secwatch.observer — SEC 8-K summary
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Issuer:     H&E Equipment Services, Inc. (—)
CIK:        0001339605
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000950170-24-050226
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1339605/000095017024050226/0000950170-24-050226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1339605/000095017024050226/hees-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer