morning, good for thank and joining us. Elizabeth all you, you Thank and
execution self-help profitability. of Our of to to through operating our and on quality initiatives company-wide margins increase focus the earnings team continues
year-over-year utilizations price contributed the third drove again to dollar and improvements quarter. in adjusted EBITDA Our margins initiatives that once industry-leading higher
our capital and to return In capital flow-through expenses to on fleet net reducing in the improved REBITDA margin of compared REBITDA and the about year. achieved prior quarter. maximize focused expenditures flat we management XXXX, We excellent OEC by held on the
We focusing expanding size. more fleet control utilization to on of are improving to our our fleet capital existing the
mean more strength our to end-markets cautious are that does This we the remain we of consider about which strong.
customers which Our stable we in contractors and interactions slower that albeit a with markets and at continued our participate reinforce must the grow rate. belief
XXXX improvement year year or These factors EBITDA and our to of contribute million. an the of conviction Herc for good $XXX X% to for that reflect to approximately full $XXX million will to Rentals another our range XX% adjusted be guidance a
strategic as cash initiatives free roadmap Slide utilization flow and to margin, leverage. on our shows EBITDA and X enhanced net dollar reduced improve Our
financial the to in are closing metrics to between important expect make our committed progress Herc year-over-year these gap continue annual peers. Rentals and We to and industry-leading
On one discuss we safety important our of most metrics, Slide X, internal performance.
and entire to our our assisting and on while first they communities safety expect We require. with equipment the focus team services customers
us the that equipment industry. in members differentiating provide team makes the Our rental factor unique
“at of incidents, vehicle concept which perfect simple the recordable a means on focus we locations, no fault” no our and OSHA no violations. Throughout day DOT accidents motor
month. are locations safety reported We celebrate we those perfect
of days. our perfect perfect through XXX% the our recorded days the many quarter branches All in of of reporting XX% third with locations XXXX
organization. for is improvements throughout continuous goal Our safety entire our
profitability. through our quarter. for by the third strategic to a summary of the Strong Slide were results revenues X turn improved financial gains re-rent reductions offset in pricings please number in Now for
As revenue a $XXX.X grew to X.X% result, rental million. equipment
equipment planned were disposals Irion more in later in Total presentation. revenues which will used million, slightly impacted quarter in reductions were the XXXX. describe by the revenues $XXX.X our the in to Mark fully period down prior compared Total
or $X.XX share. million the in income net reported We per quarter of diluted $X.X third XXXX of
of quarter $XX.X cost related as notes the notes XXXX the related redemption our and issuance and to the X.X% included to the ABL XXXX transaction agreement. pretax This our million cost of and new
Excluding restructuring and third adjusted million in to our quarter taxes, cost diluted income and to refinancing increased per $X.XX increased $XX.X XXXX XX.X% cost impact year. to share our income net spin-off the related of the XX.X% compared the relating net to and last
SG&A compared year XX.X% reflecting our Adjusted targeted EBITDA quarter $XXX.X to markets million in reflecting third margin Pricing is of demand Adjusted the the pricing. increased control X.X% direct initiative to third X.X% our EBITDA with in reductions last and expenses. operating quarter. in and strength our improved
value stable dollar markets utilization and We are a increase the rates points services quarter and year-over-year pricing in even XXXX mix reject XX.X%. contributed and provide. Improvement the in recognize our third professional an the in of with customers likely of of improvement basis to XXX would less to we support
in the over we year. the straight year-over-year to period, improvements rates our XXXX. quarter upper-left with continuing illustrates the over quarter we latest X longer of Moving Slide third pricing number X.X% in for years. last But illustrates have made improved XX compared with now the which quarters year-over-year the graph even XXXX last The two an quarter up
with year. shows of the older OEC approach this [Indiscernible] year controlling This We to billion average in took the slide fleet $X.XX average spend was our fleet at up flat in third about while quarter also and XXXX last over year fleet a quarter equipment. of to X.X% OEC last conservative disposal
growth improving Our our volume by goal to utilization. is improve
compared the third XXXX X.X% quarter. strong of fleet quarter rent down on average Our XXXX was third with the during
the still quarter, While by invest we in we had our pleased pricing we the did was improvement are growth utilization gains. time driven the which with overall revenue for hoped
we X. the number in as see in made year-over-year as We utilization, Slide the well to turn dollar the impact please volume steady can of Now seasonal improvement business.
basis an pricing reached This from utilization reflects points dollar achieved. increase of XXX we strong and in and quarter Third performance quarter the up a a XX.X%, third increase XXXX. improved mix
months ProSolutions ProContractor Together, now third equipment the with of XX XXXX approximately September for of end or about fleet accounts XX of fleet our total OEC was at fleet months $XXX of period year. same the like XX, the compared XXXX. Average and age our million XX% to quarter of last as
see the of our can detailed fleet You count our appendix. categories in rate
Now number XX. to please Slide turn
is industry further diversification strategy customers markets, as of our mix. well and Our as driving
X.X% revenue local year-over-year accounted about for rental quarter grew rental Third by and XX% of revenues.
the Continued contributed to growth projects in infrastructure positive local at level gains.
with National total represented year. and the increased XX% account X.X% quarter revenue of the about last in third compared
Our in showed rental right-hand by this corner the major composition chart segments is slide. the to revenue XXXX in upper of customer
other customers healthcare, to represented revenue of Contractors XX% equipment and events the XX%, with customers include commercial and represented XX% rental entertainment of infrastructure followed XX% of and by special service, government industrial hospitality, and equipment which revenues recreation, rental retail total. increased
both the throughout level. Growth accounts continue in national new account at be and local to the customer solid quarter
portfolio continue well focus targeted the We as our growing of y customer end-markets, solid equipment on our maintaining pipeline to future a as base. current all used in for opportunities of growth
Please been turn range to have months architecture out level. some Slide recently the and August. number in billing accounting. index months to reporting signals The to XX metrics XX economic index the XX. around XX regarding in fell The indiscrete begun mix tight predicts has below Certain show activity nine
contractors seven and in forecast spending growth and with horizon. annual tenths short and U.S. with markets The X% close the contracts XXXX of continued XXXX. X.X% in confidence for on XXXX to in over customers both conversations our industrial or indicate estimate spending medium-term and industrial
clearly rental U.S. dollars. with spending positive growth decline suggests non-residential XXXX, X.X% spending spending dollar volumes of are a in sufficient is up a create demand. XXXX strong in expected favorable X.X% estimates in levels absolute to with be with to for public Current slowdown in
the ARA Longer-term, forecast for X.X% North at robust growth projected annual industry equipment remains compound rental growth with XXXX. through American revenues
as customers offset focus increasing space support to our coverage cost growth on Our urban and to use strategy market to constraints. should urban rental
steady trends secular as growth rental will untraditional equipment These the contribute to rentals expand industry categories.
locations we several to Slide markets year number XX. and far this Florida hit new added in might in such North markets four branches we our Raleigh, to support other Please We’ve model. Carolina, that could density rental urban Orlando, have fleet growth more so high as urban Boston, in turn urban so
The map forecast the American five Rental the based by also over by the growth and next shows on expectations Association. province this slide years state on
of in growth the of southeast years next regions U.S. five west, and in X% Western over X% Canada. and forecast currently They the the southwest to
self-help We on improve expect a positive to our to operating end-markets in margins continue initiatives remain strong focus to XXXX and into we’ll our environment.
end to results then Now, our CFO, let me Mark summarize to at detail will the before questions. and our I Irion call your turn it we up discuss over the in further to more open financial
