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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
It’s time to scrub with cold water pressure washers. From light, home DIY use to heavy-duty pressure washing designed for industrial job sites, Herc Rentals has the right washer for you.
Features and applications include:
- Maximum pressure ranges from 1,000 to 5,000 psi
- Multiple and easy connect nozzles
- Ideal for washing construction, farm and industrial equipment; other uses include washing stone walls, sidewalks, gutters, doors, concrete floors, fences and more
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|MAKE||MODEL||MOTOR / CAPACITY||MAX PSI||MAX GPM||RUN TIME||DIMENSIONS (LWH)||WEIGHT||CAT-CLASS|
|Mi-T-M||CD-1002-3MUH||120V 12.5 Amp||1,000 PSI||2.0 gpm||Unlimited||20” x 11.5” x 14”||58 lbs||105-2010|
|Mi-T-M||CW-2505-4MGH||389cc Honda OHV / 1.6 Gallons||2,500 PSI||4.4 gpm||1.5 hrs||45.5”x28”x26”||216 lbs||105-2020|
|Mi-T-M||CBA-4004-1MGH||389cc Honda OHV / 1.6 Gallons||4,000 PSI||4.0 gpm||1.5 hrs||47" x 27.5" x 28.5"||165 lbs||105-2050|
|Mi-T-M||CWC-5004-4MGH||680cc Honda OHV / 13.0 Gallons||5,000 PSI||4.0 gpm||9.5 hrs||43" x 27.75" x 36"||398 lbs||105-2070|