Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 965M | 13.8% |
| Gross Profit | 285M | 47.7% |
| Cost of Revenue | 680M | 3.8% |
| Operating expense | 139M | 3.7% |
| Net Income | 122M | 74.3% |
| EBITDA | 177M | 65.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.17B | 7.9% |
| Total Liabilities | 6.7B | 7.8% |
| Total Equity | 1.48B | 8.4% |
| Shares Outstanding | 28M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 336M | 5.7% |
| Cash from investing | -543M | 34.4% |
| Cash from financing | 279M | 200% |
EPS
Financial Highlights for Herc Holdings in Q3 '24
Herc Holdings reported a revenue of 965M, which is a 13.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 285M, marking a 47.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 680M, a 3.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 139M, showing a 3.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 122M, showing a 74.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 177M, showing a 65.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Herc Holdings with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
