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Dear Colleagues, Customers and Friends,
We have received a few inquiries regarding Hertz Global Holdings’ recent announcement about its financial outlook. We want to make clear that we are two separate and independent public companies.
Since the spin-off in 2016, Herc Holdings Inc., an equipment rental business operating through its Herc Rentals Inc. subsidiary, has been operationally and administratively independent of Hertz. Our companies are governed by different boards of directors and we each operate in different sectors and serve different customers.
Herc Holdings Inc. recently reported first quarter results ending March 31, 2020 and provided an update regarding the impact of the COVID-19 pandemic on operations. Our financial position and balance sheet are strong, and our debt is rated B1 by Moody’s and B+ by S&P. We have ample liquidity of $1.1 billion, and our net debt totaled $2.1 billion with a net leverage ratio of 2.7x.
We are well-financed, we have ample liquidity, and we have the fleet available. We are committed to serving the equipment needs of our customers and our communities safely, efficiently and effectively.
Should you have any questions about our services or equipment for rent, please contact your customer sales representative or call 800-654-6659.
President and Chief Executive Officer
These diesel tow-behind portable air compressors produce 25- to 125-horsepower and can be mounted on truck beds for increased versatility, making them ideal for a variety of markets and applications.
Features and applications include:
- Newly redesigned control panel
- User has ability to change pressure and flow settings during operation
- Runs for up to 10 hours at full load
- Ideal for powering handheld air tools, sandblasting, sprinkler and irrigation line blow-out, cable laying and pipeline testing
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|MAKE||MODEL||CAT-CLASS||CFM||HP/MOTOR||DIMENSIONS (LWH)||WEIGHT (lbs)|
|Atlas Copco||XAS 110||140-1220||110 CFM @ 100 PSI||25 hp/Diesel||79" x 48" x 51"||1,100|
|Atlas Copco||XAS 185||140-1260||185 CFM @ 100 PSI||49 hp/Diesel||127" x 64" x 61"||2,105|
|Doosan||P185WDO-T4F||140-1260||185 CFM @ 100 PSI||49 hp/Diesel||137.6" x 68.5" x 66"||2,447|
|Atlas Copco||XATS 400PE||140-1360||397 CFM @ 150 PSI||125 hp/Diesel||161" x 71.5" x 70"||4,555|
|Doosan||P425-HP375||140-1360||425 CFM @ 100 PSI - 375 CFM @ 150 PSI||104 hp/Diesel||152" x 78" x 70"||5,030|