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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
Break on through to the other side of any demolition project with Herc Rentals’ breakers … From the lightweight yet rugged TE 800-AVR designed to demolish walls and break out openings for doors and windows to the super strength of the TE 3000-AVR that reduces roads to rubble, Herc Rentals’ breakers make tough demolition projects nearly effortless.
Features and applications include:
- No compressor needed
- TE 3000 breaks up to 6 tons of concrete per hour, putting it on par with air compressor tools
- Exceptionally low vibrations - Virtually dustless with the TE-DRS-B and DRS-3000 dust collection systems
- Demolition of concrete slabs and foundations, roads, pipes and removing concrete for rebar connections and utility connections
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|MAKE||MODEL||WEIGHT CLASS||MAX IMPACT||ACCESSORY||IMPACT RANGE||AMP RATING||LENGTH||WEIGHT||CAT-CLASS|
|Hilti||TE 800-AVR||22 lbs||15 ft lbs||TE-Y||0-1,890 bpm||15A||23"||23 lbs||100-1250|
|Hilti||TE 1000-AVR||22 lbs||19 ft lbs||TE-S||0-1,950 bpm||15A||23"||26 lbs||100-1260|
|Hilti||TE2000-AVR||33 lbs||26 ft lbs||TE-S||0-1800 bpm||15A||29"||32 lbs||100-1270|
|Hilti||TE 3000-AVR||66 lbs||50.4 ft lbs||TE-H Hex||0-860 bpm||15A||32"||66 lbs||100-1300|