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H&E Equipment Services Inc - HEES STOCK NEWS

Welcome to our dedicated news page for H&E Equipment Services (Ticker: HEES), a resource for investors and traders seeking the latest updates and insights on H&E Equipment Services.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect H&E Equipment Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of H&E Equipment Services's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.59%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.61%
Tags
acquisition
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
acquisition
-
Rhea-AI Summary
H&E Equipment Services, Inc. (NASDAQ: HEES) declares $0.275 quarterly cash dividend, payable on December 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
acquisition
-
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
earnings
-
Rhea-AI Summary
H&E Equipment Services to release 2023 Q3 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.09%
Tags
earnings
Rhea-AI Summary
H&E Equipment Services, Inc. CEO to participate in TD Cowen 16th Annual Global Transportation Conference on Sept. 6, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
conferences
H&E Equipment Services Inc

Nasdaq:HEES

HEES Rankings

HEES Stock Data

2.36B
31.37M
12.54%
78.14%
1.63%
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Real Estate and Rental and Leasing
Link
US
Baton Rouge

About HEES

established in 1961, h&e equipment services is one of the largest integrated equipment dealerships in the united states − currently ranking 8th on rer's list of top 100 equipment rental companies in the nation. h&e is the largest grove and manitowoc crane dealer in the world, and one of the largest komatsu earthmoving dealerships in the united states. as a full-service operation, h&e provides just what you would expect from a dealer, including equipment rental, new & used earthmoving, compaction, paving, heavy, material handling and industrial equipment sales, heavy equipment parts, construction equipment service, training and crane remanufacturing. h&e has stores throughout the united states with facilities conveniently located in the gulf coast, southeast, mid-atlantic, west coast, intermountain and southwest regions offering new and used sales, parts, rentals and service. our corporate headquarters is based in baton rouge, louisiana. h&e is the authorized dealer for the follow