The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Herc (NYSE:HRI) and the rest of the specialty equipment distributors stocks fared in Q4.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the specialty equipment distributors stocks, including United Rentals (NYSE:URI) and its peers.
Let’s dig into the relative performance of SiteOne (NYSE:SITE) and its peers as we unravel the now-completed Q4 specialty equipment distributors earnings season.
Since September 2024, Herc has been in a holding pattern, posting a small loss of 3.7% while floating around $127.35. The stock also fell short of the S&P 500’s 5.2% gain during that period.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 7.2% has trailed the S&P 500’s 9.5% gain.
Under the terms of the Herc proposal, H&E shareholders would receive $78.75 in cash and 0.1287 shares of Herc common stock for each share they own, with a total value of $104.89 per share.
Herc Holdings has made a superior acquisition offer to H&E Equipment Services for $104.89 per share, which is based on Herc's 10-day VWAP and expected to close mid-2025. The offer includes $78.75 in cash and 0.1287 shares of Herc stock per H&E share, with expected synergies and revenue growth. This offer is better than the previous offer by United Rentals, which has been waived.
Equipment rental company Herc Holdings (NYSE:HRI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.4% year on year to $951 million. Its non-GAAP profit of $3.58 per share was 9.2% below analysts’ consensus estimates.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how specialty equipment distributors stocks fared in Q3, starting with Richardson Electronics (NASDAQ:RELL).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty equipment distributors industry, including Alta (NYSE:ALTG) and its peers.
Let’s dig into the relative performance of Hudson Technologies (NASDAQ:HDSN) and its peers as we unravel the now-completed Q3 specialty equipment distributors earnings season.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty equipment distributors industry, including Herc (NYSE:HRI) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at SiteOne (NYSE:SITE) and its peers.
The past six months have been a windfall for Herc’s shareholders. The company’s stock price has jumped 68.4%, hitting $233.81 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Titan Machinery (NASDAQ:TITN) and its peers.
