---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050226"
form_type: "8-K"
ticker: null
cik: "0001339605"
company_name: "H&E Equipment Services, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:12:30.440721+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# H&E Equipment Q1 revenue up 15.2% to $371M; net income flat; cuts 2024 fleet capex guidance

## Summary
- Revenue $371.4M (+15.2% YoY); net income $25.9M ($0.71 EPS) vs $25.7M ($0.71 EPS) prior year.
- Rental revenues $261.7M (+12.8% YoY); rental rates +2.9% YoY, utilization fell to 63.6% from 67.3%.
- Adjusted EBITDA $161.7M (+13.1% YoY); margin 43.6% vs 44.4%.
- Reduced 2024 gross fleet investment guidance to $350-400M from $450-500M.
- Branch network to reach 145 locations; pending acquisition of four Montana sites expected Q2 2024.

## SEC filing metadata
- accession: 0000950170-24-050226
- form_type: 8-K
- cik: 0001339605
- company_name: H&E Equipment Services, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1339605/000095017024050226/0000950170-24-050226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1339605/000095017024050226/hees-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050226
- JSON: https://secwatch.observer/filing/0000950170-24-050226.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050226.txt

## Key facts
- Earnings Releases
  H&E Equipment Services, Inc. reported first quarter ended March 31, 2024 results: revenue $371.4 million, net income $25.9 million. Guidance lowered.
  - Period: first quarter ended March 31, 2024
  - Revenue: $371.4 million
  - Net income: $25.9 million
  - Guidance: lowered
  - Result: reported results
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1339605/000095017024050226/0000950170-24-050226-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.