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Dec 31, 2024
H&E Equipment Q4 2024 Earnings Report
H&E Equipment Services reported a decrease in revenues and net income for Q4 2024, alongside an agreement to be acquired by Herc Holdings Inc.
Key Takeaways
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.
Revenues decreased slightly by 0.4% to $384.1 million.
Net income decreased to $32.8 million compared to $53.5 million in the prior year.
Total equipment rental revenues increased by 0.8% to $319.4 million.
Sales of rental equipment decreased significantly by 30.1% to $28.4 million.
H&E Equipment
H&E Equipment
H&E Equipment Revenue by Segment
Revenue by Segment
Equipment Rentals Revenue
CapyFin.comSales of Rental Equipment Revenue
CapyFin.comParts, Service and Other Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income