H&E Equipment Earnings Reports

H&E Equipment Services reported a slight decrease in revenues for the fourth quarter of 2024, with a more significant decrease in net income. Total revenues decreased by 0.4% to $384.1 million, while net income decreased to $32.8 million. The company also noted its agreement to be acquired by Herc Holdings Inc.

H&E Equipment Services reported a decrease in revenue by 4.0% to $384.9 million, and a decrease in net income to $31.1 million for Q3 2024. Despite these declines, total equipment rental revenues increased by 3.3% to $326.2 million. The company also focused on expanding its branch network, adding eight new locations during the quarter, bringing the total to 157 locations across 32 states.

H&E Equipment Services reported a 4.5% increase in revenue to $376.3 million, driven by the expansion of its branch network, but net income decreased to $33.3 million compared to $41.2 million in the same quarter last year. The company opened six new branch locations and completed an acquisition, increasing its presence to 149 branches across 31 states.

H&E Equipment Services reported a 15.2% increase in revenues to $371.4 million and a net income of $25.9 million for the first quarter of 2024. Rental revenues grew by 12.8%, and the company's branch network expanded by 17%.

H&E Equipment Services reported a 9.3% increase in revenues to $385.8 million, driven by a 14.5% increase in rental revenues. Net income totaled $53.5 million, and adjusted EBITDA increased by 6.5% to $185.2 million. The company benefited from strong execution of strategic initiatives and resilient non-residential activity.

H&E Equipment Services reported a 23.6% increase in revenues to $400.7 million in Q3 2023 compared to Q3 2022. Net income was $48.9 million, including a pre-tax $5.7 million non-cash goodwill impairment charge. Excluding the impairment charge, net income was $53.0 million. Adjusted EBITDA totaled $189.1 million, a 36.2% increase compared to the same period last year.

H&E Equipment Services reported a strong second quarter with a 22.2% increase in revenue to $360.2 million and net income of $41.2 million. Rental revenues increased by 28.6%, and used equipment sales more than doubled. The company also updated its outlook for 2023, increasing gross capital expenditures and branch additions.

H&E Equipment Services reported an 18.4% increase in revenue to $322.5 million and a 57.5% increase in net income to $25.7 million in Q1 2023. The company's EBITDA also increased by 35.4% to $140.1 million.

H&E Equipment Services reported a strong fourth quarter in 2022, marked by a 25.6% increase in revenues to $353.1 million and a significant rise in net income to $51.2 million. The company benefited from solid fleet utilization, gains in equipment pricing, and the inclusion of One Source Equipment Rentals, Inc. following its acquisition. Looking ahead, H&E anticipates a robust business environment driven by strong project backlogs and federally funded programs.

H&E Equipment Services, Inc. announced strong Q3 2022 results with a 17.7% increase in revenues to $324.3 million and a 55.2% increase in net income to $38.4 million, driven by record performance in the equipment rental segment and fleet growth.

H&E Equipment Services reported a strong second quarter in 2022, with revenues increasing by 10.9% to $294.7 million and net income reaching $27.9 million. The company achieved record rental revenues and gross profit, alongside improvements in gross margin and adjusted EBITDA margin.

H&E Equipment Services reported a 13.3% increase in revenues to $272.5 million and a significant rise in net income to $16.3 million in Q1 2022, compared to $240.4 million and $1.9 million respectively in Q1 2021. Adjusted EBITDA also saw a substantial increase of 34.5%, reaching $103.4 million.

H&E Equipment Services, Inc. reported a 5.1% increase in revenue to $281.3 million for the fourth quarter of 2021, compared to $267.7 million in the fourth quarter of 2020. Net income was $21.7 million in the fourth quarter of 2021 compared to a net loss of $21.3 million in the fourth quarter of 2020.

H&E Equipment Services, Inc. reported a 10.4% increase in revenues to $319.4 million and a net income of $29.5 million for the third quarter of 2021, compared to $289.3 million and $10.1 million respectively in the third quarter of 2020. The company highlighted improved fleet utilization and rental rate appreciation, making progress toward becoming a pure-play rental business.

H&E Equipment Services reported a 13.4% increase in revenues to $315.8 million compared to the previous year. Net income increased to $15.8 million, and adjusted EBITDA rose by 7.4% to $102.3 million.

H&E Equipment Services reported a decrease in revenue by 2.6% to $278.4 million compared to the previous year. However, the company returned to profitability with a net income of $4.2 million, a significant improvement from the net loss of $(37.0) million in the same quarter last year. Adjusted EBITDA decreased by 16.2% to $83.2 million.

H&E Equipment Services reported a decrease in revenues by 9.3% to $315.6 million and a net loss of $(14.6) million in Q4 2020, compared to net income of $21.9 million in Q4 2019. Adjusted EBITDA also decreased by 19.8% to $101.6 million. The company successfully completed a notes offering to strengthen its balance sheet and is focusing on organic growth, tuck-in acquisitions, and entering specialty rental markets.

H&E Equipment Services reported a decrease in revenue by 18.1% to $289.3 million, and a decrease in net income to $10.1 million for the third quarter of 2020. The company's results were impacted by declines in total rental revenue and new equipment sales, though used equipment sales increased. Adjusted EBITDA also decreased by 22.5% to $98.8 million.

H&E Equipment Services reported a decrease in revenue by 16.6% to $278.3 million compared to the previous year. Net income decreased to $8.8 million, and adjusted EBITDA decreased by 19.3% to $95.3 million.

H&E Equipment Services reported a decrease in revenue for Q1 2020, primarily due to a decline in new equipment sales. The company faced challenges from the COVID-19 outbreak and weather conditions, which impacted demand and utilization. A non-cash goodwill impairment charge of $62.0 million was recorded, leading to a net loss. However, adjusted EBITDA margins improved due to a shift in revenue mix.

H&E Equipment Services' Q4 2019 revenues increased by 0.6% to $348.1 million compared to the previous year. Net income decreased by 12.5% to $21.9 million, but excluding a goodwill impairment charge, net income increased by 27.2% to $31.9 million. Adjusted EBITDA increased by 10.7% to $126.8 million.