Loading...
•
Mar 31, 2025
H&E Equipment Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
H&E Equipment Services reported a decline in revenues and a net loss in the first quarter of 2025 compared to the same period in 2024. Total revenues decreased by 14.0% to $319.5 million, and the company recorded a net loss of $6.2 million. Adjusted net income, excluding transaction expenses, was $1.2 million. The decline was primarily attributed to weak demand in local markets and pressure from merger announcements.
Total revenues for Q1 2025 were $319.5 million, a decrease of 14.0% from $371.4 million in Q1 2024.
The company reported a net loss of $6.2 million in Q1 2025, compared to a net income of $25.9 million in Q1 2024.
Adjusted net income, excluding transaction expenses, was $1.2 million in Q1 2025.
Total equipment rental revenues decreased by 7.2% to $274.0 million in Q1 2025.
Revenue by Segment
Forward Guidance
The company is enthusiastic about the planned merger with Herc Rentals, which is expected to close mid-year 2025 and is believed to enhance operating resiliency across a broader network.
Positive Outlook
- Continued branch expansion strategy with planned openings to enhance competitiveness.
- Belief that the merger with Herc Rentals will improve operating resiliency.
- Merger expected to provide a broader network of end markets, geographies, products, and customer solutions.
- Merger advantageous for managing slower phases of the business cycle.
- Company remains enthusiastic about the planned merger.
Challenges Ahead
- Seasonally softer first quarter.
- One less calendar day in the first quarter compared to the previous year.
- Weak demand from local markets persisted.
- Merger announcements in the quarter created pressure on business performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...