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Herc Holdings And H&E Equipment Services: Is A Rental Powerhouse Emerging?

Herc Holdings, Inc. reported second quarter 2026 financial and operational results reflecting the continued integration of its acquisition of H&E Equipment Services and a re-focused execution on growth. The acquisition, completed in the first quarter, expanded Herc Holdings’ scale, fleet capacity, geographic reach, and ability to serve large, complex mega projects. In Q2, pro forma equipment rental revenue grew 2% year-over-year with a roughly 3% reduction in average fleet at original equipment cost (OEC), indicating improved fleet utilization and efficiency. The company noted a stronger demand environment than initially anticipated, particularly among national accounts in sectors such as energy, data centers, and manufacturing, prompting an increase in fleet investment guidance. Herc Holdings emphasized its ongoing strategy to drive growth by expanding its core rental business, investing in specialty fleet, and enhancing digital capabilities through its proprietary ProControl platform.