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

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.

H&E Equipment Services, Inc. (NASDAQ: HEES) will release its 2021 third quarter financial results on November 2, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. (ET) to discuss these results. Participants can join the call by dialing 844-887-9400. A telephonic replay will be available from 1:00 p.m. on November 2 until November 9, 2021. Live audio of the call will be accessible online, as well as related presentation materials, which will be posted on the Company's website.

H&E Equipment Services has completed the sale of its crane business to a wholly-owned subsidiary of Manitowoc Company for approximately $130 million. The cash proceeds will fund facility expansions, rental fleet investments, and general corporate purposes. CEO Brad Barber stated that this divestment allows H&E to focus exclusively on its equipment rental strategy, potentially enhancing revenue and margins. Additionally, the sale of two earthmoving distribution branches in Arkansas was finalized, maintaining H&E's operations in Louisiana, bringing their rental operations to 101 branches across 24 states.

The Manitowoc Company has completed the acquisition of the crane business from H&E Equipment Services for approximately $130 million. This strategic move is intended to enhance Manitowoc's aftermarket services and expand its market reach through the establishment of MGX Equipment Services, LLC, which will focus on sales, service, parts, and financing for cranes. The acquisition aligns with Manitowoc's goal of increasing shareholder value and improving customer support.

H&E Equipment Services, Inc. (NASDAQ: HEES) has declared a quarterly cash dividend of $0.275 per share, payable on September 17, 2021, to stockholders of record by August 27, 2021. H&E is a major provider of heavy construction and industrial equipment, operating 107 full-service facilities across various regions in the U.S. The company offers equipment rental, sales, parts, and maintenance services, enhancing customer relationships and operational efficiency.

H&E Equipment Services (NASDAQ: HEES) reported strong Q2 2021 results, with revenues rising 13.4% to $315.8 million and net income of $15.8 million, up from $8.8 million a year earlier. Equipment rental revenues increased 14.9% to $179.0 million, while adjusted EBITDA grew 7.4% to $102.3 million, yielding a margin of 32.4%. Gross margin improved to 35.3%. Notably, the company announced a pending $130 million sale of its crane business, aiming to enhance its rental equipment focus. A quarterly dividend of $0.275 per share was also declared, reflecting confidence in financial stability.