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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
Offering the latest technological innovations like Smart Sense technology to automatically adjust the gas, Herc Rentals plasma cutters deliver unsurpassed heat, allowing operators to cut through electrically conductive material like steel, stainless steel, aluminum, brass, copper and more with ease.
- Easy to use with simple controls, greater portability
- Innovative torch designs make it more versatile than other plasma cutters
- Boost Conditioner circuit improves performance on lowline voltage, motor generators, and fluctuating input power.
- FastConnect torches, CNC interface, and four work lead styles increase versatility for handheld and mechanized use
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|MAKE||MODEL||INPUT POWER||DUTY CYCLE||CAPACITY||WEIGHT||CAT-CLASS|
|Hypertherm||POWERMAX 30 AIR||120-240V 1PH, 29-15 A||20% 120V, 35% 240V||3/8 in Production, 5/8 in Severance||30 lbs||550-3015|
|Hypertherm||POWERMAX 65||200/208/240/480 V, 1PH 52/50/44/22 A 200/208/240/480/600 V, 3PH 32/31/27/13/13 A||40% @ 65A 200-208V, 50% @ 65A 230-600V, 100% @ 46A 230-600V||3/4 in Production, 1-1/14 in Severance||64 lbs||550-3030|
|Hypertherm||POWERMAX 125||480/600 V, 3PH 31/24 A||100% @ 125 A||1-3/4 in Production, 2-1/4 in Severance||108 lbs||550-3060|