HEES - Earnings announcements

BATON ROUGE, La., April 29, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the first quarter ended March 31, 2025. In the seasonally softer first quarter, which included one less calendar day, demand from local markets remained weak. In addition to the challenging demand trend, merger announcements in the quarter created pressure on the performance of the business. These factors contributed to a 7.2% decline in first quarter equipment rental revenues compared to the first quarter in 2024. The Company's branch expansion strategy continued with only those openings that were already pla

BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE:HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY WITH A COMPARISON TO FOURTH QUARTER 2023 Revenues decreased 0.4% to $384.1 million compared to $385.8 million.Net income totaled $32.8 million compared to $53.5 million. The effective i

Acquisition Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Transaction Terms Same as Proposal Previously Announced on February 18, 2025 H&E Terminates Agreement with United Rentals Herc Holdings Inc. (NYSE:HRI) ("Herc" or "the Company"), one of North America's leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE:URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E. As previously announced on February 18, 2025, under

H&E Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior to United Rentals Transaction Herc Proposal Provides Immediate, Significant Premium for H&E and Substantial Upside Value Creation Opportunity for Both Herc and H&E Shareholders Herc and H&E Combination Expected to Generate Approximately $300 Million of Run Rate EBITDA Opportunities Acquisition Substantially Scales Herc's Premier Platform and Accelerates Strategy for Industry Leading Growth and Superior Value Creation Expected to be High Single Digit Accretive to Herc's Cash EPS in 2026 and Ramping to Greater than 20% as Synergies are Fully Realized Expected to Generate ROIC in Excess of Cost of Capital Within Three Yea

$4.8 billion transaction will expand capacity in strategic U.S. markets and provides attractive risk-adjusted returns United Rentals, Inc. (NYSE:URI) ("United Rentals" or "the company") and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ:HEES) ("H&E") today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash, reflecting a total enterprise value of approximately $4.8 billion, including approximately $1.4 billion of net debt. Founded in 1961, H&E provides its customers with a comprehensive mix of high-quality general rental fleet including aerial work platforms, earthmoving equipment, material handling equipment, a

BATON ROUGE, La., Oct. 29, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today reported financial results for the third quarter ended September 30, 2024. The report includes the Company's branch expansion achievements, with the addition of eight new locations in the third quarter, expanding the Company's branch network to 157 locations across 32 states. THIRD QUARTER 2024 SUMMARY WITH A COMPARISON TO THIRD QUARTER 2023 Revenues declined 4.0% to $384.9 million compared to $400.7 million.Net income was $31.1 million compared to $48.9 million. The effective income tax rate was 28.3% compared to 26.1%.Adjusted EBITDA t

BATON ROUGE, La., Oct. 22, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced that it will release its 2024 third quarter financial results before the market on Tuesday, October 29, 2024. The Company will also hold a conference call to discuss third quarter results on Tuesday, October 29, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 29, 2024, and will continue through November 12, 2024, by dialing 877-344-7529 and entering t

BATON ROUGE, La., July 30, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today reported financial results for the second quarter ended June 30, 2024, including further expansion of its branch network which now extends to 31 states. SECOND QUARTER 2024 SUMMARY WITH A COMPARISON TO SECOND QUARTER 2023 Revenues increased 4.5% to $376.3 million compared to $360.2 million.Net income was $33.3 million compared to $41.2 million. The effective income tax rate was 27.8% compared to 26.3%.Adjusted EBITDA totaled $173.2 million, an increase of 2.8% compared to $168.6 million. Adjusted EBITDA margins were 46.0% of revenues compared to 46.8%.Total equipmen

BATON ROUGE, La., July 23, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc., ("H&E") (NASDAQ:HEES) today announced that it will release its 2024 second quarter financial results before the market on Tuesday, July 30, 2024. The Company will also hold a conference call to discuss second quarter results on Tuesday, July 30, 2024, at 10:00 a.m. (Eastern Time). To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:00 p.m. (Eastern Time) on July 30, 2024, and will continue through August 6, 2024, by dialing 877-344-7529 and entering the confirmation code 4716329. The live bro

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", or the "Company") today announced results for the first quarter ended March 31, 2024 with disciplined growth objectives contributing to double-digit improvement in rental revenues. FIRST QUARTER 2024 SUMMARY WITH A COMPARISON TO FIRST QUARTER 2023 Revenues increased 15.2% to $371.4 million compared to $322.5 million. Net income totaled $25.9 million compared to $25.7 million. The effective income tax rate was 26.5% compared to 26.1%. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 13.1% to $161.7 million compared to $143.0 million. Adjusted EBITDA margin was 43.6% compared to 44.4%. T

Baton Rouge, La. , April 18, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc., ("H&E") (NASDAQ:HEES) today announced that it will release its 2024 first quarter financial results before the market on Tuesday, April 30, 2024.  The Company will also hold a conference call to discuss first quarter results on Tuesday, April 30, 2024, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on April 30, 2024, and will continue through May 7, 2024, by dialing 877-344-7529 and entering the confirmation code 2298317. The l

Baton Rouge, La. , Feb. 15, 2024 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2023 fourth quarter financial results before the market on Thursday, February 22, 2024.  The Company will also hold a conference call to discuss fourth quarter results on Thursday, February 22, 2024, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on February 22, 2024, and will continue through February 29, 2024, by dialing 877-344-7529 and entering the confirmation code 2771115.

