H&E Rentals Provides Update on Quarterly Cash Dividend
H&E Equipment Services (NASDAQ: HEES) announced that its Board of Directors has decided to skip the regular quarterly cash dividend that was scheduled for payment in June 2025. This decision comes as the company continues to progress with its pending merger with Herc Holdings, Inc., which is anticipated to close in early-June 2025.
H&E Equipment Services (NASDAQ: HEES) ha comunicato che il suo Consiglio di Amministrazione ha deciso di non erogare il dividendo trimestrale in contanti previsto per giugno 2025. Questa decisione arriva mentre l'azienda prosegue con la sua fusione in corso con Herc Holdings, Inc., che si prevede sarà completata a inizio giugno 2025.
H&E Equipment Services (NASDAQ: HEES) anunció que su Junta Directiva ha decidido no pagar el dividendo trimestral en efectivo programado para junio de 2025. Esta decisión se toma mientras la compañía avanza con su fusión pendiente con Herc Holdings, Inc., la cual se espera que se cierre a principios de junio de 2025.
H&E Equipment Services (NASDAQ: HEES)는 이사회의 결정에 따라 2025년 6월에 예정된 정기 분기 현금 배당을 건너뛰기로 했다고 발표했습니다. 이 결정은 회사가 Herc Holdings, Inc.와의 진행 중인 합병을 계속 추진하고 있으며, 이는 2025년 6월 초에 완료될 것으로 예상되기 때문입니다.
H&E Equipment Services (NASDAQ : HEES) a annoncé que son conseil d'administration a décidé de ne pas verser le dividende trimestriel en espèces prévu pour juin 2025. Cette décision intervient alors que la société poursuit sa fusion en cours avec Herc Holdings, Inc., dont la clôture est prévue pour début juin 2025.
H&E Equipment Services (NASDAQ: HEES) gab bekannt, dass der Vorstand beschlossen hat, die für Juni 2025 geplante reguläre vierteljährliche Bardividende auszusetzen. Diese Entscheidung fällt, während das Unternehmen weiterhin an der ausstehenden Fusion mit Herc Holdings, Inc. arbeitet, die voraussichtlich Anfang Juni 2025 abgeschlossen wird.
- Merger with Herc Holdings progressing as planned towards early-June 2025 closing
- Suspension of quarterly cash dividend payment for June 2025
- Temporary loss of dividend income for shareholders
BATON ROUGE, La., May 19, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a "H&E Rentals") today announced at its recent quarterly meeting, the Company’s Board of Directors elected not to declare a regular quarterly cash dividend scheduled for payment to stockholders in June 2025. The decision follows continued progress with H&E’s pending merger transaction with Herc Holdings, Inc., which is expected to close in early-June 2025.
About H&E Rentals
Founded in 1961, H&E is one of the largest rental equipment companies in the nation. The Company’s fleet is comprised of aerial work platforms, earthmoving, material handling, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies and has branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.
Forward-Looking Statements
Statements contained in this press release that are not historical facts, including statements about H&E’s beliefs and expectations, are “forward-looking statements” within the meaning of the federal securities laws. Statements containing the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend,” “foresee” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following: (1) general economic and geopolitical conditions in North America and elsewhere throughout the globe and construction and industrial activity in the markets where we operate in North America; (2) our ability to forecast trends in our business accurately, and the impact of economic downturns and economic uncertainty on the markets we serve (including as a result of current uncertainty due to inflation and increasing interest rates); (3) the impact of conditions in the global credit and commodity markets and their effect on construction spending and the economy in general; (4) trends in oil and natural gas which could adversely affect the demand for our products and services; (5) our inability to obtain equipment and other supplies for our business from our key suppliers on acceptable terms or at all, as a result of supply chain disruptions, insolvency, financial difficulties, supplier relationships or other factors; (6) increased maintenance and repair costs as our fleet ages and decreases in our equipment’s residual value; (7) risks related to a global pandemic and similar health concerns, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response to the pandemic, material delays and cancellations of construction or infrastructure projects, labor shortages, supply chain disruptions and other impacts to the business; (8) our indebtedness; (9) risks associated with the expansion of our business and any potential acquisitions we may make, including any related capital expenditures, or our ability to consummate such acquisitions; (10) our ability to integrate any businesses or assets we acquire; (11) competitive pressures; (12) security breaches, cybersecurity attacks, increased adoption of artificial intelligence technologies, failure to protect personal information, compliance with data protection laws and other disruptions in our information technology systems; (13) adverse weather events or natural disasters; (14) risks related to climate change and climate change regulation; (15) compliance with laws and regulations, including those relating to environmental matters, corporate governance matters and tax matters, as well as any future changes to such laws and regulations; (16) our ability to complete the pending transaction as contemplated by the Agreement and Plan of Merger with Herc Holdings Inc., the parties’ ability to satisfy the conditions to the consummation of the cash tender offer and the other conditions set forth in the Merger Agreement; (17) risks associated with substantial costs and management resources required to consummate the exchange offer and merger; (18) the impact of certain interim covenants that we are subject to under the Herc Holdings Inc. Merger Agreement, including those that might discourage a potential third-party acquirer; (19) business uncertainties and contractual restrictions we are subject to during the pendency of the exchange offer and merger, that could disrupt our business and affect our relationships with existing and prospective employees, suppliers and other business partners; (20) risks associated with failure to consummate the merger; and (21) other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, we are under no obligation to publicly update or revise any forward-looking statements after the date of this release, whether as a result of any new information, future events or otherwise. These statements are based on the current beliefs and assumptions of H&E’s management, which in turn are based on currently available information and important, underlying assumptions. Investors, potential investors, security holders and other readers are urged to consider the above-mentioned factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.
Contacts:
Leslie S. Magee
Chief Financial Officer
225-298-5261
lmagee@he-equipment.com
Jeffrey L. Chastain
Vice President of Investor Relations
225-952-2308
jchastain@he-equipment.com
FAQ
Why did HEES cancel its June 2025 dividend payment?
When is the H&E Equipment Services merger with Herc Holdings expected to close?
What happens to HEES dividends after the Herc Holdings merger?
Will HEES shareholders receive any compensation for the canceled June 2025 dividend?
