adjusted EBITDA margin up 190 bps
• Record equipment rental revenue of $1,254 million increased 12%.

• Updating 2026 Outlook

  The Company is raising its full year 2026 equipment rental revenue, adjusted EBITDA, gross and net rental capital expenditures guidance ranges.

  	Previous Guidance		Updated 2026 Guidance
  Equipment rental revenue:	$4.375 billion to $4.475 billion		$4.475 billion to $4.550 billion
  Adjusted EBITDA:	$2.05 billion to $2.125 billion		$2.10 billion to $2.15 billion
  Net rental equipment capital expenditures:	$850 million to $950 million		$1.0 billion to $1.1 billion
  Gross capex:	$1.25 billion to $1.40 billion		$1.45 billion to $1.60 billion

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