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.
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.
