H&E Equipment Services Reports Second Quarter 2018 Results
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H&E Equipment Services (HEES) Tops Q2 EPS by 13c, Beats on Revenues
July 26, 2018 7:46 AM EDTH&E Equipment Services (NASDAQ: HEES) reported Q2 EPS of $0.58, $0.13 better than the analyst estimate of $0.45. Revenue for the quarter came in at $310.4 million versus the consensus estimate of $282.26 million.
SECOND QUARTER 2018 SUMMARY1
Revenues increased 24.5% to $310.4 million versus $249.4 million a year ago. Included in total revenues were $9.8 million from the legacy CEC business (CEC) which we acquired on January 1, 2018, and $7.6 million from the legacy Rental Inc. business, which we acquired on April 2, 2018.Net income was $20.8 million in the second quarter compared to net income of $9.9 million a year ago. The... More