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H&E Equipment Services (HEES)
NASDAQ:HEES
Holding HEES?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.81Last Year’s EPS
$1.47Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -13.38%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in branch expansion and active participation in mega projects, which are promising for future growth. However, these were offset by declines in total revenues, lower physical utilization, and increased expenses, leading to reduced net income and EBITDA. The outlook for 2025 appears optimistic, but current challenges remain.Company Guidance
In the third quarter of 2024, H&E Rentals reported mixed financial results, with total revenues declining by 4% year-over-year, primarily due to a 47% drop in rental equipment sales. Despite these challenges, equipment rental revenues rose by 3.3%, facilitated by the addition of 27 new locations, although physical utilization fell by 240 basis points to 67.6%. The company's fleet size, measured by original equipment cost, increased by 8.1%, reaching nearly $3 billion. Gross margins on rental equipment sales remained robust, exceeding 60%, although overall gross margins dipped to 44.5% from 47% a year earlier. The adjusted EBITDA margin declined to 45.6%. H&E's expansion efforts included the opening of 16 new branches in 2024, contributing to a 54% increase in branch count since 2021. The company remains optimistic about 2025, supported by positive indicators like the Dodge Momentum Index, while maintaining disciplined capital expenditure and rental rate strategies amidst a mixed non-residential construction spending environment.Branch Expansion Achievements
A record number of 8 branches were added in the third quarter, with a ninth branch opened in October. This expansion exceeded the company's expectations, growing their presence to 157 locations across 32 states, representing a 14% increase since the end of 2023 and approximately 54% since the end of 2021.
Mega Project Opportunities
H&E Equipment is actively participating in mega projects, with projects valued at $537 billion within their operational regions. The company is deployed on nearly half of these projects, which include data centers, solar and wind farms, and LNG export facilities.
Equipment Rental Revenue Growth
Total equipment rental revenues improved by 3.3% in the quarter, with a 9.2% increase on a trailing 12-month basis compared to the same period in 2023.
Strong Rental Equipment Margins
Margins on the sales of rental equipment exceeded 60% in the quarter, indicating strong profitability from equipment sales.
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HEES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HEES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $56.33 | $52.77 | -6.32% |
| Jul 30, 2024 | $52.41 | $49.80 | -4.98% |
| Apr 30, 2024 | $58.26 | $47.51 | -18.45% |
| Feb 22, 2024 | $53.64 | $52.52 | -2.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does H&E Equipment Services (HEES) report earnings?
H&E Equipment Services (HEES) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is H&E Equipment Services (HEES) earnings time?
H&E Equipment Services (HEES) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HEES EPS forecast?
HEES EPS forecast for the fiscal quarter 2024 (Q4) is $0.81.
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