HEES - H&E GAAP EPS of $1.14 beats by $0.13 revenue of $360.2M beats by $15.35M
2023-07-27 07:06:36 ET
- H&E press release ( NASDAQ: HEES ): Q2 GAAP EPS of $1.14 beats by $0.13 .
- Revenue of $360.2M (+22.2% Y/Y) beats by $15.35M .
- Total equipment rental revenues were $291.5 million, an increase of $63.9 million, or 28.1%, compared to $227.6 million. Rental revenues were $258.7 million, an increase of $57.5 million, or 28.6%, compared to $201.2 million.
- Used equipment sales increased 110.6% to $39.7 million compared to $18.8 million.
- Average rental rates, excluding One Source, increased 7.1% compared to the second quarter of 2022, and 1.1% compared to the first quarter of 2023.
- Dollar utilization of 40.6% compared to 40.9% in the second quarter of 2022 and 38.6% in the first quarter of 2023.
- Average rental fleet age on June 30, 2023, was 42.5 months compared to an industry average age of 50.3 months.
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H&E GAAP EPS of $1.14 beats by $0.13, revenue of $360.2M beats by $15.35M