Herc Holdings Inc.

Thank you for standing by. My name is Rebecca and I will be your conference operator today. At this time, I would like to welcome everyone to the Herc Holdings Incorporated first quarter, 2026 earnings call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, Simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I will now turn the call over to Leslie Hunziker, Head of Investor Relations. Please go ahead.

Thank you, Operator, and good morning, everyone. Today we're reviewing our first quarter 2026 results with comments on operations and our financials, including our view of the industry and our strategic outlook. The prepared remarks will be followed by Q&A. Let me remind you that today's call will include forward-looking statements. These statements are based on the environment as we see it today and are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to the factors identified in the press release, our Form 10-Q, and in our most recent annual report on Form 10-K, as well as other filings with the SEC. In addition, we'll be discussing non-GAAP information that we believe is useful in evaluating the company's operating performance. Reconciliations for these non-GAAP measures to the closest GAAP equivalent can be found in the conference call materials. Finally, please mark your calendars to join our second quarter management meeting at the Bank of America Industrials Conference in New York on May 12th, the KeyBank Industrials and Basic Materials Conference in Boston on May 27th, and the Wells Fargo Industrials Conference in Chicago on June 9th. This morning, I'm joined by Larry Silber, Chief Executive Officer, Aaron Birnbaum, President, and Mark Humphrey, Senior Vice President and Chief Financial Officer. I'll now turn the call over to Larry.

Thank you, Leslie, and good morning, everyone. I'm pleased to report that with the completion of our branch optimization program, the integration of H&E Equipment Services, the largest acquisition in our industry, is now complete. Integration was an enormous undertaking. and I could not be prouder of this team. And the strength of our culture is what gives me confidence in what comes next. For the third consecutive year, Herk Reynolds has earned the Great Place to Work certification based on independent employee survey results. What makes this recognition especially meaningful this year is the context. Large acquisitions are disruptive by nature. We brought approximately 2,500 new employees into the Herk family. people facing new systems, new processes, and a new way of doing things. Based on the survey's feedback, our new colleagues recognized our strong culture through change management support, peer mentoring, and the extensive training and tools they received throughout the integration. And now they recognize the opportunity in front of them. With integration behind us, our focus shifts fully and decisively to leveraging our new scale to drive growth and efficiencies through execution. We have a larger platform, a stronger team, and a broader set of capabilities than at any point in our history. The work ahead is about unlocking the full potential of our platform, winning more business, serving customers better, and delivering stronger returns for our shareholders. Now, turning to slide number five, with a 30% larger branch network, We are optimizing fleet mixed by market, driving network density, and capturing the operating efficiency that come with scale. Fleet efficiency, employee productivity, and margin improvement are the goals. Second, we are enhancing our fleet mix, and specialty solutions is a standout area of focus. Double-digit specialty revenue growth in the quarter reflects targeted fleet investments 25% more specialty locations, and strong demand for megaprojects, cross-selling, and the continued structural shift from equipment ownership to rental. Third, we are advancing our industry-leading digital capabilities through ProControl by Herc Rentals. Advanced technology features from fleet utilization insights and equipment location tracking to our patented mobile access controls and remote operation gives customers the tools to run safer, more efficient job sites. And our e-commerce platform continues to gain traction, delivering a seamless omnichannel experience with 24-7 self-service and personalized interactions. E-commerce revenue reached an all-time record high in the first quarter, a clear signal that our customers value the flexibility to do business with us however and whenever it works best for them. As always, we lead through continuous improvement with our E3 operating systems, built on a foundation of standardized processes, superior customer experiences, and a relentless focus on execution across our expanded network. And finally, as prudent stewards of capital, we invest responsibly. We took on incremental debt to acquire H&E, a deliberate decision to accelerate our scale and long-term earnings power. We expect to return to the top of our targeted two to three times leverage ratio by year end 2027. Our path to deleveraging is clear. As we capture the full run rate of our synergy target, EBITDA grows, free cash flow builds, and leverage comes down. Now, let me turn it over to Aaron to talk about our operational performance. Aaron?