HERC Holdings Inc. Files 2024 10-K
Ticker: HRI · Form: 10-K · Filed: Feb 13, 2025 · CIK: 1364479
Sentiment: neutral
Topics: 10-K, annual-report, equipment-rental
TL;DR
HERC Holdings filed its 2024 10-K, detailing financials for the year ending Dec 31, 2024. Check it for company health.
AI Summary
HERC Holdings Inc. filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, previously known as HERTZ GLOBAL HOLDINGS INC, is incorporated in Delaware and operates in the equipment rental and leasing sector. Its principal business address is in Bonita Springs, Florida.
Why It Matters
This filing provides a comprehensive overview of HERC Holdings Inc.'s financial performance and operational status for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk.
Key Players & Entities
- HERC HOLDINGS INC (company) — Filer
- HERTZ GLOBAL HOLDINGS INC (company) — Former company name
- 2024-12-31 (date) — Fiscal year end
- 2025-02-13 (date) — Filing date
- 27500 RIVERVIEW CENTER BLVD (address) — Business and mailing address
- BONITA SPRINGS, FL (address) — City, State of business and mailing address
- DE (state) — State of incorporation
FAQ
What is HERC Holdings Inc.'s primary business activity?
HERC Holdings Inc. operates in the SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING sector, with SIC code 7350.
When did HERC Holdings Inc. file its 2024 annual report?
HERC Holdings Inc. filed its 2024 10-K on February 13, 2025.
What is the fiscal year end for HERC Holdings Inc.?
The fiscal year end for HERC Holdings Inc. is December 31.
Where is HERC Holdings Inc. incorporated?
HERC Holdings Inc. is incorporated in Delaware (DE).
What was HERC Holdings Inc.'s former company name?
HERC Holdings Inc.'s former company name was HERTZ GLOBAL HOLDINGS INC, with a date of name change on May 31, 2006.
Filing Stats: 4,367 words · 17 min read · ~15 pages · Grade level 15.8 · Accepted 2025-02-13 06:32:39
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HRI New York Stock Exchange
- $7.0 billion — of the American Rental Association, of $7.0 billion. The following table provides a breakdo
Filing Documents
- hri-20241231.htm (10-K) — 2123KB
- herc2024q4-ex191insidertra.htm (EX-19.1) — 66KB
- herc2024q4-ex211subsidiary.htm (EX-21.1) — 18KB
- herc2024q4-ex231consent.htm (EX-23.1) — 2KB
- herc2024q4-exhibit311.htm (EX-31.1) — 11KB
- herc2024q4-exhibit312.htm (EX-31.2) — 11KB
- herc2024q4-exhibit321.htm (EX-32.1) — 7KB
- hri-20241231_g1.jpg (GRAPHIC) — 55KB
- 0001364479-25-000007.txt ( ) — 13752KB
- hri-20241231.xsd (EX-101.SCH) — 86KB
- hri-20241231_cal.xml (EX-101.CAL) — 174KB
- hri-20241231_def.xml (EX-101.DEF) — 466KB
- hri-20241231_lab.xml (EX-101.LAB) — 1069KB
- hri-20241231_pre.xml (EX-101.PRE) — 826KB
- hri-20241231_htm.xml (XML) — 2318KB
Business
Business 1 ITEM 1A.
Risk Factors
Risk Factors 9 ITEM 1B. Unresolved Staff Comments 20 ITEM 1C. Cybersecurity 21 ITEM 2.
Properties
Properties 22 ITEM 3.
Legal Proceedings
Legal Proceedings 22 ITEM 4. Mine Safety Disclosures 22 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 ITEM 6. Reserved 25 ITEM 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 ITEM 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 36 ITEM 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 37 Report of Independent Registered Public Accounting Firm 37 Consolidated Balance Sheets 39 Consolidated Statements of Operations 40 Consolidated Statements of Comprehensive Income 41 Consolidated Statements of Changes in Equity 42 Consolidated Statements of Cash Flows 43
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements 45 ITEM 9 . Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 80 ITEM 9A.
Controls and Procedures
Controls and Procedures 80 ITEM 9B. Other Information 80 ITEM 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 80 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 81 ITEM 11.
Executive Compensation
Executive Compensation 81 ITEM 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 81 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 81 ITEM 14. Principal Accountant Fees and Services 81 PART IV ITEM 15. Exhibits and Financial Statement Schedule 82 ITEM 16. Form 10-K Summary 85
SIGNATURES
SIGNATURES 86 Table of Contents HERC HOLDINGS INC. AND SUBSIDIARIES CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K for the year ended December 31, 2024 (this "Report") includes "forward-looking statements," within the meaning of Section 21E of the Securities Exchange Act, as amended, and the Private Securities Litigation Reform Act of 1995. Forward looking statements are generally identified by the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," "looks," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the date of this Report. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that our expectations, beliefs and projections will be achieved. You should not place undue reliance on the forward-looking statements. Factors that could cause actual results to differ materially from those projected include, but are not limited to, the following: the cyclical nature of our industry and our dependence on the levels of capital investment and maintenance expenditures by our customers; the competitiveness of our industry, including the potential downward pricing pressures or the inability to increase prices; our dependence on relationships with key suppliers; our heavy reliance on communication networks, centralized information technology systems and third party technology and services and our ability to maintain, upgrade or replace our information technology systems; our ability to respond adequately to changes in technology and customer demands; our ability to attract and retain key management, sales and trades talent; our rental fleet is subject to residual value