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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, Inc. (NASDAQ: HEES) reported strong second quarter 2022 results with revenues increasing 10.9% to $294.7 million and net income rising to $27.9 million, up from $12.3 million in Q2 2021. The company achieved record rental revenue of $227.6 million, a 29.6% increase year-over-year. Adjusted EBITDA also reached a record $121.9 million, representing a margin of 41.4%. Despite a significant decrease in used equipment sales by 47.4%, rental margins improved. The company declared a quarterly cash dividend of $0.275 per share and plans to expand branches despite supply chain challenges.
H&E Equipment Services (NASDAQ: HEES) is set to release its 2022 second quarter financial results on July 28, 2022, ahead of market opening. A conference call will follow at 10:00 a.m. ET to discuss the results, with participants encouraged to dial in early. A telephonic replay of the call will be available post-event until August 4, 2022. The call will also be live-streamed on the company's website, where presentation materials will be accessible for 30 days.
H&E Equipment Services, Inc. (NASDAQ: HEES) announced a quarterly cash dividend of $0.275 per share, payable on June 10, 2022, to stockholders of record by May 27, 2022. This decision reflects the company's commitment to returning value to its shareholders. Established in 1961, H&E is one of the largest rental equipment firms, providing services across high-growth regions in North America. The press release also highlights forward-looking statements regarding potential risks, including the impact of COVID-19 and economic uncertainties, affecting the construction market.
H&E Equipment Services, Inc. (NASDAQ: HEES) announced CEO Brad Barber will participate in a fireside chat at the Wells Fargo Industrials Conference on May 4, 2022, at 9:20 AM EST. Investors can access the event through a link on the company's website. Established in 1961, H&E is one of the largest rental equipment firms in the U.S., featuring a modern and versatile fleet that includes aerial work platforms and earthmoving equipment. The company serves various high-growth markets across the nation.
H&E Equipment Services, Inc. (HEES) reported a substantial increase in Q1 2022 results, with revenues rising 13.3% to $272.5 million from $240.4 million in Q1 2021. Net income jumped to $16.3 million, compared to $1.9 million in the prior year. Adjusted EBITDA surged 34.5% to $103.4 million, representing 38.0% of revenues. Equipment rental revenues reached $199.2 million, a 30.0% increase year-over-year. The company’s rental fleet value grew to over $1.9 billion, up 13% from Q1 2021. A quarterly cash dividend of $0.275 per share was also declared.
H&E Equipment Services, Inc. (NASDAQ: HEES) will release its 2022 first quarter financial results on April 27, 2022, before the market opens. A conference call will be held on the same day at 10:00 a.m. (Eastern Time) to discuss the results. Participants can dial 844-887-9400 to listen in. An online broadcast of the call will also be available on the company’s website, along with presentation materials, which will be accessible for 30 days.
H&E Equipment Services (NASDAQ: HEES) reported strong fourth-quarter and full-year results for 2021, highlighting a 5.1% revenue increase to $281.3 million. Net income improved significantly to $21.7 million compared to a loss of $21.3 million a year earlier. Adjusted EBITDA rose 18.4% to $110.4 million, with rental revenues surging 25.1% to $203.7 million. Despite a 34.3% drop in used equipment sales, gross margin improved to 42.0%. The company plans a record $550-$600 million capital expenditure in 2022 to expand its rental fleet, expecting continued strong demand in the non-residential construction market.
H&E Equipment Services, Inc. (NASDAQ: HEES) has declared a quarterly cash dividend of $0.275 per share, set to be paid on March 18, 2022, to stockholders of record as of the close of business on March 1, 2022. Established in 1961, H&E is a leading equipment rental company, with a diverse fleet serving various high-growth markets across North America. The company is known for its younger and versatile equipment mix, including aerial work platforms and material handling equipment.
BATON ROUGE, La., Feb. 10, 2022 – H&E Equipment Services (NASDAQ: HEES) will release its 2021 fourth quarter financial results before the market opens on February 24, 2022. A conference call will follow at 10:00 a.m. (Eastern Time) to discuss these results. Participants can listen in by calling 844-887-9400. A replay will be available post-call until March 3, 2022. The live broadcast will be accessible on H&E Equipment’s website, along with related presentation materials, which will be posted in the Investor Relations section.
H&E Equipment Services, Inc. (NASDAQ: HEES) has announced that CEO Brad Barber will present at the Furey Research Partners 2021 Hidden Gems Conference on November 18, 2021. Although the presentation will not be available via webcast, it will be accessible on the company's website under the Investor Relations tab on the morning of the event. H&E Equipment, founded in 1961, is a leading rental equipment company operating across 24 states, offering a diverse range of equipment in high-growth markets, including the Pacific Northwest and the Gulf Coast.
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