Core Viewpoint - Herc Holdings Inc. and H&E Equipment Services, Inc. have completed a tender offer for H&E Shares as part of a merger agreement, with the acquisition expected to close on June 2, 2025 [1][3]. Group 1: Tender Offer Details - The tender offer expired on May 29, 2025, with 25,369,090 H&E Shares validly tendered, representing approximately 69.33% of the outstanding shares [2]. - All conditions to the tender offer have been satisfied or waived, and the tendered shares will be accepted for payment [2]. Group 2: Merger Completion - The acquisition is anticipated to close on June 2, 2025, at which point H&E will become a wholly-owned subsidiary of Herc [3][4]. - Following the merger, H&E Shares will cease trading on the Nasdaq Stock Market [4]. Group 3: Company Profiles - Herc Holdings Inc. operates through Herc Rentals Inc. and has 453 locations across North America, with total revenues of approximately $3.6 billion in 2024 [5]. - H&E Equipment Services, Inc. is one of the largest rental equipment companies in the U.S., serving diverse end markets across various high-growth geographies [6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-51759 H&E Equipment Services, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 81-0553291 (State or Other Jurisdiction o ...

Financial Performance - Total revenues for the first quarter of 2025 were $319.5 million, a decline of 14.0% compared to $371.4 million in the first quarter of 2024[7] - Net loss for the first quarter of 2025 was $6.2 million, or $0.17 per diluted share, compared to net income of $25.9 million, or $0.71 per diluted share, in the first quarter of 2024[15] - Adjusted EBITDA totaled $131.2 million, representing a decrease of 18.9% compared to $161.7 million in the first quarter of 2024, with adjusted EBITDA margins at 41.1%[16] - Gross profit for the first quarter was $123.6 million, down 25.0% from $164.9 million in the first quarter of 2024, with total gross margin declining to 38.7%[9] - Equipment rental revenues decreased by 7.2% to $274.0 million from $295.3 million in the same quarter of 2024[8] - Total revenues for Q1 2025 were $319.5 million, a decrease of 14% from $371.4 million in Q1 2024[30] - Equipment rentals revenue was $274.0 million, down 7% from $295.3 million year-over-year[30] - Gross profit decreased to $123.6 million, down 25% from $164.9 million in the same quarter last year[30] - Adjusted EBITDA for Q1 2025 was $131.2 million, down from $161.7 million in Q1 2024[35] - Rental revenues gross margin was 38.2%, down from 43.3% in Q1 2024[37] Expenses and Debt - Selling, General, and Administrative expenses were $111.6 million, a decrease of 2.4% compared to $114.3 million in the first quarter of 2024[11] - Total debt as of March 31, 2025, was $1.37 billion, a reduction from $1.45 billion a year earlier[32] - Cash balance decreased to $10.3 million from $16.4 million year-over-year[32] - The company incurred transaction expenses of $9.8 million in Q1 2025[30] Operational Metrics - Average rental rates, excluding acquisitions, declined by 2.0% compared to the first quarter of 2024[11] - Time utilization based on original equipment cost was 60.3% in the first quarter of 2025, down from 63.6% in the same quarter of 2024[9] - The original equipment cost of the rental fleet as of March 31, 2025, was approximately $2.9 billion, an increase of 3.8% compared to the previous year[10] Strategic Developments - The company plans to close the merger with Herc Rentals in mid-2025, which is expected to enhance operational resiliency[6] Market Risks - The company is facing risks related to supply chain disruptions and economic uncertainties impacting construction spending[26]

