Welcome to our dedicated page for H&E Equipment Services news (Ticker: HEES), a resource for investors and traders seeking the latest updates and insights on H&E Equipment Services stock.
H&E Equipment Services, Inc. (symbol: HEES) is a well-established and integrated equipment dealership in the United States. Founded in 1961, the company has grown to become one of the largest equipment rental companies in the nation, currently ranking 8th on RER's list of top 100 equipment rental companies. H&E Equipment Services offers a comprehensive range of services including equipment rentals, sales of new and used equipment, parts, service, training, and crane remanufacturing.
The company is the largest dealer of Grove and Manitowoc cranes in the world and one of the largest Komatsu earthmoving dealerships in the United States. H&E's diverse portfolio includes high-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. The company's operations are divided into five principal business activities: equipment rentals, new equipment sales, sales of rental equipment, parts sales, and services.
H&E Equipment Services prides itself on its extensive network of stores located in key regions across the United States, including the Gulf Coast, Southeast, Mid-Atlantic, West Coast, Intermountain, and Southwest. This widespread presence ensures that H&E can provide prompt and efficient service to its diverse customer base. The corporate headquarters is situated in Baton Rouge, Louisiana.
In recent years, H&E Equipment Services has continued to expand its fleet, which is known for being among the youngest and most versatile in the industry. The company's superior equipment mix includes aerial work platforms, earthmoving equipment, material handling equipment, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies, positioning itself as a vital player in the construction and industrial sectors.
Financially, H&E Equipment Services derives the majority of its revenue from the equipment rentals segment. The company's strategic focus on providing high-quality equipment and comprehensive service solutions has enabled it to maintain strong financial health and a competitive edge in the market.
For the latest updates and relevant information about H&E Equipment Services, Inc., including performance, events, and developments, you can stay informed through their news section.
H&E Equipment Services (NASDAQ: HEES) has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.275 per share of common stock. The dividend will be paid on December 13, 2024, to stockholders of record as of the close of business on November 29, 2024.
H&E Equipment Services (NASDAQ: HEES) reported Q3 2024 financial results showing mixed performance. Total revenues declined 4.0% to $384.9 million, while net income decreased to $31.1 million from $48.9 million year-over-year. Despite industry headwinds, rental revenues grew 2.8% to $288.1 million. The company achieved significant branch expansion, adding eight new locations in Q3, bringing total coverage to 157 locations across 32 states. Key metrics showed some weakness with average time utilization at 67.6% (down from 70.0%) and rental rates declining 0.1% year-over-year. The company's rental fleet reached nearly $3.0 billion in original equipment cost, an 8.1% increase from Q3 2023.
H&E Equipment Services, Inc. (NASDAQ: HEES), operating as H&E Rentals, has announced the release date for its 2024 third quarter financial results. The company will disclose the results before the market opens on Tuesday, October 29, 2024. Additionally, H&E Rentals will host a conference call to discuss these results on the same day at 10:00 a.m. Eastern Time.
Interested parties can join the call by dialing 844-887-9400 approximately 10 minutes before it starts. A telephonic replay will be available from 1:00 p.m. Eastern Time on October 29, 2024, until November 12, 2024, by calling 877-344-7529 with the confirmation code 3897091.
The quarterly conference call will also be broadcast live online at www.he-equipment.com on October 29, 2024, at 10:00 a.m. Eastern Time and will remain accessible for 30 days. Related presentation materials will be posted in the "Investor Relations" section of the company's website prior to the call in Adobe Acrobat format.
H&E Equipment Services (NASDAQ: HEES), operating as H&E Rentals, has announced the release date for its 2024 third quarter financial results. The company will publish its results on Tuesday, October 29, 2024, before the market opens. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. Eastern Time.
Interested parties can join the call by dialing 844-887-9400 approximately 10 minutes before the start time. A telephonic replay will be available from 1:00 p.m. Eastern Time on October 29, 2024, until November 12, 2024, by dialing 877-344-7529 with the confirmation code 3897091.
The quarterly conference call will also be broadcast live on the company's website, www.he-equipment.com, starting at 10:00 a.m. Eastern Time on July 30, 2024, and will remain available for 30 days. Related presentation materials will be posted in the "Investor Relations" section of the website prior to the call in Adobe Acrobat format.
H&E Equipment Services (NASDAQ: HEES) has declared a regular quarterly cash dividend of $0.275 per share of common stock. The dividend will be paid on September 13, 2024, to stockholders of record as of the close of business on August 28, 2024. This announcement, made by the company's Board of Directors on August 12, 2024, demonstrates H&E Equipment Services' commitment to providing consistent returns to its shareholders. The quarterly dividend payout reflects the company's financial stability and confidence in its ongoing operations.
H&E Equipment Services (NASDAQ: HEES) reported its Q2 2024 financial results, showing revenue growth of 4.5% to $376.3 million. Net income decreased to $33.3 million from $41.2 million in Q2 2023. Adjusted EBITDA increased by 2.8% to $173.2 million. The company's rental revenues grew 6.5% to $275.5 million, driven by branch network expansion. H&E opened six new branches in Q2, bringing its total to 149 locations across 31 states. The company maintained its 2024 gross fleet expenditure guidance of $350-400 million. Despite challenges in the construction industry, H&E sees opportunities in mega projects and increased infrastructure funding.
H&E Equipment Services (NASDAQ: HEES) has announced the release date for its 2024 second quarter financial results. The company will disclose the results before the market opens on Tuesday, July 30, 2024. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. Eastern Time.
Interested parties can dial 844-887-9400 to participate in the call. A telephonic replay will be available from 1:00 p.m. Eastern Time on July 30, 2024, until August 6, 2024, by dialing 877-344-7529 and entering the confirmation code 4716329. Additionally, a live broadcast of the quarterly conference call will be accessible online at www.he-equipment.com, starting at 10:00 a.m. Eastern Time on July 30, 2024, and will remain available for 30 days.
H&E Equipment Services (NASDAQ: HEES) announced a regular quarterly cash dividend.
The Board of Directors declared a dividend of $0.275 per share on May 16, 2024.
This dividend will be paid on June 14, 2024, to stockholders of record as of May 30, 2024.
H&E Equipment Services, Inc. announced the completion of acquiring Lewistown Rental and its affiliated companies, expanding its presence in Montana. The acquisition included equipment worth $28.5 million, boosting the company's geographic reach and service capabilities.
H&E Equipment Services, Inc. (NASDAQ: HEES) reported Q1 2024 results with revenue increasing by 15.2% to $371.4 million and net income reaching $25.9 million. The company saw growth in rental revenues, sales of rental equipment, and sales of new equipment. Gross profit improved by 16.6%, and Adjusted EBITDA increased by 13.1% to $161.7 million. The rental fleet expanded by 15.7% to over $2.8 billion. Despite SG&A expenses rising by 19.9%, income from operations grew to $52.0 million. Interest expense rose to $18.4 million, leading to a net income of $25.9 million. Adjusted EBITDA margin was 43.6%. The company revised its capital expenditure guidance for 2024 to $350-400 million. Industry prospects are stable with a focus on branch expansion and fleet growth.
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