By Elias Schisgall

Shares of Herc Holdings were lower after the company's equipment rental revenue in the fourth quarter missed Wall Street expectations, despite swinging to a profit.

Shares were down 8.7% at $158.18 in Tuesday morning trading. The stock is down 15% over the past 12 months.

The vehicle and equipment rental company on Tuesday reported a profit of $24 million, or 72 cents a share, compared with a loss of $46 million, or $1.62 a share, a year earlier.

Stripping out certain one-time items, the company logged adjusted earnings of $2.07 a share. Analysts surveyed by FactSet were expecting $1.87 a share.

It reported adjusted earnings before interest, taxes, depreciation and amortization of $519 million, short of analyst expectations of $538.1 million.

Revenue rose to $1.21 billion, up from $951 million a year earlier. Revenue from the equipment rentals segment was $1.04 billion, compared with $839 million a year earlier.

Analysts had been expecting total revenue of $1.25 billion and equipment rental revenue of $1.08 billion.

For the current year, the company is expecting equipment rental revenue of between $4.23 billion and $4.4 billion, and adjusted Ebitda of between $2 billion and $2.1 billion.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 17, 2026 10:54 ET (15:54 GMT)

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