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Jun 30, 2021
H&E Equipment Q2 2021 Earnings Report
H&E Equipment Services reported strong year-over-year performance as activity in the rental equipment industry displayed further improvement.
Key Takeaways
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.
Revenues increased 13.4% to $315.8 million versus $278.3 million a year ago.
Net income was $15.8 million compared to $8.8 million a year ago.
Adjusted EBITDA increased 7.4% to $102.3 million compared to $95.3 million a year ago, yielding a margin of 32.4% of revenues compared to 34.2% a year ago.
Total equipment rental revenues increased 14.9% to $179.0 million compared to $155.8 million a year ago.
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.comRevenue & Expenses
Visualization of income flow from segment revenue to net income