H&E Equipment Services

H&E Equipment Services, Inc. engages in the provision of equipment services which focused on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment rents construction and industrial equipment. The New Equipment Sales segment sells new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins its equipment customers and through purchases of high quality used equipment. The Parts Sales segment consists of new and used parts for the equipment and rental fleet. The Services segment operation provides maintenance and repair services for customers equipment and to rental fleet. The company was founded by Tom Engquist and Frank Head in 1961 and is headquartered in Baton Rouge, LA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

H&E Equipment Services (HEES) reports strong Q4 performance and eyes growth opportunities

H&E Equipment Services (HEES) delivered a robust Q4 2022 performance with significant revenue growth, improved margins, and strategic acquisitions, positioning the company for future expansion.
Despite challenges like supply chain disruptions and integration impacts, HEES remains focused on enhancing operational efficiency, pricing strategies, and capitalizing on growth opportunities in the construction industry.
With a strong liquidity position, record fleet investments, and positive industry outlook, HEES is well-positioned to capitalize on market trends, drive growth, and deliver value to shareholders.

H&E Equipment Services posts strong Q1 results, eyes strategic growth

HEES delivered a robust Q1 performance with revenue and profitability growth, underpinned by strategic pricing gains and fleet expansion.
While facing challenges like margin pressures and rising expenses, the company's strong liquidity, disciplined growth approach, and fleet optimization strategies offer resilience.
Opportunities lie in targeted acquisitions, branch expansions, and fleet management enhancements, positioning HEES for sustained growth and operational efficiency.

H&E Equipment Services excels in Q2, eyes growth amid challenges

H&E Equipment Services delivered strong financial performance in Q2 2023, driven by record revenues and operational improvements.
While facing challenges such as margin impacts and facility constraints, the company remains optimistic about growth opportunities.
Revised growth targets, strategic CapEx deployment, and confidence in rental business expansion underscore a positive outlook for H&E.
Analysts' inquiries focused on CapEx impact, regional performance, and store expansion plans, reflecting investor interest in H&E's strategy.

H&E Equipment Services achieves record Q3 performance and eyes strategic growth

H&E Equipment Services reports record financial performance in Q3 2023, showcasing strong revenue growth, margin improvement, and strategic expansion plans. The company remains optimistic about industry demand and aims for disciplined growth while maintaining high margins.

H&E Equipment Services excels in Q4 2023, eyes strategic growth

H&E Equipment Services reported robust Q4 2023 performance with revenue growth, margin improvement, and strategic achievements. The company's focus on specialty equipment, fleet management, and market expansion underscores its commitment to sustainable growth and operational excellence.
While facing challenges such as market fluctuations and capital allocation decisions, H&E Equipment Services remains optimistic about 2024. Leveraging opportunities in industry growth, acquisitions, and specialty equipment positions the company for continued success and value creation.

H&E Equipment Services reports robust Q1 earnings amidst industry challenges

H&E Equipment Services delivered a strong Q1 2024 performance with notable revenue growth and operational efficiency despite industry headwinds and operational challenges.
The company's financial strength, growth initiatives, and commitment to dividends position it well for future expansion and value creation for shareholders.
While facing challenges from industry trends and operational complexities, H&E Equipment Services remains focused on optimizing performance and seizing growth opportunities.
Overall, the Q1 earnings call highlighted a resilient business model, strategic focus on growth, and a commitment to delivering shareholder value through operational excellence.

H&E Equipment Services reports revenue growth amidst operational challenges

H&E Equipment Services reported a mixed performance in Q2 2024, with revenue growth in rentals but challenges in equipment sales and fleet utilization.
Despite facing headwinds in nonresidential spending, the company remains optimistic about the construction industry and its growth prospects.
With a focus on generating free cash flow, maintaining liquidity, and pursuing expansion, H&E Equipment Services aims to navigate challenges and capitalize on market opportunities.

