Associated tags: Construction & Property, Other Construction & Property, Manufacturing, H&E, Eastern Time Zone, Adobe Acrobat, Residential Building & Real Estate, Machinery, Commercial Building & Real Estate, Machine Tools, Metalworking & Metallurgy
Locations: BATON ROUGE, LA, US, MASSACHUSETTS, CALIFORNIA, CENTRAL, EASTERN, ROUGE, SG, UNITED STATES, NORTH AMERICA, LOUISIANA, MONTANA
, April 18, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc., (“H&E”) (NASDAQ: HEES) today announced that it will release its 2024 first quarter financial results before the market on Tuesday, April 30, 2024.
Key Points:
- , April 18, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc., (“H&E”) (NASDAQ: HEES) today announced that it will release its 2024 first quarter financial results before the market on Tuesday, April 30, 2024.
- The Company will also hold a conference call to discuss first quarter results on Tuesday, April 30, 2024, at 10:00 a.m. (Eastern Time).
- A telephonic replay will become available after 1:00 p.m. (Eastern Time) on April 30, 2024, and will continue through May 7, 2024, by dialing 877-344-7529 and entering the confirmation code 2298317.
- The live broadcast of H&E Equipment Services’ quarterly conference call will be available online at www.he-equipment.com on April 30, 2024, beginning at 10:00 a.m. (Eastern Time) and will continue to be available for 30 days.
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Machine Tools, Metalworking & Metallurgy,
Urban Planning,
REIT,
Manufacturing,
Residential Building & Real Estate,
Weather,
Capital,
Renting,
Adobe Acrobat,
Depreciation,
Security (finance),
OEC,
Public expenditure,
Environment,
Tax,
Acquisition,
Eastern Time Zone,
H&E,
Adjustment,
GAAP,
Growth,
Video game Time utilization (based on original equipment cost) was 63.6% in the first quarter of 2024 compared to 67.3% in the year-ago quarter.
Key Points:
- Time utilization (based on original equipment cost) was 63.6% in the first quarter of 2024 compared to 67.3% in the year-ago quarter.
- Interest expense was $18.4 million for the first quarter of 2024 compared to $13.7 million in first quarter of 2023.
- Adjusted EBITDA margin in the first quarter of 2024 was 43.6% of revenues compared to 44.4% in the year-ago quarter.
- The Company’s management will hold a conference call to discuss first quarter 2024 results today, April 30, 2024, at 10:00 a.m. (Eastern Time).
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Machine Tools, Metalworking & Metallurgy,
Urban Planning,
REIT,
Manufacturing,
Residential Building & Real Estate,
H&E,
City,
Agriculture,
Renting,
Growth H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire Lewistown Rental, a Lewistown, Montana-based equipment rental business and three of its affiliated rental operations in Havre, Glasgow and Great Falls, Montana.
Key Points:
- H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire Lewistown Rental, a Lewistown, Montana-based equipment rental business and three of its affiliated rental operations in Havre, Glasgow and Great Falls, Montana.
- Each location serves multiple end markets, including non-residential, industrial and agriculture.
- The company and its affiliates deploy a diverse fleet of equipment with a total estimated fleet value, as measured by original equipment cost, of $28.5 million.
- The transaction is expected to close in the second quarter of 2024, following the satisfaction of customary closing conditions.
Retrieved on:
Thursday, February 22, 2024
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Machine Tools, Metalworking & Metallurgy,
Urban Planning,
REIT,
Manufacturing,
Residential Building & Real Estate,
Acquisition,
Total,
OEC,
Adobe Acrobat,
Growth,
Renting,
Sale,
FINANCIAL,
Net income,
H&E,
Komatsu,
GAAP,
Tax,
Eastern Time Zone,
Security (finance),
Depreciation,
Video game Gross profit increased 16.9% in the fourth quarter of 2023 to $186.3 million compared to $159.4 million in the fourth quarter of 2022.
Key Points:
- Gross profit increased 16.9% in the fourth quarter of 2023 to $186.3 million compared to $159.4 million in the fourth quarter of 2022.
- On average, rental rates in the fourth quarter of 2023 were 3.8% better than rates in the fourth quarter of 2022.
- Dollar utilization for the fourth quarter of 2023 was 40.3% compared to 41.9% in the fourth quarter of 2022.
