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

H&E Equipment Services, Inc. (NASDAQ: HEES) has signed a definitive agreement to acquire One Source Equipment Rental, Inc. for $130 million in cash. One Source operates 10 branches primarily in the Midwest and Southern U.S., generating approximately $59 million in revenues in the last year. The acquisition is set to expand H&E's geographic footprint and enhance customer loyalty, aligning well with its existing operations. The transaction is expected to close in Q4 2022, subject to regulatory approval.

H&E Equipment Services (NASDAQ: HEES) announced a quarterly cash dividend of $0.275 per share on August 11, 2022, payable on September 9, 2022. The record date for shareholders is August 26, 2022. Established in 1961, H&E is a prominent rental equipment company in the U.S., serving diverse markets across several high-growth regions.

H&E Equipment Services, Inc. (NASDAQ: HEES) reported strong second quarter 2022 results with revenues increasing 10.9% to $294.7 million and net income rising to $27.9 million, up from $12.3 million in Q2 2021. The company achieved record rental revenue of $227.6 million, a 29.6% increase year-over-year. Adjusted EBITDA also reached a record $121.9 million, representing a margin of 41.4%. Despite a significant decrease in used equipment sales by 47.4%, rental margins improved. The company declared a quarterly cash dividend of $0.275 per share and plans to expand branches despite supply chain challenges.

H&E Equipment Services (NASDAQ: HEES) is set to release its 2022 second quarter financial results on July 28, 2022, ahead of market opening. A conference call will follow at 10:00 a.m. ET to discuss the results, with participants encouraged to dial in early. A telephonic replay of the call will be available post-event until August 4, 2022. The call will also be live-streamed on the company's website, where presentation materials will be accessible for 30 days.

H&E Equipment Services, Inc. (NASDAQ: HEES) announced a quarterly cash dividend of $0.275 per share, payable on June 10, 2022, to stockholders of record by May 27, 2022. This decision reflects the company's commitment to returning value to its shareholders. Established in 1961, H&E is one of the largest rental equipment firms, providing services across high-growth regions in North America. The press release also highlights forward-looking statements regarding potential risks, including the impact of COVID-19 and economic uncertainties, affecting the construction market.

H&E Equipment Services, Inc. (NASDAQ: HEES) announced CEO Brad Barber will participate in a fireside chat at the Wells Fargo Industrials Conference on May 4, 2022, at 9:20 AM EST. Investors can access the event through a link on the company's website. Established in 1961, H&E is one of the largest rental equipment firms in the U.S., featuring a modern and versatile fleet that includes aerial work platforms and earthmoving equipment. The company serves various high-growth markets across the nation.

H&E Equipment Services, Inc. (HEES) reported a substantial increase in Q1 2022 results, with revenues rising 13.3% to $272.5 million from $240.4 million in Q1 2021. Net income jumped to $16.3 million, compared to $1.9 million in the prior year. Adjusted EBITDA surged 34.5% to $103.4 million, representing 38.0% of revenues. Equipment rental revenues reached $199.2 million, a 30.0% increase year-over-year. The company’s rental fleet value grew to over $1.9 billion, up 13% from Q1 2021. A quarterly cash dividend of $0.275 per share was also declared.

H&E Equipment Services, Inc. (NASDAQ: HEES) will release its 2022 first quarter financial results on April 27, 2022, before the market opens. A conference call will be held on the same day at 10:00 a.m. (Eastern Time) to discuss the results. Participants can dial 844-887-9400 to listen in. An online broadcast of the call will also be available on the company’s website, along with presentation materials, which will be accessible for 30 days.

H&E Equipment Services (NASDAQ: HEES) reported strong fourth-quarter and full-year results for 2021, highlighting a 5.1% revenue increase to $281.3 million. Net income improved significantly to $21.7 million compared to a loss of $21.3 million a year earlier. Adjusted EBITDA rose 18.4% to $110.4 million, with rental revenues surging 25.1% to $203.7 million. Despite a 34.3% drop in used equipment sales, gross margin improved to 42.0%. The company plans a record $550-$600 million capital expenditure in 2022 to expand its rental fleet, expecting continued strong demand in the non-residential construction market.