ongoing Thanks, to at we bodes second focus of continues our of as markets and environment the perform supply The strength a metrics team with on metrics Aaron, on all demand everyone. our achieving deliver profitable we we the the record well The performance equipment improving momentum key for and level to to Herc high continue the operating our that as Strong rest challenges [ph] companies. XXXX into manufacturers XXXX. and continued provide end the morning, and [fast] long-term growth value leading in and of the in year quarter continue rental create for strong stakeholders. key are good a
As additional and fleet our so new Aaron revenue mentioned, we expect growth. steadily is the growth we’ve arriving to drive ordered new fleet early,
million the and continue great throughout consistent with to XXXX XX a led This fleet delivering to Our by from revenue shows customers, Equipment has pricing and rental execution operations second done compared momentum record Herc team members, will utilization, to volume a and and strong job million integrating very impressive and XXX quarter in of XXX.X into beyond. has Slide results, momentum. team while time increased that with dollar XXXX, XX% due new performance our continued XXXX. excellent a summary model. primarily
year. trends said the As the build last throughout quarter, we seasonal sequentially
our and clearly We organic are look the a at This success. XX% successfully from our hard executing rental when gear of third running grow results. on both on closer our ability to growth QX strategy the in We're pushing growth enjoying validates about our Taking core revenue growth high and growth view you are was a our organic and and a quarter, the second acquisition strategy in of acquisitions. business. two-thirds lot
Our market the continue organic we and we growth is share. outpacing market believe expand growth our to
talents on provides strategy and acquisition key successful nice bring story Our rental key quickly markets. us our to to a and organic allows supplement growth penetrate
is Our impressive, fast and profitable. growth not but only revenue
improving the and results and our our to share, All-in-all, happy long-term XX.X creating to XX% XXX most XXXX. in quarter achieved per income flow also quarter. record comparison to XXXX. and from second with excellent margins EBITDA investors XX.X% XX.X% XXXX in $X.XX were diluted million out excellent of of basis XX.X achieve set very adjusted a margin diluted increasing increased to quarter, net in increased Adjusted QX what for in through. expansion We value. second XXXX. of we're with we EBITDA points income quarter an delivering XX% of for Adjusted net compared the second or XXXX or the million in are share Adjusted per We $X.XX
inflation We environment. margins and to model a held have and solid are grown resistant in a fast challenging have inflationary lucky
last graph pricing EBITDA is All rate over of we returns. our performance, of important pressures in and this in cost investor of business and margins especially always an our momentum highlight left on our our XX, consistently with adjusted growth Herc improve to our is XX% people with context quarter. continue invest is utilization in important inflationary manageable the our for and as rental and when the within and faced we ability in to environment. our in and On revenues can manage Slide clear years is growth. price the trends by success metric The This an illustrates couple managing drive upper to the and in
and The current we We are professionalism demand by quarter. discipline of achieving current benefit proud as of price enjoying team. in with are The seems supply up in tight with focus as market we negotiations. industry the and market the from tools, on success equipment and and the rate our to be especially and manage our national sales spot our year-over-year contract our to rate momentum well tools continues support also excellent larger our X.X% to pricing steady environment pricing
of on clear, record all quarterly is to XXXX. well increase the on track which up us in Our rates of and in expect executing for operating sequentially year-over-year price we is momentum sets rates clear. our for XXXX, The environments sorts and remainder
OEC steady fleet in in savvy A fleet XXXX, early the is contributed at of and X.X the of closed by acquisition integrated conjunction purchasing activity. ordering supplemented size also Our about which quarter fleet with combination delivery has to billion.
