H&E Equipment Services (HEES) Tops Q1 EPS by 2c
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H&E Equipment Services Reports First Quarter 2018 Results
April 26, 2018 7:00 AM EDTBATON ROUGE, La.--(BUSINESS WIRE)-- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced results for the first quarter ended March 31, 2018.
FIRST QUARTER 2018 SUMMARY
Revenues increased 14.8% to $260.5 million versus $226.8 million a year ago. Included in total revenues was $11.7 million from the legacy CEC business (CEC) which we acquired on January 1, 2018. Net income was $9.5 million in the first quarter compared to net income of $5.4 million a year ago. The effective income tax rate was 27.5% in the first quarter of 2018 and 36.8% in the first quarter... More