Last $28.38 USD
Change Today -0.59 / -2.04%
Volume 178.4K
HEES On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

h&e equipment services inc (HEES) Snapshot

Open
$29.00
Previous Close
$28.97
Day High
$29.19
Day Low
$28.32
52 Week High
09/4/14 - $42.38
52 Week Low
12/15/14 - $26.30
Market Cap
999.9M
Average Volume 10 Days
531.5K
EPS TTM
$1.47
Shares Outstanding
35.2M
EX-Date
11/20/14
P/E TM
19.4x
Dividend
$1.00
Dividend Yield
1.76%
Current Stock Chart for H&E EQUIPMENT SERVICES INC (HEES)

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h&e equipment services inc (HEES) Details

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, crane, earthmoving equipment, and industrial lift truck categories. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis. As of December 31, 2013, the company’s rental fleet consisted of 22,575 pieces of equipment. It also sells new heavy construction and industrial equipment in various categories. In addition, the company sells used equipment from its rental fleet, as well as inventoried equipment that is acquired through trade-ins from its customers and selective purchases; and new and used parts to its customers. Further, it provides maintenance and repair services; and ongoing preventative maintenance services and warranty repairs, as well as offers ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company provides its services to industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, and maintenance contractors, as well as for other industrial accounts. As of February 24, 2014, it had a network of 69 full-service facilities, serving approximately 33,800 customers across 22 states in the West Coast, Intermountain, Southwest, the Gulf Coast, Southeast, and the Mid-Atlantic regions of the United States. The company markets its equipment rental services, and new and used equipment through its sales force. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

1,775 Employees
Last Reported Date: 02/28/14
Founded in 1961

h&e equipment services inc (HEES) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.5M
President and Chief Operating Officer
Total Annual Compensation: $689.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $640.2K
Vice President of Corporate Services
Total Annual Compensation: $253.6K
Compensation as of Fiscal Year 2013.

h&e equipment services inc (HEES) Key Developments

H&E Equipment Services Unveils New Manitowoc Crane Remanufacturing Center in Belle Chasse

H&E Equipment Services has opened a new crane remanufacturing complex to service Manitowoc cranes in Belle Chasse, La. The new center marks a significant upgrade to the company's abilities to rebuild, repair and remanufacture Manitowoc Cranes, tripling its capacity. The new complex has two primary facilities: One devoted to crane remanufacturing (Crane Remanufacturing Center) and another devoted to heavy equipment structural repair (Structural Repair Center). It is strategically located on the Intercoastal Waterway near the Mississippi River with access to the Gulf of Mexico, which gives the complex advantageous shipping capabilities. The Crane Remanufacturing Center measures 40,000 ft2, with six large service bays, each equipped with a 10 t (11 USt) capacity overhead crane. The entire service floor can be accessed by a 75 t (83 USt) mobile industrial gantry crane. The large shop accommodates up to six crane remanufacturing projects at one time, along with numerous component rebuilds. The Structural Repair Center is 15,000 ft2, with two 10 t (11 USt) capacity overhead cranes. The structure is fully equipped with five structural alignment welding tables, fixtures and special tooling for crane boom and component repair. The services H&E offers at the new complex include crane remanufacturing and repair, structural repair, component rebuilds, marine project mobilization, derrick service, and equipment cleaning, blasting and painting. The company employs a team of Manitowoccertified staff, including technicians, blasters, painters and welders.

H&E Equipment Services Inc. Declares Regular Quarterly Cash Dividend, Payable on December 9, 2014

H&E Equipment Services Inc. announced that its Board of Directors declared a regular quarterly cash dividend to be paid to its stockholders. The company announced a quarterly cash dividend of $0.25 per share of common stock to be paid on December 9, 2014, for stockholders of record as of the close of business on November 24, 2014.

H&E Equipment Services Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for 2014

H&E Equipment Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $275,044,000 against $270,449,000 a year ago. Income from operations was $39,993,000 against $33,932,000 a year ago. Income before provision for income taxes was $27,115,000 against $20,976,000 a year ago. Net income was $15,300,000 or $0.43 per basic and diluted share against $13,953,000 or $0.40 per basic and diluted share a year ago. EBITDA was $83,135,000 against $69,974,000 a year ago. EBITDA expansion is primarily driven by strong rental performance combined with solid performance from other business segments. Gross fleet capital expenditures for the quarter were $117.4 million, including noncash transfers from inventory and net rental fleet capital expenditures for the quarter were $98.3 million Gross CapEx was $14.4 million and net was $13.7 million. n For the nine months, the company reported total revenues of $792,651,000 against $728,177,000 a year ago. Income from operations was $102,526,000 against $81,560,000 a year ago. Income before provision for income taxes was $64,726,000 against $43,955,000 a year ago. Net income was $38,462,000 or $1.09 per basic and diluted share against $29,539,000 or $0.84 per basic and diluted share a year ago. EBITDA was $224,483,000 against $184,539,000 a year ago. As at September 30, 2014, total debt was $852,630,000 against $734,738,000 as at December 31, 2013. For the 2014, The company's outlook for the remainder of the year 2014 and into 2015 remains positive as it believe the company will continue to benefit from the anticipated growth in the commercial construction markets in the United States. 2014 effective tax rate estimate is 40.3%.

 

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HEES Competitors

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Industry Analysis

HEES

Industry Average

Valuation HEES Industry Range
Price/Earnings 18.8x
Price/Sales 0.9x
Price/Book 7.9x
Price/Cash Flow 18.8x
TEV/Sales 0.0x
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