Welcome to our dedicated page for H & E Equipment Services news (Ticker: HEES), a resource for investors and traders seeking the latest updates and insights on H & E Equipment Services stock.
H&E Equipment Services, Inc. (NASDAQ: HEES), doing business as H&E Rentals, generates frequent news as a U.S. equipment rental company in the Other Commercial and Industrial Machinery and Equipment Rental and Leasing industry. Founded in 1961 and based in Baton Rouge, Louisiana, H&E describes itself as one of the largest rental equipment companies in the nation, with a fleet that includes aerial work platforms, earthmoving equipment, material handling equipment and other general and specialty lines.
News coverage for HEES commonly features quarterly and annual financial results, where the company reports on total revenues, equipment rental revenues, rental revenues, sales of rental equipment, sales of new equipment, gross margins, time utilization, dollar utilization and average rental rates. These releases provide insight into how H&E’s rental fleet is performing across its branch network in the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid‑Atlantic regions.
Another major source of HEES news is the pending acquisition by Herc Holdings Inc. Herc, through a merger subsidiary, launched a tender offer to acquire all outstanding shares of H&E common stock, followed by several extensions and regulatory milestones. Joint announcements from Herc and H&E describe the progress of the tender offer, the expiration of the Hart‑Scott‑Rodino waiting period, the acceptance of tendered shares and the expectation that H&E will become a wholly‑owned subsidiary of Herc, with H&E shares ceasing to trade on Nasdaq.
On this page, readers can follow company earnings updates, transaction‑related announcements, and other corporate communications that H&E files or distributes through newswires. Investors and observers who track HEES can use this news stream to review how the business performs over time and how the merger process with Herc develops.
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.
H&E Equipment Services, Inc. (NASDAQ: HEES) has declared a quarterly cash dividend of $0.275 per share, set to be paid on March 18, 2022, to stockholders of record as of the close of business on March 1, 2022. Established in 1961, H&E is a leading equipment rental company, with a diverse fleet serving various high-growth markets across North America. The company is known for its younger and versatile equipment mix, including aerial work platforms and material handling equipment.
BATON ROUGE, La., Feb. 10, 2022 – H&E Equipment Services (NASDAQ: HEES) will release its 2021 fourth quarter financial results before the market opens on February 24, 2022. A conference call will follow at 10:00 a.m. (Eastern Time) to discuss these results. Participants can listen in by calling 844-887-9400. A replay will be available post-call until March 3, 2022. The live broadcast will be accessible on H&E Equipment’s website, along with related presentation materials, which will be posted in the Investor Relations section.
H&E Equipment Services, Inc. (NASDAQ: HEES) has announced that CEO Brad Barber will present at the Furey Research Partners 2021 Hidden Gems Conference on November 18, 2021. Although the presentation will not be available via webcast, it will be accessible on the company's website under the Investor Relations tab on the morning of the event. H&E Equipment, founded in 1961, is a leading rental equipment company operating across 24 states, offering a diverse range of equipment in high-growth markets, including the Pacific Northwest and the Gulf Coast.
H&E Equipment Services, Inc. (NASDAQ: HEES) announced a quarterly cash dividend of $0.275 per share, payable on December 10, 2021, to stockholders of record as of November 23, 2021. Founded in 1961, H&E is a leading rental equipment company operating in 24 states with a versatile fleet catering to diverse markets. Despite facing challenges from COVID-19 and market conditions, the company continues to demonstrate commitment to returning value to stockholders through regular dividends.
H&E Equipment Services (HEES) reported a strong third quarter for 2021, with revenues up 10.4% year-over-year to $319.4 million and net income rising to $29.5 million, compared to $10.1 million in Q3 2020. The effective tax rate decreased to 24.8%. Adjusted EBITDA increased 20.6% to $119.1 million. Equipment rental revenues surged 22.1% to $197.2 million, with average rental rates improving by 2.9%. The company successfully transitioned to a pure rental business, agreeing to sell its crane operations, expected to close on October 1, 2021, for about $130 million.