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today reported financial results for the third quarter ended September 30, 2023, with fundamentally robust industry conditions, strong fleet growth and further branch expansion contributing to record adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company sold its crane business (the "Crane Sale") in October 2021 and completed associated closing adjustments during the second quarter of 2022. As such, results and comparisons for the prior period are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accom

Baton Rouge, La., Oct. 19, 2023 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2023 third quarter financial results before the market on Thursday, October 26, 2023.  The Company will also hold a conference call to discuss third quarter results on Thursday, October 26, 2023, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 26, 2023, and will continue through November 2, 2023, by dialing 877-344-7529 and entering the confirmation code 9392769. The l

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today reported strong financial results for the second quarter ended June 30, 2023, and updated its outlook for 2023, increasing gross capital expenditures and branch additions. The Company sold its crane business (the "Crane Sale") in October 2021 and completed associated closing adjustments during the second quarter of 2022. As such, results and comparisons for the prior period are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report, in accordance with Generally Accepted Accounting Principles ("GAAP"). The Company als

Baton Rouge, La., July 20, 2023 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2023 second quarter financial results before the market on Thursday, July 27, 2023.  The Company will also hold a conference call to discuss second quarter results on Thursday, July 27, 2023, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on July 27, 2023, and will continue through August 3, 2023, by dialing 877-344-7529 and entering the confirmation code 6189104. The live bro

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E" or the "Company") today announced results for the first quarter ended March 31, 2023, disclosing another period of strong financial performance led by successful growth initiatives and the continuation of fundamentally sound industry conditions. FIRST QUARTER 2023 SUMMARY WITH A COMPARISON TO FIRST QUARTER 2022 Revenues increased 18.4% to $322.5 million compared to $272.5 million. Net income increased 57.5% to $25.7 million compared to $16.3 million. The effective income tax rate was 26.1% compared to 26.3%. EBITDA (earnings before interest, taxes, depreciation, and amortization) totaled $140.1 million, an increase of 35.4%, compa

Baton Rouge, La. , April 20, 2023 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2023 first quarter financial results before the market on Thursday, April 27, 2023.  The Company will also hold a conference call to discuss first quarter results on Thursday, April 27, 2023, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on April 27, 2023, and will continue through May 4, 2023, by dialing 877-344-7529 and entering the confirmation code 8927475. The live broad

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", or the "Company") today announced results for the fourth quarter and full year ended December 31, 2022, bringing to close a year of record financial performance and significant expansion. On October 1, 2021, the Company sold its crane business, (the "Crane Sale"). All results and comparisons for the periods reported are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report. FOURTH QUARTER 2022 SUMMARY Revenues increased 25.6% to $353.1 million compared to $281.3 million in the fourth quarter of 2021. Net income was $51.2 million co

BATON ROUGE, La., Feb. 15, 2023 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2022 fourth quarter financial results before the market on Wednesday, February 22, 2023.  The Company will also hold a conference call to discuss fourth quarter results on Wednesday, February 22, 2023, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on February 22, 2023, and will continue through March 1, 2023, by dialing 877-344-7529 and entering the confirmation code 7368128. T

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E" or the "Company") today announced results for the third quarter ended September 30, 2022, citing record results for its rental business segment, meaningful fleet growth and further expansion of its branch network. On October 1, 2021, the Company sold its crane business, (the "Crane Sale"). All results and comparisons for the periods reported are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report. THIRD QUARTER 2022 SUMMARY Revenues increased 17.7% to $324.3 million compared to $275.4 million in the third quarter of 2021. Net inco

BATON ROUGE, La., Oct. 20, 2022 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2022 third quarter financial results before the market on Thursday, October 27, 2022.  The Company will also hold a conference call to discuss third quarter results on Thursday, October 27, 2022, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on October 27, 2022, and will continue through November 3, 2022, by dialing 877-344-7529 and entering the confirmation code 6431956. The l

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today announced results for the second quarter ended June 30, 2022, including records for rental revenue and gross profit, consolidated gross profit and margin, and earnings before interest, taxes depreciation and amortization ("EBITDA") margin. On October 1, 2021, the Company sold its crane business, (the "Crane Sale"). All results and comparisons for the periods reported are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report. SECOND QUARTER 2022 SUMMARY Revenues increased 10.9% to $294.7 million compared to $265.7

