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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
Store it. Lock it. Protect it. Each year, the U.S. construction industry loses up to $1 billion in construction equipment theft, according to the National Equipment Register. It doesn’t have to be that way. Protect your tools, equipment and building materials with Herc Rentals’ storage containers. Also known as shipping containers, these job site storage containers come in two sizes – 20-foot or 40-foot and are ideal for any construction or industrial site.
- Steel containers with wood floors
- Lockbox cover to deter theft
- 20-foot container has door handles at 36-inches for easy opening/closing, 4 vents for improved air circulation and moisture build-up prevention
- 40-foot container has doors on each side, making access easier and allows for installation of dividing wall for office space
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|MAKE||MODEL||EXTERNAL DIMENSIONS (LWH)||EMPTY WEIGHT (lbs)||CAT-CLASS|
|Waterfront Container||20 FT||20’ x 8’ x 8’6”||4,800||610-2810|
|Waterfront Container||40 FT||40’ x 8’ x 8’6”||8,400||610-2840|