Company Operations - As of September 30, 2021, H&E Equipment Services operated 101 branch locations across the United States[87]. - H&E Equipment Services has been in the equipment services business for approximately 60 years, with a diverse fleet serving various high-growth geographies[86]. - The company’s rental fleet is among the industry's youngest and most versatile, focusing on construction and industrial equipment[86]. - H&E Equipment Services maintains a dedicated sales force focused by equipment type to manage the size, quality, and composition of its rental fleet[97]. Revenue Breakdown - For the nine-month period ended September 30, 2021, approximately 67.3% of total revenues were attributable to equipment rentals, 13.5% to used equipment sales, 9.0% to new equipment sales, 6.4% to parts sales, 3.2% to services revenues, and 0.6% to non-segmented other revenues[95]. - The company’s revenues are influenced by factors such as demand for rental equipment, rental rates, and general economic conditions[96]. Financial Performance - Total revenues for the three-month period ended September 30, 2021, were approximately $275.4 million, an increase of $23.5 million, or 9.3%, compared to the same period in 2020[119]. - Total revenues for the nine-month period ended September 30, 2021, were approximately $781.5 million, an increase of $42.3 million, or 5.7%, compared to $739.3 million for the same period in 2020[142]. - Total gross profit for the three-month period ended September 30, 2021, was $113.9 million, an increase of $25.9 million, or 29.4%, from $88.0 million in the same period in 2020[129]. - Total gross profit for the nine-month period ended September 30, 2021, was $297.1 million, an increase of $34.2 million, or 13.0%, from $262.9 million in the same period in 2020[152]. - Total gross profit margin for the nine-month period ended September 30, 2021, was approximately 38.0%, an increase of 2.4% from 35.6% in the same period in 2020[152]. Equipment Rental Performance - Equipment rental revenues increased approximately $35.7 million, or 22.1%, to $197.2 million for the three-month period ended September 30, 2021[120]. - Equipment rental revenues increased by $44.5 million, or 9.2%, to $526.0 million for the nine-month period ended September 30, 2021, compared to $481.6 million for the same period in 2020[143]. - Rental revenues increased by $35.8 million, or 8.2%, to $471.0 million for the nine-month period ended September 30, 2021, compared to $435.2 million for the same period in 2020[144]. - Rental equipment dollar utilization for the three-month period ended September 30, 2021, was 38.9%, an increase of 6.0% compared to 32.9% in the same period in 2020[122]. - Gross profit from equipment rentals increased $30.2 million, or 15.8%, to $221.4 million for the nine-month period ended September 30, 2021, with a gross profit margin of approximately 42.1%[152]. Cost and Expenses - Total cost of revenues for the nine-month period ended September 30, 2021, was approximately $484.4 million, with selling, general and administrative expenses at $213.3 million[102]. - SG&A expenses increased by $9.9 million, or 15.3%, to $74.4 million for the three-month period ended September 30, 2021, compared to $64.5 million for the same period in 2020[138]. - SG&A expenses increased $12.8 million, or 6.4%, to $213.3 million for the nine-month period ended September 30, 2021, with SG&A as a percentage of total revenues at 27.3%[162]. Cash Flow and Liquidity - Net cash provided by operating activities was approximately $202.1 million for the nine-month period ended September 30, 2021, compared to $217.1 million in the same period in 2020[167]. - Net cash used in investing activities was approximately $245.7 million for the nine-month period ended September 30, 2021, with purchases of rental and non-rental equipment totaling $363.2 million[169]. - As of September 30, 2021, the company had no outstanding borrowings under its $750 million Credit Facility, with available borrowings of $741.3 million, resulting in a total liquidity position of $976.3 million[175]. - At September 30, 2021, the company had cash on hand of approximately $235 million and available borrowings of $741.3 million, an increase from $724.3 million at September 30, 2020[179]. Strategic Decisions - The company agreed to sell its crane business for $130 million in cash, which closed on October 1, 2021[89]. - The company plans to pursue additional strategic acquisitions and open new start-up locations following the sale of its crane business[176]. - Future capital expenditures will depend on economic conditions and growth prospects, with flexibility to adjust expenditures based on performance[177]. Market Conditions - Equipment rental utilization levels began to improve in March 2021, returning to approximate pre-COVID levels[85]. - The company implemented measures to strengthen cash flow and manage costs in response to the COVID-19 pandemic, including payroll cost reductions and capital expenditure cuts[84]. - The company does not anticipate any negative impacts on liquidity from the COVID-19 pandemic or discontinued operations[179]. - There have been no significant changes in market risk exposure during the three months ended September 30, 2021[183].

THIRD QUARTER 2021 EARNINGS CONFERENCE November 2, 2021 Earnings Conference NASDAQ: HEES Third Quarter 2021 Earnings Conference Brad Barber CHIEF EXECUTIVE OFFICER John Engquist PRESIDENT & CHIEF OPERATING OFFICER Leslie Magee CHIEF FINANCIAL OFFICER Jeff Chastain VICE PRESIDENT OF INVESTOR RELATIONS November 2, 2021 Third Quarter 2021 Earnings Conference 2 Legal Disclaimers Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the federal securities laws. ...

SECOND QUARTER 2021 EARNINGS CONFERENCE August 3, 2021 Earnings Conference NASDAQ: HEES Second Quarter 2021 Earnings Conference John Engquist EXECUTIVE CHAIRMAN OF THE BOARD Brad Barber CHIEF EXECUTIVE OFFICER Leslie Magee CHIEF FINANCIAL OFFICER Jeff Chastain VICE PRESIDENT OF INVESTOR RELATIONS August 3, 2021 Second Quarter 2021 Earnings Conference 2 Legal Disclaimers Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the federal securities laws. Stat ...

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 June 30, 2021 ☐ 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 of ...

H&E Equipment Services, Inc. (NASDAQ:HEES) Q2 2021 Earnings Conference Call August 3, 2021 10:00 AM ET Company Participants Jeff Chastain - VP of IR John Engquist - Executive Chairman of the Board of Directors Bradley Barber - CEO Leslie Magee - CFO and Corporate Secretary Conference Call Participants Steven Ramsey - Thompson Research Group Stanley Elliott - Stifel Operator Good morning and welcome to H&E Equipment Services Second Quarter 2021 Earnings Conference Call. Today's call is being recorded. At thi ...

H&E Equipment Services, Inc. (NASDAQ:HEES) Q1 2021 Earnings Conference Call April 27, 2021 10:00 AM ET Company Participants Kevin Inda - Vice President of Investor Relations Bradley Barber - Chief Executive Officer Leslie Magee - Chief Financial Officer and Secretary Conference Call Participants Steven Ramsey - Thompson Research Group, LLC Stanley Elliott - Stifel, Nicolaus & Company, Inc. Ross Gilardi - Bank of America Merrill Lynch Steven Fisher - UBS Investment Bank Barry Haimes - Sage Asset Management, ...

E EQUIPMENT SERVICES. First Quarter 2021 Earnings Conference PMENT SERVICES. Earnings Conference First Quarter 2021 Earnings Conference John Engquist EXECUTIVE CHAIRMAN OF THE BOARD Brad Barber CHIEF EXECUTIVE OFFICER Leslie Magee CHIEF FINANCIAL OFFICER Kevin Inda VICE PRESIDENT OF INVESTOR RELATIONS April 27, 2021 NASDAQ: HEES First Quarter 2021 Earnings Conference 2 Legal Disclaimers Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the federal secu ...

Financial Performance - Q4 2020 - Total revenue decreased by 93% to $3156 million compared to Q4 2019's $3481 million[8,22] - Adjusted EBITDA decreased by 198% to $1016 million from $1268 million in Q4 2019[8,37,38] - Rental revenue decreased by 151% to $1496 million compared to $1763 million in Q4 2019[12,24] - Net loss was $(146) million, compared to net income of $219 million in Q4 2019[32,34] Adjusted net income was $166 million, compared to $319 million in Q4 2019[32,34] Financial Performance - Full Year 2020 - Total revenue decreased by 133% to $12 billion[54] - Rental revenue decreased by 138% to $5984 million[54] - Adjusted EBITDA decreased by 166% to $3948 million[55] - Free cash flow was $3071 million, compared to a use of free cash flow of $(67) million in 2019[57] Operational Metrics - Physical utilization increased by 160 bps sequentially to 654%[8] - Rental rates decreased by 45% compared to Q4 2019[12] - Fleet size decreased by 92% year-to-date[8,24] Market and Fleet - Oil and gas exposure remains low at 4% of total revenues[17] - Non-residential construction accounts for 64% of total revenues[19,20]

H&E Equipment Services, Inc. (NASDAQ:HEES) Q4 2020 Earnings Conference Call February 17, 2021 10:00 AM ET Company Participants Kevin Inda - Vice President, Investor Relations Brad Barber - Chief Executive Officer Leslie Magee - Chief Financial Officer and Secretary Conference Call Participants Steven Ramsey - Thompson Research Group Steven Fisher - UBS Stanley Elliott - Stifel Operator Good morning, and welcome to H&E Equipment Services Fourth Quarter 2020 Earnings Conference Call. Today's call is being rec ...

E EQUIPMENT SERVICES. Third Quarter 2020 Earnings Conference Third Quarter 2020 Earnings Conference John Engquist EXECUTIVE CHAIRMAN OF THE BOARD Brad Barber CHIEF EXECUTIVE OFFICER AND PRESIDENT Leslie Magee CHIEF FINANCIAL OFFICER Kevin Inda VICE PRESIDENT OF INVESTOR RELATIONS October 28, 2020 Earnings Conference NASDAQ: HEES Third Quarter 2020 Earnings Conference 2 Legal Disclaimers Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the federal secu ...