H&E Equipment Services reports Q3 revenue decline but eyes growth

H&E Equipment Services faced revenue challenges but showed strength in fleet growth and financial stability.
Margin pressures and increased expenses pose challenges, while expansion efforts and positive industry outlook offer opportunities.
Analysts' inquiries reflect a keen interest in strategic aspects that could impact the company's performance and market position.
Overall, H&E Equipment Services navigated Q3 2024 with a mix of performance setbacks and strategic strengths.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

H&E Equipment Services, Inc. engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment. The New Equipment Sales segment is involved in selling new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins and through purchases of high quality used equipment. The Parts Sales segment includes new and used parts for the equipment and rental fleet. The Services segment operation provides maintenance and repair services for customers’ equipment and to rental fleet. The company was founded by Tom Engquist and Frank Head in 1961 and is headquartered in Baton Rouge, LA.

HEES is well-positioned to grow sales by 7-8% annually until FY'26E in my view. Competitive advantages include high capital turnover, modest margins, and efficient cash conversion, sustaining current earnings growth. Management's strategic investments and expansion plans, coupled with attractive valuations, support a $65-$70/share target.

H&E Equipment Services: Earnings Understate Cash Production

Boeing

DXP Enterprises

Eaton

MRC Global

The industrials sector has been in a period of contraction for most of 2023 and 2024, with sharply mixed performance among different companies during that time. Some firms have thrived, like power management giant Eaton Corp. plc NYSE: ETN, with its nearly 50% returns in the year leading to December 13, 2024.

3 Best Industrials Sector Picks for Long-Term Investors in 2025

BATON ROUGE, La., Nov. 15, 2024 (GLOBE NEWSWIRE) --  H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a "H&E Rentals") announced that its Board of Directors declared a regular quarterly cash dividend on November 15, 2024, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on December 13, 2024, for stockholders of record as of the close of business on November 29, 2024.

H&E Rentals Reports Quarterly Cash Dividend

H&E Equipment Services, Inc. (NASDAQ:HEES ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Jeff Chastain - VP, IR Bradley Barber - CEO Leslie Magee - CFO & Corporate Secretary John Engquist - President & COO Conference Call Participants Steven Fisher - UBS Steven Ramsey - Thompson Research Group Timothy Thein - Raymond James Alex Rygiel - B. Riley Katherine Fleischer - KeyBanc Capital Markets Operator Good morning, and welcome to H&E Equipment Services Third Quarter 2024 Earnings Conference Call.

H&E Equipment Services, Inc. (HEES) Q3 2024 Earnings Call Transcript

H&E Equipment (HEES) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.46 per share a year ago.

H&E Equipment (HEES) Q3 Earnings and Revenues Lag Estimates

BATON ROUGE, La., Oct. 29, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a "H&E Rentals") today reported financial results for the third quarter ended September 30, 2024. The report includes the Company's branch expansion achievements, with the addition of eight new locations in the third quarter, expanding the Company's branch network to 157 locations across 32 states.

H&E Rentals Reports Third Quarter 2024 Results

BATON ROUGE, La., Oct. 22, 2024 (GLOBE NEWSWIRE) -- In the release issued under the same headline on Tuesday, October 22nd, by H&E Equipment Services, Inc. (NASDAQ: HEES) ("H&E", the "Company", d/b/a "H&E Rentals"), please note in the first sentence of the second paragraph, the date for the live broadcast should be October 29th, not July 30th. The corrected release follows:

CORRECTION: H&E Rentals Announces 2024 Third Quarter Earnings and Conference Call Date

BATON ROUGE, La., Oct. 22, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a “H&E Rentals”) today announced that it will release its 2024 third quarter financial results before the market on Tuesday, October 29, 2024. The Company will also hold a conference call to discuss third quarter results on Tuesday, October 29, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 29, 2024, and will continue through November 12, 2024, by dialing 877-344-7529 and entering the confirmation code 3897091.

H&E Rentals Announces 2024 Third Quarter Earnings and Conference Call Date

BATON ROUGE, La., Aug. 13, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) announced that its Board of Directors declared a regular quarterly cash dividend on August 12, 2024, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on September 13, 2024, for stockholders of record as of the close of business on August 28, 2024.

