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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
Direct fired portable heaters extend heat into wide areas and provide for a comfortable work environment in the harshest conditions. These kerosene and propane forced-air heaters are easy to operate and require proper ventilation.
Features and applications include:
- Equipped with 100% flame safeguard system
- Engineered for easy operation and minimal servicing
- Ideal for farms, warehouses, workshops, garages, construction sites and winter sports athletes
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|MAKE||MODEL||TYPE||CFM||BTU||HEATING AREA||FUEL TANK||CONSUMPTION||RUN TIME||VOLTAGE||DIMENSIONS (LWH)||WEIGHT (DRY)||CAT CLASS|
|Heatstar||HS115TC||LP/NG||1,600||111,000||2,875 sq ft||(2) 40 gal/ (1) 100 gal||3.9 lb/low 5.3 lb/high||25/18 hrs||115V||30" x 21" x 21"||91 lbs||715-0419|
|Dewalt||DXH170FAVT||Propane||450||170,000||3,500 sq ft||100 gal external||5.8 -8.1 lbs/hr||17 hrs||110V||26" x 12" x 17"||31 lbs||715-0440|
|Dewalt||DXH190HD||Kerosene||450||190,000||4,750 sq ft||14 gal on board||1.4 gal/hr||10 hrs||120V||40" x 18" x 21"||74 lbs||715-0450|
|Heatstar||HS250TC||LP/NG||2,100||249,000||6,250 sq ft||(2) 100 gal||8.5 gal / low 12 gal / high||23/16 hrs||115V||33" x 21" x 31"||165 lbs||715-0452|
|Heatstar||HS400FAVT||Propane||1,400||400,000||9,000 sq ft||(2) 100 gal external||9.3- 18.5 lbs/hr||17 hrs||120V||39" x 39" x 22"||51 lbs||715-0460|
|Heatstar||HS3500||Diesel/ Kerosene||1,800||360,000||75,000 sq ft||27.7 gal||2.75 gal/hr||9.5 hrs||115V||66" x 27" x 39"||227 lbs||715-0470|
|Flagro||F-1500T||LP/NG||7,000||1,500,000||19,000 sq ft||External||16.24 gal LP||Depends on tank cap||115V||61" x 29" x 38"||314 lbs||715-0550|