H & E Equipment Services Inc Stock Price, News & Analysis

H&E Equipment Services (NASDAQ: HEES) is set to release its 2023 first quarter financial results before market open on April 27, 2023. Following the release, the company will hold a conference call at 10:00 a.m. Eastern Time to discuss the results. Participants can join the call by dialing 844-887-9400 approximately 10 minutes prior. A telephonic replay will be available after 1:00 p.m. Eastern Time until May 4, 2023, by calling 877-344-7529 and entering confirmation code 8927475. The live broadcast of the call will be accessible online through the company’s website and will remain available for 30 days. H&E Equipment is recognized as one of the largest rental equipment firms in the U.S., providing a diverse fleet across various high-growth geographies.

On March 13, 2023, H&E Equipment Services, Inc. (NASDAQ: HEES) announced the appointment of Suzanne H. Wood to its Board of Directors, expanding the board from ten to eleven members. Wood, aged 63, brings extensive experience from her past roles as CFO of Vulcan Materials and Chief Financial Officer at Ashtead Group. She also serves as a board member and chair of the audit committee for RELX Group and Ferguson plc. Her addition is expected to enhance the Board's expertise in the construction and rental industries, as noted by Executive Chairman John Engquist.

H&E Equipment Services, Inc. (NASDAQ: HEES) announced record financial results for Q4 and full year 2022, highlighting a 25.6% revenue increase to $353.1 million and a net income of $51.2 million, up from $21.7 million in Q4 2021. EBITDA surged 56.1% to $171.5 million, with a margin of 48.6%. Total equipment rental revenues rose 35.3% to $275.7 million. Despite a 4.5% decrease in new equipment sales, gross margin improved to 45.1%. The company anticipates continued growth in 2023, fueled by favorable industry trends and infrastructure spending, and plans to open 10-15 new branch locations. H&E remains focused on strategic expansion and maintaining equipment utilization.

H&E Equipment Services (HEES) will release its 2022 fourth quarter financial results on February 22, 2023, before market opening. Following the results announcement, a conference call will be held at 10:00 a.m. (Eastern Time) to discuss the financial performance. Participants can join the call by dialing 844-887-9400. A telephonic replay will be available after 1:00 p.m. on February 22, continuing through March 1. The live broadcast will be accessible on the company’s website, with related presentation materials to be posted in the Investor Relations section.

H&E Equipment Services, Inc. (NASDAQ: HEES) has declared a quarterly cash dividend of $0.275 per share, payable on March 10, 2023. Stockholders of record as of February 24, 2023 will receive this dividend, following the announcement made on February 10, 2023. H&E, one of the largest rental equipment companies in the U.S., boasts a versatile fleet serving various high-growth markets across multiple regions including the Pacific Northwest and Southeast.

H&E Equipment Services Inc. (NASDAQ: HEES) announced a definitive agreement to sell its Komatsu earthmoving distribution business to Waukesha-Pearce Industries, LLC in a strategic move to focus on its higher-margin rental business. This transaction includes distribution rights in Louisiana and parts of Arkansas, as well as a distribution facility in Kenner, Louisiana. The sale is expected to close by December 31, 2022, marking the completion of H&E's shift to a pure-play rental business.

H&E Equipment Services (NASDAQ: HEES) has declared a quarterly cash dividend of $0.275 per share. This dividend will be distributed on December 9, 2022, to stockholders on record as of November 28, 2022. Founded in 1961, H&E is recognized as one of the largest rental equipment companies in the U.S. with a diverse fleet catering to various high-growth markets across the nation.

H&E Equipment Services (NASDAQ: HEES) reported robust financial performance for Q3 2022, with total revenues rising by 17.7% to $324.3 million, driven largely by a 28.6% increase in equipment rental revenues. Net income soared 55.2% to $38.4 million. Adjusted EBITDA reached $139.4 million, reflecting a margin of 43%. The company achieved record fleet utilization at 73.3% and improved gross margins across segments. Despite a 34.7% drop in used equipment sales, new equipment sales saw a 21.4% increase. H&E continues expanding its branch network and anticipates favorable industry conditions ahead.

BATON ROUGE, La., Oct. 20, 2022 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) will release its 2022 third quarter financial results on October 27, 2022, before market open. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. (Eastern Time). Participants can join by dialing 844-887-9400. A replay will be available post-call and can be accessed until November 3, 2022. The call will be broadcast live on the company's website and available for 30 days.