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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
Built for heavy construction projects and designed for Stick/TIG welding pipe and plate in the construction industry, this Herc Rentals welder is lightweight, durable and delivers 280 amps of superior Stick performance, up to 3/16-inches in diameter.
- Amperage control provided through 14-pin receptacle on front of the machine
- Simple voltage changeover switch saves time when changing primary voltage
- Compatible with wireless remote controls
- Simple to operate with a process selector knob which automatically sets the proper dig setting on E6010 and E7018 electrodes providing superior stick performance
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|MAKE||MODEL||INPUT POWER||PROCESSES||RATED OUTPUT||DIMENSIONS (LWH)||WEIGHT||CAT-CLASS|
|Miller||XMT-350||208-575v, 3- or -1-phase||Stick/TIG/MIG/Flux-Cored/Arc Gouging||305A at 34 VDC, 60% duty cycle||24" x 12.5" x 17"||80 lbs||550-1300|
|Miller||Filtair 130||120B||Fume Extrator||132 CFM||12" x 12" x 23"||46 lbs||550-1400|
|MAKE||MODEL||FUEL||PROCESSES||RATED OUTPUT @ DUTY CYCLE %||GENERATOR OUTPUT (PEAK)||WEIGHT (WITH RUNNING GEAR)||CAT-CLASS|
|Miller||MILLERMATIC 141||Electric||MIG/Flux-Cored||40A / 16 VDC @ 40%||N/A||51 lbs||550-1950|
|MULTIQUIP||GAW180HEA||Gas||Stick/Flux Cored||180A / 27 VDC @ 50%||3,000 watts||246 lbs||550-1540|
|Miller||BOBCAT 250 GAS||Gas||Stick/Flux-Cored/DC TIG/MIG||225A / 25 VDC @ 100%||11,000 watts||601 lbs||550-1600|
|Miller||BOBCAT 250 LP||LP||Stick/Flux-Cored/DC TIG/MIG||225A / 25 VDC @ 100%||11,000 watts||635 lbs||550-1760|
|Miller||TRAILBLAZER 325D||Diesel||Stick/Flux-Cored/DC TIG/MIG/CAC-A||320A / 33 VDC @ 100%||12,000 watts||801 lbs||550-1850|
|Miller||BIG BLUE 400 PRO||Diesel||Stick/Flux-Cored/DC TIG/MIG/CAC-A||400A / 24 VDC @ 100%||12,000 watts||1,130 lbs||550-1870|
|Miller||CST-280||Electric||Stick/DC TIG||200A / 31.2 VDC||N/A||41 lbs||550-1280|
|Miller||XMT 350 FIELD PRO||Electric||Stick/Flux-Cored/DC TIG/CAC-A||270A / 34 VDC||N/A||93 lbs||550-1300|