Financial Performance - Total revenues for the first quarter of 2025 were $319.5 million, a decline of 14.0% compared to $371.4 million in the first quarter of 2024 [6][13] - Total equipment rental revenues decreased to $274.0 million, down 7.2% from $295.3 million in the same quarter of 2024 [6][34] - The company reported a net loss of $6.2 million, or $0.17 per diluted share, compared to a net income of $25.9 million, or $0.71 per diluted share, in the first quarter of 2024 [13][26] Gross Profit and Margins - Gross profit for the first quarter of 2025 was $123.6 million, a decrease of 25.0% from $164.9 million in the first quarter of 2024 [7][14] - Total gross margin declined to 38.7% in the first quarter of 2025, down from 44.4% in the same quarter of 2024 [7][8] - Equipment rental gross margins were 38.2% compared to 43.3% in the first quarter of 2024 [7][34] Rental Fleet and Utilization - The original equipment cost of the rental fleet was approximately $2.9 billion, an increase of 3.8% compared to the end of the first quarter of 2024 [9][29] - Average time utilization based on original equipment cost was 60.3%, down from 63.6% in the first quarter of 2024 [7][8] - Dollar utilization was 33.1% compared to 37.0% in the first quarter of 2024 [9] Expenses and Adjusted Metrics - Selling, General, and Administrative (SG&A) expenses were $111.6 million, a decrease of 2.4% from $114.3 million in the first quarter of 2024 [10] - Adjusted EBITDA for the first quarter of 2025 totaled $131.2 million, a decrease of 18.9% compared to $161.7 million in the same quarter of 2024 [14][33] - Adjusted net income, excluding transaction expenses, was $1.2 million compared to net income of $25.9 million in the first quarter of 2024 [13][31] Strategic Developments - The company is pursuing a branch expansion strategy, with four openings in the first quarter and one in the second quarter of 2025 [3] - The planned merger with Herc Rentals is expected to enhance operational resiliency and is anticipated to close in mid-2025 [4][11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (State or Other Jurisdiction of FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-51759 H&E EQUIPMENT SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Incorporat ...

Exhibit 99.1 News Release Contacts: Leslie S. Magee Chief Financial Officer 225-298-5261 lmagee@he-equipment.com Jeffrey L. Chastain Vice President of Investor Relations 225-952-2308 jchastain@he-equipment.com H&E Rentals Reports Fourth Quarter and Full Year 2024 Results BATON ROUGE, La. -- (February 21, 2025) -- H&E Equipment Services, Inc. (NASDAQ: HEES) ("H&E", the "Company", d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted ...

BATON ROUGE, La., Feb. 21, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”, the “Company”, d/b/a "H&E Rentals") today announced results for the fourth quarter and full year ended December 31, 2024. Also, the Company noted its agreement to be acquired by Herc Holdings Inc. (NYSE: HRI) announced earlier this week, which will bring together two companies with a combined 120 years of industry experience who are committed to customer service and excellence. FOURTH QUARTER 2024 SUMMARY ...

NEW YORK, Feb. 19, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by H&E Equipment Services, Inc. (NASDAQ: HEES) and its board of directors concerning the proposed acquisition of the company by Herc Holdings Inc. (NYSE: HRI). Stockholders will receive $78.75 and 0.1287 shares of Herc Holdings common stock for each share of H&E Equipment stock that they hold. The transaction is expected to close in mid-2025.If you are a stockholder of H&E Equipment Services, Inc. an ...

Group 1: Mergers and Acquisitions - H&E Equipment Services, Inc. has entered into a definitive agreement with United Rentals, Inc. for $92.00 per share [1] - ACELYRIN, INC. has agreed to be acquired by Alumis Inc. for 0.4274 shares of Alumis common stock for each share of ACELYRIN common stock, resulting in Alumis stockholders owning approximately 55% and Acelyrin stockholders 45% of the combined company on a fully diluted basis [2] - Portman Ridge Finance Corporation will be acquired by Logan Ridge Finance Corporation, with Portman Ridge remaining the surviving public entity and continuing to trade on Nasdaq under the symbol "PTMN" [3] - The Interpublic Group of Companies, Inc. has entered into a definitive agreement with Omnicom for 0.344 Omnicom shares for each share of Interpublic common stock, leading to Omnicom shareholders owning 60.6% and Interpublic 39.4% of the combined company on a fully diluted basis [3] Group 2: Shareholder Rights and Legal Actions - Kuehn Law, PLLC is investigating potential claims related to the proposed mergers, focusing on whether the Boards acted to maximize shareholder value, failed to disclose material information, and conducted a fair process [1] - Shareholders are encouraged to get involved to contribute to the integrity and fairness of the financial markets, with Kuehn Law covering all case costs and not charging its investor clients [4]

BATON ROUGE, La., Feb. 07, 2025 (GLOBE NEWSWIRE) -- H&E Equipment Services, Inc. (NASDAQ:HEES) ("H&E", the "Company", d/b/a "H&E Rentals") announced that its Board of Directors declared a regular quarterly cash dividend on February 7, 2025, to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on February 24, 2025, for stockholders of record as of the close of business on February 18, 2025. About H&E Rentals Founded in 1961, H&E is on ...