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Jun 30, 2020
H&E Equipment Q2 2020 Earnings Report
H&E Equipment Services experienced a challenging period due to the COVID-19 outbreak and subsequent economic slowdown.
Key Takeaways
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.
Revenues decreased 16.6% to $278.3 million.
Net income was $8.8 million compared to $22.6 million a year ago.
Adjusted EBITDA decreased 19.3% to $95.3 million.
Total equipment rental revenues decreased 19.0% to $155.8 million.
H&E Equipment
H&E Equipment
H&E Equipment Revenue by Segment
Revenue by Segment
Equipment Rentals Revenue
CapyFin.comSales of New Equipment Revenue
CapyFin.com Forward Guidance
The company anticipates that the headwinds related to COVID-19 will persist throughout the balance of the year, with tremendous uncertainty regarding the cadence of the economic recovery, including the outlook for the non-residential construction markets.
Challenges Ahead
- Headwinds related to COVID-19 will persist throughout the balance of this year.
- Tremendous uncertainty regarding the cadence of the economic recovery.
- Uncertainty in the outlook for the non-residential construction markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income