H&E Equipment Services Reports First Quarter 2021 Results

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Go back to H&E Equipment Services Reports First Quarter 2021 Results

H&E Equipment Services (HEES) Misses Q4 EPS by 4c, Revenues Beat

April 27, 2021 7:07 AM EDT

H&E Equipment Services (NASDAQ: HEES) reported Q4 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $278.4 million versus the consensus estimate of $267.95 million.

FIRST QUARTER 2021 SUMMARY

Revenues decreased 2.6% to $278.4 million versus $285.9 million a year ago.Net income was $4.2 million compared to a net loss of $(37.0) million a year ago. Included in the first quarter 2020 net loss was a $62.0 million pre-tax non-cash goodwill impairment charge. Excluding the impairment charge, net income was $10.8 million a year ago. The effective income tax rate was 27.1% in the first... More