Herc Rentals reports ‘good momentum’ for 2021

Murray Pollok Managing Editor, IRN & Director of Content, KHL

18 February 2021

US rental company Herc Rentals increased its 2020 net profits by 55% to US$73.7 million despite the challenges of Covid-19. Its final quarter revenues were only 3.6% below the same period in 2019, reflecting a strong rebound from the pandemic.

Revenues for the full year to 31 december were 10.9% lower year-on-year at $1.781 million, with the pandemic impacting on all its revenue sources, but primarily rental revenues and new equipment sales.

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