teams, environment journey Herc, through and customer Larry, a Team demonstrated in our Thanks progress traded morning we have mindset. for markets first build The to as hard network market of favorable our efficiency us. combined a continued to flexibility, solid operations our and with in everyone. steady of and Thanks, work scale and performance end strategic support the good field leadership have demand
to Turning X. Slide
everything we Our day core which with safety, starts the is at of do.
perfect focuses major with motor vehicle our no incidents, violations. at-fault program OSHA XXX% days reportable the that throughout DOT accidents, know, and We strive days no for days, safety you no As on is organization. internal perfect
least recordable customers. Equally a represents of branch of total showcases In to the our quarter, days commitment as our people our and performance at that rate on second perfect. XX% branch-by-branch all our operations notable, incident achieved best-in-class measure, our
our a let X, shift me growth on Slide On progress update to strategies.
through locations from market expansion acquisitions. three the urban is greenfield initiatives locations quarter, and In new four One and acquisitions. to six of greenfield added network, the of second our locations, we locations XX key growth strategy our
XX As you high financial current in third in in were strategic in know, complement market, a branch all rental Lake Denver, cultural markets and in our the the Salt top growth focus the network on quarter, our companies filters. that XX Phoenix, acquisitions City, one general acquisition and and Of in top XX opportunities another the fit markets. MSAs, a top we
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little opportunities. $XXX and June Multiples for on strong companies. of pay less we’ve in we cash have invested companies up million Through a rental little net targeted We’ve acquisitions. to rental and this pipeline as million a a XXth, remain general year for $XXX again specialty more for acquisitions steady
In fact, market. month this acquisition in five on another we a closed top
density Our urban M&A networks. team is working increasing hard and of it’s our by paying branch the off
is now competency core a acquisition for us. Our process
our We’re while these new bolt-on businesses are creating and integrating to their our quickly and people Herc for welcome excited value customers. to teams
opportunities. share acquisitions, is a and specialty growing In investments demand fleet strategy our new the equipment increasing addition expanding key keeping to and our up with through core to
to XXXX both with demand. end accounts me first markets Slide Opportunities continue national XX, and increase. across from Revenue in let half. was growth On start the local strong
are supported entertainment. third exception is data. it our and We by it’s network party seeing The across studio
recall last anticipation contract the field on in slowing of productions started You’ll May studio late writers’ year X. renewal
about represented essentially entertainment down about X% we spoke, rental strike that a business. X% our last on Studio compared the ago. is Since with gone shut the revenue year in writers quarter have of second
the material equipment equipment, fleet booms as also the handling on type and sets. HVAC aerial of While such to painted and use lighting black and truly they generation, blend especially power only equipment some those that dedicated into projects, background grip
and a on to we out until of days a Guild writers’ fleet hadn’t quick relatively union and just much Today, or Based moved just strike out strike off work were XX the it history, negotiations. location studios result, the as Actors of resolution marks started expecting recently. the
longer stoppage much are now resources. So for specialty other reallocating and and we’re some work fleet the of managing prudently aerial a
Moving on investments. to fleet
and an year, OEC over imbalance While a issue. timing quarter between fleet year growth growth primarily revenue results our is reflect rental second this and average
year, talked decision the we accept became it about available. whenever late fleet we made new to As previously, last
challenging limited For XXXX utilization many getting continued the what OEMs, their significant the our more was run constraints. visibility to and high seasonal opportunities given extremely get production dates fleet matching categories than Fleet timing, been get with it. taking fulfillment, order times had equipment order causing needs on fleet can fulfillment when we we’ve we our XXXX in rise, delivery and to and can pushed rental tripled to through out,
the healthier where XXXX more has supply period challenging. from a standpoint an even been mix equipment are Now including deliveries and this up interim we in in and OEMs The of chain more getting coming you difficult are give XXXX. fleets unpredictability timing Pickup catch both get a backordered and necessarily an and were it’s example. as normalized. need I’ll quarter, but and XXXX to XXXX in when given equipment, we seasonality what demand not has trucks very especially in
last high Our running was on these year. utilization extremely
our quarter we year. more in In XXXX, come order, XXXX throughout received first ideally staggered entire would’ve of truck the the which
running capacity situation first and once, resolve absorb the can half in same the the example, well. once again. other strong as you categories to is experiencing softer truck able impossible to season. As equipment it’s that especially This but at been hole one excess is utilization imagine, We’ve that in we’re
going continuing fleet as Our work all fleet it’s of the management and rent on teams are on well. getting new seasonal increases demand to
and end have quarter. the supply realigned We the to expect third demand by of
this acquisitions this our mix projects, share As diversify infrastructure fleet continue manufacturing projects. fleet dynamic our market our the will to of and locations, network and we grow grow mega industry, in of support core
you can expenditures trending. fleet see disposals been Slide On XX, have and how
$XXX million quarter, at second last the totaled XX% in Our fleet with year. expenditures compared OEC higher about
to more $XXX we disposed in This we points than latest in almost selling more near at proceeds off as times year’s On across the paid channels the XXX flip by remain period. approach million OEC similar historical basis last margin three aggressive quarter. fleet of improved and dispositions highs side,
We to last fleet that not we means can still plans fleet have the equipment see are deliveries here, up you able two very new as and accelerating inventory. the Proceeds of of now because used over pent aged favorable constraints supply are chain been equipment rotate to much rotate used years having arrived. from sales have
we deliveries new at to we’ve end solution about million more received million easy where or originally an increase to based rotation by year planned about the of amount of fleet going on to that’s fleet for OEC, that $XXX probably able we’re $XXX year-to-date. So be
more about fleet fleet sales more capabilities will QX we that chain vendors, normal the Mark seen expect Between now planning we are inventories toward a later. moderating and guidance. improving. for seasonal deliveries, deliveries talk our that seasonally lower move schedule and higher of believe with fleet will net now supply discussions From will end fleet it’s XXXX CapEx return
to in education, as end revenue and second penetration and large national across a maintenance customer you addition well Slide utilities. our growth rental in a regional of and a accounts greenfield Local XX mix to variety America of needs up through and diverse, Herc’s made In due of contractors a are have we local building wide can markets. infrastructure, repair, see strategy, acquisitions equipment with quarter fleet, on which best-in-class growing that North XX% well-balanced of and accounts local operating range represented the as
mega to industrial we the privately petrochem, semiconductor, capitalize the into see beginning such accounts, organization large what expanded as funded of flow sales multi-year infrastructure EV, infrastructure and a national of renewables, projects, as federal project projects jobs mega LNG manufacturing our and and For pipeline space. on large professional These the represent booming a of facilities. and we dollars
capabilities, the in and the fleet substantially up rental expertise broad us sets our share fair location of digital more As one our network market’s of the growth. industry, than largest to management win capacity, players onsite
It’s for safety. excellence I customers execution Herc. a in professionalism want day. valuable shows every to our thank the services and up to to operational our differentiator of commitment for Their their team Herc single
Now, Mark. I’ll on pass the call to
