H&E Equipment Services Q1 2023 Earnings Report

H&E Equipment Services EPS Results

• Actual EPS: $0.71
• Consensus EPS: $0.60
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: $0.45

H&E Equipment Services Revenue Results

• Actual Revenue: $322.50 million
• Expected Revenue: $307.11 million
• Beat/Miss: Beat by +$15.39 million
• YoY Revenue Growth: +18.30%

H&E Equipment Services Announcement Details

• Quarter: Q1 2023
• Date: 4/27/2023
• Time: Before Market Opens

H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. The Sales of Rental Equipment segment sells used equipment from its rental fleet. The Sales of New Equipment segment sells new construction equipment through a professional sales force. The Parts Sales segment provides parts to its rental fleet and sells parts for the equipment, as well as maintains parts inventory. The Repair and Maintenance Services segment provides maintenance and repair services to its rental fleet and customers' equipment at its facilities, as well as at customers' locations. It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company's rental fleet consists of aerial work platforms, cranes, earthmoving and material handling equipment, and other general and specialty lines. It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.