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

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.