H&E Equipment Services Reports Quarterly Cash Dividend

H&E Equipment Services, Inc. (NASDAQ:HEES ) Q2 2024 Earnings Call Transcript July 30, 2024 10:00 AM ET Company Participants Jeff Chastain - VP of IR Brad Barber - CEO Leslie Magee - CFO and Corporate Secretary John Engquist - President and COO Conference Call Participants Tim Thein - Raymond James Sherif El-Sabbahy - Bank of America Stanley Elliott - Stifel Steven Ramsey - Thompson Research Group Avi Jaroslawicz - UBS Alex Rygiel - B. Riley Sean Wondrack - Deutsche Bank Operator Good morning, and welcome to the H&E Equipment Services Second Quarter 2024 Earnings Conference Call.

H&E Equipment Services, Inc. (HEES) Q2 2024 Earnings Call Transcript

H&E Equipment (HEES) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.14 per share a year ago.

H&E Equipment (HEES) Q2 Earnings and Revenues Miss Estimates

BATON ROUGE, La., July 30, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”) today reported financial results for the second quarter ended June 30, 2024, including further expansion of its branch network which now extends to 31 states.

H&E Equipment Services, Inc. Reports Second Quarter 2024 Results

NEW YORK, NY / ACCESSWIRE / July 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

Investors Who Lost Money on H&E Equipment Services, Inc. Should Contact Levi & Korsinsky About an Ongoing Investigation - HEES

NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

Shareholder Rights Advocates at Levi & Korsinsky Investigate H&E Equipment Services, Inc. (HEES) Regarding Possible Securities Fraud Violations

NEW YORK, NY / ACCESSWIRE / July 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

H&E Being Investigated on Behalf of H&E Equipment Services, Inc. Investors. Contact Levi & Korsinsky For Details

BATON ROUGE, La., July 23, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc., (“H&E”) (NASDAQ: HEES) today announced that it will release its 2024 second quarter financial results before the market on Tuesday, July 30, 2024. The Company will also hold a conference call to discuss second quarter results on Tuesday, July 30, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on July 30, 2024, and will continue through August 6, 2024, by dialing 877-344-7529 and entering the confirmation code 4716329.

H&E Equipment Services Announces 2024 Second Quarter Earnings and Conference Call Date

NEW YORK, NY / ACCESSWIRE / July 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

H&E Equipment Services, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - HEES

H&E Equipment Services, Inc. is an equipment rental company in the U.S. with a strong presence in the industrially active Sun Belt region. Secular growth tailwinds from infrastructure spending and HEES' subsequent margin growth had added an est. $47K in NOPAT per employee since FY'21. Valuations are compressed with scope for multiples expansion and repricing into the $60s.

H&E Equipment Services: Unfairly Punished Equipment Rental Play With Catalysts

NEW YORK, NY / ACCESSWIRE / July 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

HEES STOCK ALERT: Levi & Korsinsky Notifies H&E Equipment Services, Inc. Investors of an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / July 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

Investors who Lost Money on H&E Equipment Services, Inc. Should Contact Levi & Korsinsky About an Ongoing Investigation - HEES

H&E Equipment (HEES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: H&E Equipment (HEES) Q2 Earnings Expected to Decline

NEW YORK, NY / ACCESSWIRE / July 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

Levi & Korsinsky Reminds Shareholders of an Investigation into H&E Equipment Services, Inc. (HEES) Regarding Potential Securities Fraud Allegations

H&E Equipment (HEES) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Strength Seen in H&E Equipment (HEES): Can Its 7.5% Jump Turn into More Strength?

NEW YORK, NY / ACCESSWIRE / July 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

H&E Equipment Services, Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by H&E (HEES)

NEW YORK, NY / ACCESSWIRE / July 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES) concerning possible violations of federal securities laws. On February 22, 2024, H&E released its Q4-2023 earnings in which the Company's officers presented an "optimistic" outlook for the Company's financials in 2024.

News for H&E Equipment Services Stock (HEES)