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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
Also known as membrane pumps, diaphragm pumps use a combination of back-and-forth action of a rubber, thermoplastic or Teflon diaphragm and valves on opposite sides of the diaphragm to pump a fluid. Herc Rentals’ inventory of diaphragm pumps include single or double, gas or diesel, 1- to 6-inch pumps in aluminum/cast-iron, polypropylene and stainless steel. A double diaphragm pump uses two sets of flexible membranes to pump fluids and a series of check valves to ensure fluid can only travel in one direction through the chamber.
Features and applications include:
- Motor design delivers optimum air efficiency
- Extremely versatile and can handle solids, run dry without damage
- Bolted construction for leak-free fluid handling
- Solid rubber tires for smooth rolling over tough terrain
- Ideal for slow seepage that includes trash, sand and mud, chemical transfer, de-watering underground coal mines and more
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