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Herc Holdings (HRI) Q4 FY2021 earnings: revenue $578 million, up 11.1% on the year

Herc Holdings Inc. (HRI) reported revenue of $578 million for Q4 FY2021, the quarter ended 31 December 2021, up 11.1% on the same quarter a year earlier. Net income was $72 million, up 102.3% on the year, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2024.

Revenue$578 millionup 11.1%
Net income$72 millionup 102.3%
Diluted EPS$2.36
QuarterQ4 FY2021ended 31 December 2021

The quarter, against the one before and a year earlier

LineQ4 FY2021Quarter beforeA year earlierChange on the year
Revenue578n/an/an/a
Selling, general and administrative89.8n/an/an/a
Pre-tax income91.4n/an/an/a
Income tax19.6n/an/an/a
Effective tax rate21.4%n/an/a
Net income71.8n/an/an/a
Net margin12.4%n/an/a
Diluted EPS$2.36n/an/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2021Quarter beforeA year earlierChange on the year
Operating cash flow241n/an/an/a
Capital expenditure16.9n/an/an/a
Free cash flow224n/an/an/a
Free cash flow margin38.7%n/an/a
Cash from investing-348n/an/an/a
Cash from financing107n/an/an/a
Share-based compensation5.4n/an/an/a
Dividends paid14.8n/an/an/a
Diluted shares, weighted30mn/an/an/a
Shares outstanding at period end30mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2021Quarter beforeA year earlierChange on the year
Shareholders' equity977n/an/an/a
Debt1,931n/an/an/a
Operating lease liabilities387n/an/an/a
Finance lease liabilities41.2n/an/an/a
Other liabilities1,154n/an/an/a
Total liabilities and equity4,490n/an/an/a
Fixed assets308n/an/an/a
Goodwill232n/an/an/a
Intangible assets389n/an/an/a
Cash and equivalents35.1n/an/an/a
Receivables388n/an/an/a
Other assets3,139n/an/an/a
Total assets4,490n/an/an/a

Questions

What was Herc Holdings' revenue in Q4 FY2021?

Herc Holdings (HRI) reported revenue of $578 million for Q4 FY2021, the quarter ended 31 December 2021, up 11.1% on the same quarter a year earlier.

How much did Herc Holdings earn in Q4 FY2021?

Net income for Q4 FY2021 was $72 million, up 102.3% on the year, and diluted earnings per share $2.36.

When did Herc Holdings report Q4 FY2021 results?

Herc Holdings filed its 10-K for the year that ended with the quarter on 13 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5785676407457867408029088328048489659518611,0021,3041,2091,1391,2041,364
SG&A89.889.097.0112112106111115116112117120122118127166153146155178
Pre-tax income91.467.198.013513375.010314612381.093.0160-43.0-8.0-46.038.017.0-23.024.0120
Tax rate21%13%26%25%27%11%26%23%26%20%25%24%n/an/an/a21%-41%n/a21%13%
Net income71.858.073.010197.867.076.011391.065.070.0122-46.0-18.0-35.030.024.0-24.019.0104
Net margin12%10%11%14%12%9%9%12%11%8%8%13%-5%-2%-3%2%2%-2%2%8%
Diluted EPS$2.36$1.92$2.38$3.36$3.27$2.28$2.66$3.96$3.20$2.29$2.46$4.28-$1.62-$0.63-$1.17$0.90$0.72-$0.72$0.57$3.10
Operating cash flow241143216264294235281280290240318336331171241358315277314360
Capital expenditure16.913.014.654.222.033.044.042.037.030.041.056.034.033.047.043.034.041.041.025.0
Free cash flow224130201210272202237238253210277280297138194315281236273335
Buybacksn/a0.00.053.361.944.063.00.013.00.00.00.00.0n/an/an/an/an/an/an/a
Dividends paid14.817.017.017.017.120.018.018.017.020.019.019.019.021.020.023.023.024.023.024.0
Shares outstanding30m30m30m29m29m29m28m28m28m28m28m28m28m28m33m33m33m33m33m33m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 13 February 2024: the filing.