H&E Equipment Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:00 am EDT
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H&E Equipment Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 291.46 million compared to USD 227.58 million a year ago. Revenue was USD 360.23 million compared to USD 294.67 million a year ago. Net income was USD 41.22 million compared to USD 26.35 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 0.76 a year ago. Basic earnings per share was USD 1.14 compared to USD 0.72 a year ago. Diluted earnings per share was USD 1.14 compared to USD 0.72 a year ago.
For the six months, sales was USD 553.47 million compared to USD 426.8 million a year ago. Revenue was USD 682.71 million compared to USD 567.12 million a year ago. Net income was USD 66.89 million compared to USD 42.64 million a year ago. Basic earnings per share from continuing operations was USD 1.86 compared to USD 1.21 a year ago. Diluted earnings per share from continuing operations was USD 1.84 compared to USD 1.21 a year ago. Basic earnings per share was USD 1.86 compared to USD 1.17 a year ago. Diluted earnings per share was USD 1.84 compared to USD 1.17 a year ago.
H&E Equipment Services, Inc. is a rental equipment company. The Companyâs segments include Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales and Repair and Maintenance Services. Equipment rentals segment includes rental operations and primarily rents core types of construction and industrial equipment. Sales of Rental Equipment segment used sales are generated primarily from sales from its rental fleet. Sales of New Equipment segment sells equipment through a professional sales force. Parts Sales segment provides parts for its own rental fleet and sells parts for the equipment it sells. Services segment includes maintenance and repair services for its own rental fleet and for its customersâ equipment at its facilities as well as at its customersâ locations. It operates 139 branch locations across 30 states. It serves branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, Midwest and Mid-Atlantic regions.
H&E EQUIPMENT SERVICES, INC. 
