H&E Equipment Services (HEES) Misses Q3 EPS by 3c, Revenues Beat

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H&E Equipment Services Reports Third Quarter 2020 Results

October 28, 2020 7:00 AM EDT

BATON ROUGE, La.--(BUSINESS WIRE)-- H&E Equipment Services, Inc. (NASDAQ: HEES) today announced results for the third quarter ended September 30, 2020.

THIRD QUARTER 2020 SUMMARY

Revenues decreased 18.1% to $289.3 million versus $353.0 million a year ago. Net income was $10.1 million in the third quarter of 2020 compared to net income of $28.4 million a year ago. The effective income tax rate was 40.9% in the third quarter of 2020 and 26.7% in the third quarter of 2019. The increase in the effective income tax rate was primarily due to... More