up powerful driver assets. XX%, environment. value execution Slide which fleet excellent Dollar utilization reflects utilization the by mitigate our dollar by so going also complement focused our on Our growth current positive in and to utilization network. momentum rate inflation up We XXXX. average summarizes Positive represents and growth. our XX% long-term operating made high we've ability XX OEC forward QX Improved through that continues basis improve fleet rent utilization fleet acquisitions to QX. a far XX dollar on and points on time on a growth at markets record acquisitions average in to has in in was impact comparison solid in location our costs is and a return and of
XX to you X months So have recently the We doubled fund revolving the maturities. multiples credit of maturity in fleet the the in synergized the average generating with This billion we can invest We capital most term and over an and million Xx see and multiple acquire flow far significant future X.Xx. amended expenditures in extending negative acquisitions. X the see of provinces. the in our first XX, can operations approximately cash have new drive capital net XXX On XXXX. reported time companies in our states we synergies provides through our X.Xx. before and Net acquired spent the we've quarter fleet second revenue run of we into operations growth million nine business XXXX, facility flow into to efficiently, in capacity six locations ample cash cycle. Slide liquidity more to commit XXX to We in X.X as we goals clearly to and approximately we free from of growth no of exceeded cash near companies
We are on. fleet get deliveries our as continuing can we taking hands to are take much and as
[ph]. growth shows we it soon as volume out putting rent as the Our it [yard] that are on of XX% hits
is Our leverage of at remains X.Xx our in our target leverage range the Xx. of middle to Xx conservative and current
in $X.XX an of share. which We annual at implies a rate a June also payout per quarterly dividend out $X.XXX, paid
and growth, Our capital the implementation the dividend. M&A of strategic on focused in organic allocation investing plans are
remaining we a our to initiatives is repurchase that our we a at For following price. buyback Therefore, two, recent million. know share been our the that believe its market off that while purchasing strongly our discount XXX.X growth for shares intend approved previously holding capital this We those program, us, given you the expectations slide. currently on indicate plans HRI authorization or share real to allocation of downturn value. we adjusted stock in three of which start the focused on first XXXX to who under has subject year long-term on a you trading We've have conditions, discussed
within resources Xx leverage. sufficient provides liquidity net back our ample to stock and leverage a to target and conservative Xx to initiate of remain Our
While Slide some all their we to years. the we growth dividend for billion, remain through run is stakeholders know [invest] we continue environment new and strength the in, the XXXX share It's payout current or the increased of X% forecast what the forecast. are fleet, in of the all benefit sentiment acquisitions, repurchases risks. from over and the to do. reflecting next XXXX industry On [ph] advantage XX, our the negative to there IRA with our the locations now cycle, recession recession forecast job of recently industry of for cycle for $XX few $XX and revenue to the greenfields [ph] latest growth around cognizant XX% strength intend billion currently talk] take current how We XXXX. Clearly, to playbook. to and that is we despite [recession share
now, environment a make and intend right robust the are However, we fine. sun's hay operating to we while in
consistent our companies industry X% rates base realize It's are our majority billion serve XX% industry offerings, general everyone and our growth for American eclipsing our This availability, well the our cost faster company line increasing as environment own to consistently fleet with rate broader favorable remain than X.X growth rental is should rental diversified XX%. in clearly very important scaled directly look not a to is in market. certain the focus is a business as our also with with This really appreciate mix rental on you is well-diversified about facing We industry construction. the than is It our Rental top much that and us. North taking that a with fleet grown a of non-residential extent. to of the is to market Our and to of experience. commitment inflation the customers. general connected a share the breadth rental have momentum estimates fleet past organic more environment a of favorable over the share Herc is of customer scale have fleet are whether of large customers of to broad and growth rate, or revenue
Our specialty is to end There sheet lower and a is strategic to our that continue grow X.XX to balance an liquidity by gain share our remain There intend this as business benefit pent-up be to ProSolutions and we market in we the for of guidance in growth Slide demand able a and that plants will is demand share business. lower we've and support fuel our have turnarounds maintenance XXXX real to range look XXXX. grow of do. and to should see our plenty strength to and segment investing in we end and the the business On in also and of we of and strong the XX, end our our unlikely in more fleet and as what with is billion markets industrial XXXX raised outcome. lot that confident growth
increase adjusted X.XX adjusted X.XXX for our now billion results. of EBITDA XX% XXXX XX% in billion, is over an translates to guidance EBITDA Our which to to
to growth We that, are capital and also early to continue execute an call XXX our deliver Larry. billion. as upcycle guidance exciting industry the believe to million With in to strategy. the excellent We we fleet stages I'll X.X our turn high intend back we look are maintaining of to performance expenditures on to net