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H&E Equipment Services, Inc. - HEES STOCK NEWS

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.

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H&E Equipment Services, Inc. announced the release of its 2024 first quarter financial results on April 30, 2024, along with a conference call to discuss the results. Participants can listen to the call by dialing 844-887-9400. A telephonic replay will be available until May 7, 2024. The live broadcast of the conference call will be accessible online at www.he-equipment.com.
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H&E Equipment Services, Inc. (HEES) announced the acquisition of Lewistown Rental and its affiliated operations in Montana, expanding its equipment rental business. The $28.5 million transaction is set to close in Q2 2024, enhancing H&E's presence in non-residential, industrial, and agricultural markets.
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H&E Equipment Services, Inc. (HEES) reported impressive financial performance for Q4 2023 and full year 2023 with record revenues, net income, and adjusted EBITDA. The company achieved strong margin appreciation and strategic expansion. Rental revenues and margins showed significant growth, while sales of new equipment declined. The company's fleet investment and branch expansion plans indicate positive outlook for 2024.
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H&E Equipment Services, Inc. (NASDAQ: HEES) will release its 2023 fourth quarter financial results on February 22, 2024, followed by a conference call. Participants can listen to the call live online or via phone.
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H&E Equipment Services, Inc. (HEES) declares a quarterly cash dividend of $0.275 per share of common stock, payable on March 15, 2024, to stockholders of record as of February 23, 2024.
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H&E Equipment Services, Inc. (NASDAQ: HEES) completes acquisition of Precision Rentals, adding $70 million in equipment and expanding branch network by 16% in Phoenix and Denver metropolitan areas.
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H&E Equipment Services, Inc. (NASDAQ: HEES) has announced the acquisition of Precision Rentals, a company with a fleet size of approximately $70 million and an average fleet age of 37 months. The transaction is expected to close in the first quarter of 2024, expanding H&E's customer base and branch network in Phoenix and Denver metropolitan areas.
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H&E Equipment Services, Inc. (NASDAQ: HEES) declares $0.275 quarterly cash dividend, payable on December 15, 2023
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H&E Equipment Services, Inc. has acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. The acquisition includes three branch locations and a fleet size of approximately $13.4 million. This acquisition increases H&E's branch density in Central and Southern California and expands their rental fleet within the existing branch structure. H&E now has 135 branch locations in 30 states, including 15 locations in California.
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H&E Equipment Services reports strong Q3 2023 results with record adjusted EBITDA of $189.1 million, representing a 36.2% increase compared to Q3 2022. Revenues increased by 23.6% to $400.7 million. The company's rental fleet grew by 27.6% to $2.7 billion. Gross margin improved to 47.0%.
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FAQ

What is the current stock price of H&E Equipment Services (HEES)?

The current stock price of H&E Equipment Services (HEES) is $47.97 as of January 6, 2025.

What is the market cap of H&E Equipment Services (HEES)?

The market cap of H&E Equipment Services (HEES) is approximately 1.8B.

What does H&E Equipment Services, Inc. do?

H&E Equipment Services, Inc. rents, sells, and provides parts and services for heavy construction and industrial equipment.

When was H&E Equipment Services, Inc. founded?

H&E Equipment Services, Inc. was founded in 1961.

Where is the headquarters of H&E Equipment Services, Inc.?

The corporate headquarters of H&E Equipment Services, Inc. is located in Baton Rouge, Louisiana.

What types of equipment does H&E Equipment Services, Inc. offer?

H&E Equipment Services offers aerial work platforms, cranes, earthmoving equipment, industrial lift trucks, and more.

What are the main business activities of H&E Equipment Services, Inc.?

The main business activities include equipment rentals, new equipment sales, sales of rental equipment, parts sales, and services.

Where does H&E Equipment Services, Inc. have stores?

H&E has stores in regions including the Gulf Coast, Southeast, Mid-Atlantic, West Coast, Intermountain, and Southwest.

What is the ranking of H&E Equipment Services, Inc. among equipment rental companies?

H&E Equipment Services is ranked 8th on RER's list of top 100 equipment rental companies in the nation.

Which brands is H&E Equipment Services, Inc. an authorized dealer for?

H&E is the largest dealer of Grove and Manitowoc cranes in the world and a large dealer of Komatsu earthmoving equipment in the U.S.

What segment contributes most to H&E Equipment Services, Inc.'s revenue?

The equipment rentals segment contributes the majority of H&E Equipment Services, Inc.'s revenue.

How can I contact H&E Equipment Services, Inc. for investor relations?

You can contact Leslie S. Magee, CFO at 225-298-5261 or via email at lmagee@he-equipment.com, and Jeffrey L. Chastain, VP of Investor Relations at 225-952-2308 or jchastain@he-equipment.com.
H&E Equipment Services, Inc.

Nasdaq:HEES

HEES Rankings

HEES Stock Data

1.81B
32.02M
12.55%
80.87%
3.42%
Rental & Leasing Services
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United States of America
BATON ROUGE