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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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