BATON ROUGE, La., July 21, 2022 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2022 second quarter financial results before the market on Thursday, July 28, 2022.  The Company will also hold a conference call to discuss second quarter results on Thursday, July 28, 2022, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on July 28, 2022, and will continue through August 4, 2022, by dialing 877-344-7529 and entering the confirmation code 7606055. The live broad

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today announced results for the first quarter ended March 31, 2022, reporting strong year-over-year performance as excellent industry conditions generated seasonally robust utilization and further improvement in equipment rental rates. On October 1, 2021, the Company sold its crane business, (the "Crane Sale"). All results and comparisons for the periods reported are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report. FIRST QUARTER 2022 SUMMARY Revenues increased 13.3% in the first quarter of 2022 to $272.5 million

BATON ROUGE, La., April 20, 2022 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2022 first quarter financial results before the market on Wednesday, April 27, 2022.  The Company will also hold a conference call to discuss first quarter results on Wednesday, April 27, 2022, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on April 27, 2022, and will continue through May 5, 2022, by dialing 877-344-7529 and entering the confirmation code 7814528. The live broa

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today announced results for the fourth quarter and full year ended December 31, 2021, highlighting the excellent quarter and year-over-year performance as strong business activity and strategic initiatives advanced results. On October 1, 2021, the Company sold its crane business, (the "Crane Sale"). All results and comparisons for the periods reported are presented on a continuing operations basis with the Crane Sale reported as discontinued operations in certain statements and schedules accompanying this report. FOURTH QUARTER 2021 SUMMARY Revenues increased 5.1% in the fourth quarter of 2021 to $281.3 million compared to

BATON ROUGE, La., Feb. 10, 2022 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2021 fourth quarter financial results before the market on Thursday, February 24, 2022.  The Company will also hold a conference call to discuss fourth quarter results on Thursday, February 24, 2022, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on February 24, 2022, and will continue through March 3, 2022, by dialing 877-344-7529 and entering the confirmation code 2971254.

H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company") today announced results for the third quarter ended September 30, 2021, highlighting improved fleet utilization, rental rate appreciation and significant progress toward the Company's strategic transition to a pure-play rental business. During the third quarter of 2021, the Company agreed to sell its crane business, (the "Crane Sale"). All results and comparisons below Total Company Summary are presented on a continuing operations basis and exclude the Crane Sale. THIRD QUARTER 2021 SUMMARY Total Company Third Quarter 2021 Summary (including both continuing and discontinued operations) Revenues in the third quarter of 202

BATON ROUGE, La., Oct. 26, 2021 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2021 third quarter financial results before the market on Tuesday, November 2, 2021.  The Company will also hold a conference call to discuss third quarter results on Tuesday, November 2, 2021, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 844-887-9400 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on November 2, 2021, and will continue through November 9, 2021, by dialing 877-344-7529 and entering the confirmation code 10161135. The live b

H&E Equipment Services, Inc. (NASDAQ:HEES) today announced results for the second quarter ended June 30, 2021, reporting strong year-over-year performance as activity in the rental equipment industry displays further improvement. SECOND QUARTER 2021 SUMMARY 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. The effective income tax rate was 27.5% in the second quarter of 2021 and 26.9% in the second quarter of 2020. Adjusted EBITDA increased 7.4% to $102.3 million in the second quarter of 2021 compared to $95.3 million a year ago, yielding a margin of 32.4% of revenues compared to 34.2% a year

BATON ROUGE, La., July 27, 2021 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) today announced that it will release its 2021 second quarter financial results before the market on Tuesday, August 3, 2021.  The Company will also hold a conference call to discuss second quarter results on Tuesday, August 3, 2021, at 10:00 a.m. (Eastern Time).  To listen to the call, participants should dial 877-317-6789 approximately 10 minutes prior to the start of the call.  A telephonic replay will become available after 1:00 p.m. (Eastern Time) on August 3, 2021, and will continue through August 10, 2021, by dialing 877-344-7529 and entering the confirmation code 10158067. The live bro

Accelerates Manitowoc's Growth Strategy in Key U.S. Markets The Manitowoc Company, Inc. (NYSE:MTW) (the "Company" or "Manitowoc"), a leading global manufacturer of cranes and lifting solutions, announced today that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES), one of the largest rental equipment companies in the U.S. Under the terms of the agreement, Manitowoc is expected to pay approximately $130 million funded by a combination of cash on hand and existing debt availability. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions and regulatory approv

Transaction supports H&E's transformation to a pure-play equipment rental company Will promote H&E's strategic focus on geographic expansion and fleet investment H&E to host conference call to discuss transaction H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E") today announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company, Inc. (NYSE:MTW), a leading global manufacturer of cranes and lifting solutions, for $130 million in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act. "Th