H&E Equipment Services Q2 2023 Earnings Report

H&E Equipment Services EPS Results

• Actual EPS: $1.14
• Consensus EPS: $1.02
• Beat/Miss: Beat by +$0.12
• One Year Ago EPS: $0.76

H&E Equipment Services Revenue Results

• Actual Revenue: $360.23 million
• Expected Revenue: $344.84 million
• Beat/Miss: Beat by +$15.39 million
• YoY Revenue Growth: +22.20%

H&E Equipment Services Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: Before Market Opens

H&E Equipment Services (NASDAQ:HEES) engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment. The New Equipment Sales segment is involved in selling new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins and through purchases of high quality used equipment. The Parts Sales segment includes new and used parts for the equipment and rental fleet. The Services segment operation provides maintenance and repair services for customers’ equipment and to rental fleet. The company was founded by Tom Engquist and Frank Head in 1961 and is headquartered in Baton Rouge, LA.