H&E Equipment Services, Inc.
Ticker(s):
HEES
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Business Overview
H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States and internationally. It operates in four segments: Equipment Rentals; Sales of Rental Equipment; Sales of New Equipment; and Parts, Service and Other Revenues. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. Its 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, Service and Other Revenues segment provides parts for its rental fleet; and maintenance and repair services to its rental fleet and customers’ equipment at its facilities, as well as at customers’ locations. This segment also sells parts for the equipment; and maintains a parts inventory. The company’s rental fleet consists of aerial work platforms, earthmoving, 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.
Contact & Other Information
Number of Employees:
2,800
Website:
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H&E Equipment Services, Inc. reported modest revenue growth but a decline in profitability for the year ended December 31, 2024. The company is undergoing a merger with Herc Holdings Inc., which presents both opportunities and risks.
02/21/2025 | 8-K | 0000950170-25-024865 |H&E Equipment Services, Inc. announced its fourth quarter and full year 2024 results, including a decrease in revenues and net income, and noted its agreement to be acquired by Herc Holdings Inc.