H&E Equipment Services (NASDAQ: HEES) reported Q1 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $226.8 million versus the consensus estimate of $235.49 million.

• Revenues decreased 8.2% to $226.8 million versus $247.0 million a year ago.
• Net income was $5.4 million in the first quarter compared to net income of $5.6 million a year ago.
• EBITDA was $68.8 million in the first quarter compared to EBITDA of $69.1 million a year ago, yielding a higher margin of 30.3% of revenues compared to 28.0% a year ago.
• Rental revenues increased 4.4% to $107.3 million in the first quarter compared to $102.8 million a year ago.
• New equipment sales decreased 40.1% to $34.3 million in the first quarter compared to $57.2 million a year ago.
• Used equipment sales increased 4.7% to $28.9 million in the first quarter compared to $27.6 million a year ago.
• Gross margin was 34.2% compared to 32.9% a year ago.
• Rental gross margins were 44.8% in the first quarter of 2017 compared to 45.3% a year ago.
• Average time utilization (based on original equipment cost) was 68.5% compared to 66.3% a year ago. Average time utilization (based on units available for rent) was 66.0% compared to 64.6% last year.
• Average rental rates decreased 0.5% compared to a year ago.
• Dollar utilization was 32.4% in the first quarter compared to 32.2% a year ago.
• Average rental fleet age at March 31, 2017, was 34.1 months compared to an industry average age of 41.9 months.

For earnings history and earnings-related data on H&E Equipment Services (HEES) click here.