- Interest expense was $16.3 million for the fourth quarter of 2023 compared to $13.5 million in fourth quarter of 2022.
Retrieved on:
Thursday, February 15, 2024
, Feb. 15, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that it will release its 2023 fourth quarter financial results before the market on Thursday, February 22, 2024.
Key Points:
- , Feb. 15, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that it will release its 2023 fourth quarter financial results before the market on Thursday, February 22, 2024.
- The Company will also hold a conference call to discuss fourth quarter results on Thursday, February 22, 2024, at 10:00 a.m. (Eastern Time).
- To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.
- The live broadcast of H&E Equipment Services’ quarterly conference call will be available online at www.he-equipment.com on February 22, 2024, beginning at 10:00 a.m. (Eastern Time) and will continue to be available for 30 days.
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that its Board of Directors declared a regular quarterly cash dividend on February 9, 2024, to be paid to its stockholders.
Key Points:
- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that its Board of Directors declared a regular quarterly cash dividend on February 9, 2024, to be paid to its stockholders.
- The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on March 15, 2024, for stockholders of record as of the close of business on February 23, 2024.
Other Construction & Property,
Residential Building & Real Estate,
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Urban Planning,
REIT,
Acquisition,
Growth,
Precision,
H&E H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the completion of its acquisition of the business of Precision Rentals (“Precision”).
Key Points:
- H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the completion of its acquisition of the business of Precision Rentals (“Precision”).
- The acquisition improves H&E’s branch density in the Phoenix and Denver metropolitan areas and adds a young and attractive mix of equipment totaling approximately $70 million in original equipment cost.
- This strong growth has been accomplished through our successful warm start program and the acquisition of attractive and well-managed companies, such as Precision, with its excellent operations in Phoenix and Denver, and the surrounding areas.
- These two promising geographic regions are identified among the 20 largest metropolitan statistical areas in the U.S. and represent excellent non-residential construction potential.
Retrieved on:
Monday, December 11, 2023
Other Construction & Property,
Residential Building & Real Estate,
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Urban Planning,
Landscape,
H&E,
City,
Acquisition,
Phoenix H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire the business of Precision Rentals (“Precision”).
Key Points:
- H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire the business of Precision Rentals (“Precision”).
- Based in Phoenix, Arizona, the company operates a branch in Phoenix and a second location in Aurora, Colorado.
- Precision offers a mix of general rental assets with a total fleet size, as measured by original equipment cost, of approximately $70 million and an attractive average fleet age of 37 months.
- Brad Barber, chief executive officer of H&E Equipment Services, Inc., identified compelling strategic benefits associated with the acquisition, citing, “Since 2006, Precision Rentals has successfully grown its equipment rental business through a focus on reliability, fleet diversity and exceptional customer service.
Retrieved on:
Thursday, November 9, 2023
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that its Board of Directors declared a regular quarterly cash dividend on November 9, 2023, to be paid to its stockholders.
Key Points:
- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that its Board of Directors declared a regular quarterly cash dividend on November 9, 2023, to be paid to its stockholders.
- The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on December 15, 2023, for stockholders of record as of the close of business on November 28, 2023.
Retrieved on:
Wednesday, November 1, 2023
Other Construction & Property,
Residential Building & Real Estate,
Commercial Building & Real Estate,
Construction & Property,
Building Systems,
Urban Planning,
REIT,
H&E,
City,
Acquisition,
Lease H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the acquisition of the equipment rental assets of Giffin Equipment (“Giffin”), a California-based provider of non-residential construction and industrial equipment.
Key Points:
- H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the acquisition of the equipment rental assets of Giffin Equipment (“Giffin”), a California-based provider of non-residential construction and industrial equipment.
- The acquisition, which closed earlier today, includes three branch locations and a fleet size, as measured by original equipment cost, of approximately $13.4 million.
- Brad Barber, chief executive officer of H&E Equipment Services, Inc., detailed the importance of the acquisition, stating, “The addition of Giffin’s equipment rental assets and facilities increases our branch density and assists in bridging our existing locations in Central and Southern California.
- Throughout Giffin’s 93-year history in California, its employees have maintained a focus on strong customer service, reliable equipment, and equipment solutions.
