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 (NASDAQ: HEES) operates as a leading integrated equipment services provider, specializing in rentals, sales, and maintenance for construction and industrial sectors. This news hub delivers timely updates on corporate developments directly affecting market participants.
Access consolidated coverage of earnings announcements, strategic acquisitions, fleet expansions, and leadership changes. Our repository ensures investors and industry professionals stay informed about material events influencing HEES's position in the equipment rental market.
Key updates include quarterly financial results, major contract awards, equipment inventory changes, and sustainability initiatives. All content is sourced from official company communications and reputable financial publications to ensure reliability.
Bookmark this page for streamlined tracking of HEES's operational milestones and market-moving developments. Combine this resource with our financial analysis tools for comprehensive investment research.
United Rentals (NYSE: URI) has announced a definitive agreement to acquire H&E Equipment Services for $92 per share in cash, representing a total enterprise value of approximately $4.8 billion, including $1.4 billion of net debt.
H&E, founded in 1961, operates approximately 160 branches across 30+ U.S. states with 2,900 employees and $2.9 billion in rental fleet at original cost. The company generated $696 million in adjusted EBITDA on revenues of $1.518 billion, with a 45.8% margin over the trailing 12 months through September 2024.
The acquisition will expand United Rentals' fleet by almost 64,000 units and is expected to generate $130 million in annual cost synergies within 24 months and $120 million in revenue synergies by year three. The transaction is expected to close in Q1 2025, subject to customary conditions including regulatory approval. The deal includes a 35-day "go-shop" period through February 17, 2025.
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.
