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H&E Equipment Services Inc. reports company news centered on material agreements, shareholder voting matters, capital-structure disclosures, governance matters, risk factors, and operating and financial results. Coverage for HEES reflects recurring public-company developments such as corporate agreements, voting and governance updates, financing or capitalization matters, and periodic business performance disclosures.
H&E Equipment Services, Inc. (NASDAQ: HEES), operating as H&E Rentals, has announced the release date for its 2024 third quarter financial results. The company will disclose the results before the market opens on Tuesday, October 29, 2024. Additionally, H&E Rentals will host a conference call to discuss these results on the same day at 10:00 a.m. Eastern Time.
Interested parties can join the call by dialing 844-887-9400 approximately 10 minutes before it starts. A telephonic replay will be available from 1:00 p.m. Eastern Time on October 29, 2024, until November 12, 2024, by calling 877-344-7529 with the confirmation code 3897091.
The quarterly conference call will also be broadcast live online at www.he-equipment.com on October 29, 2024, at 10:00 a.m. Eastern Time and will remain accessible for 30 days. Related presentation materials will be posted in the "Investor Relations" section of the company's website prior to the call in Adobe Acrobat format.
H&E Equipment Services (NASDAQ: HEES), operating as H&E Rentals, has announced the release date for its 2024 third quarter financial results. The company will publish its results on Tuesday, October 29, 2024, before the market opens. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. Eastern Time.
Interested parties can join the call by dialing 844-887-9400 approximately 10 minutes before the start time. A telephonic replay will be available from 1:00 p.m. Eastern Time on October 29, 2024, until November 12, 2024, by dialing 877-344-7529 with the confirmation code 3897091.
The quarterly conference call will also be broadcast live on the company's website, www.he-equipment.com, starting at 10:00 a.m. Eastern Time on July 30, 2024, and will remain available for 30 days. Related presentation materials will be posted in the "Investor Relations" section of the website prior to the call in Adobe Acrobat format.
H&E Equipment Services (NASDAQ: HEES) has declared a regular quarterly cash dividend of $0.275 per share of common stock. The dividend will be paid on September 13, 2024, to stockholders of record as of the close of business on August 28, 2024. This announcement, made by the company's Board of Directors on August 12, 2024, demonstrates H&E Equipment Services' commitment to providing consistent returns to its shareholders. The quarterly dividend payout reflects the company's financial stability and confidence in its ongoing operations.
H&E Equipment Services (NASDAQ: HEES) reported its Q2 2024 financial results, showing revenue growth of 4.5% to $376.3 million. Net income decreased to $33.3 million from $41.2 million in Q2 2023. Adjusted EBITDA increased by 2.8% to $173.2 million. The company's rental revenues grew 6.5% to $275.5 million, driven by branch network expansion. H&E opened six new branches in Q2, bringing its total to 149 locations across 31 states. The company maintained its 2024 gross fleet expenditure guidance of $350-400 million. Despite challenges in the construction industry, H&E sees opportunities in mega projects and increased infrastructure funding.
H&E Equipment Services (NASDAQ: HEES) has announced the release date for its 2024 second quarter financial results. The company will disclose the results before the market opens on Tuesday, July 30, 2024. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. Eastern Time.
Interested parties can dial 844-887-9400 to participate in the call. A telephonic replay will be available from 1:00 p.m. Eastern Time on July 30, 2024, until August 6, 2024, by dialing 877-344-7529 and entering the confirmation code 4716329. Additionally, a live broadcast of the quarterly conference call will be accessible online at www.he-equipment.com, starting at 10:00 a.m. Eastern Time on July 30, 2024, and will remain available for 30 days.
H&E Equipment Services (NASDAQ: HEES) announced a regular quarterly cash dividend.
The Board of Directors declared a dividend of $0.275 per share on May 16, 2024.
This dividend will be paid on June 14, 2024, to stockholders of record as of May 30, 2024.
H&E Equipment Services, Inc. announced the completion of acquiring Lewistown Rental and its affiliated companies, expanding its presence in Montana. The acquisition included equipment worth $28.5 million, boosting the company's geographic reach and service capabilities.
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.
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