Bonita Springs-based Herc Holdings posted a net income of $65 million in the first quarter, a 3% year-over-year decrease, according to an earnings report. The company, which operates through its Herc Rentals Inc. subsidiary, a full-line rental supplier with 412 locations across North America, reported a total revenue increase of 9% to $804 million. The year-over-year increase of $64 million is primarily related to an increase in equipment rental revenue of $65 million, reflecting positive pricing of 5.1% and increased volume of 8%, partially offset by unfavorable mix driven primarily by inflation, company officials said. Sales of rental equipment decreased by $2 million during the period.
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