H&E Equipment Services (HEES) Misses Q1 EPS by 5c
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H&E Equipment Services Reports First Quarter 2020 Results and Announces Non-Cash Goodwill Impairment Charge
May 8, 2020 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, 2020, including a $62.0 million non-cash goodwill impairment charge.
FIRST QUARTER 2020 SUMMARY
Revenues decreased 8.8% to $285.9 million versus $313.6 million a year ago. Included in the first quarter 2020 net loss was a $62.0 million pre-tax non-cash goodwill impairment charge. Net loss was $37.0 million in the first quarter compared to net income of $14.2 million a year ago. The effective income tax rate was 21.9% in the... More