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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
The earth is flat. That’s what you’ll be saying after using Herc Rentals gas or diesel-powered plate compactors. Designed to smooth and level the ground, plate compactors consist of a heavy steel plate and uses a vibrating, pounding action to flatten the ground in preparation for paving, landscaping or more.
Features and applications include:
- Lightweight to heavy models available
- Center mount lifting bale
- Innovative guide handles limit vibration
- Reversible plate compactor
- Multi-directional plate compactor
- Easy forward and reverse operation
- Better than rammers for compacting granular soils and covering large areas of ground
- Ideal for road, path, driveway and parking lot construction, compaction of interlocking paving stones, sand, gravel and cohesive soils
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|MAKE||MODEL||CENTRIFUGAL FORCE||BASE PLATE (LW)||FUEL||FWD/REV SPEED||DIMENSIONS (LWH)||WEIGHT||CAT-CLASS|
|Wacker Neuson||WP1550AW||3375||19.5" x 23"||Gas||0-100 fpm||34.5" x 19.5" x 38"||194 lbs||150-1260|
|Multiquip||MVC88CTHW||3372||20.7" x 19.7"||Gas||0-82 fpm||41.75" x 19.5" x 37"||229 lbs||150-1260|
|Wacker Neuson||BPU3050A||6750||34.4" x 17.7"||Gas||0-69 fpm||30.1" x 22.4" x 51.4"||366 lbs||150-1460|
|Wacker Neuson||BPU4045A||8992||35.4" x 17.7"||Gas||0-79 fpm||30.7" x 59.5" x 41.7"||710 lbs||150-1540|
|Multiquip||MVH308GH||10116||34" x 18"||Gas||0-79 fpm||61" x 24" x 48"||717 lbs||150-1540|
|Wacker Neuson||DPU6555HE||14612||34" x 21.7"||Diesel||0-92 fpm||30.7" x 59.5" x 41.7"||1,091 lbs||150-1580|