HERC HOLDINGS INC Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Basic and diluted earnings per share: | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income, basic and diluted | $ | 1 | $ | 211 | $ | 347 | |||||||||||
| Denominator: | |||||||||||||||||
| Basic weighted average common shares | 31.3 | 28.4 | 28.5 | ||||||||||||||
| Stock options, RSUs and PSUs | 0.1 | 0.1 | 0.2 | ||||||||||||||
| Weighted average shares used to calculate diluted earnings per share | 31.4 | 28.5 | 28.7 | ||||||||||||||
| Earnings per share: | |||||||||||||||||
| Basic | $ | 0.03 | $ | 7.43 | $ | 12.18 | |||||||||||
| Diluted | $ | 0.03 | $ | 7.40 | $ | 12.09 | |||||||||||
| Antidilutive stock options, RSUs and PSUs | 0.1 | — | 0.1 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 14, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 18, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.