H&E Equipment Services Reports Quarterly Cash Dividend
22 August 2017 - 6:10AM
Business Wire
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced
that its Board of Directors declared a regular quarterly cash
dividend 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 September 11, 2017 for stockholders of record as of the
close of business on September 1, 2017.
About H&E Equipment Services, Inc.
The Company is one of the largest integrated equipment services
companies in the United States with 79 full-service facilities
throughout the West Coast, Intermountain, Southwest, Gulf Coast,
Mid-Atlantic and Southeast regions. The Company is focused on heavy
construction and industrial equipment and rents, sells and provides
parts and services support for four core categories of specialized
equipment: (1) hi-lift or aerial platform equipment; (2) cranes;
(3) earthmoving equipment; and (4) industrial lift trucks. By
providing equipment rental, sales, on-site parts, repair and
maintenance functions under one roof, the Company is a one-stop
provider for its customers’ varied equipment needs. This full
service approach provides the Company with multiple points of
customer contact, enabling it to maintain a high quality rental
fleet, as well as an effective distribution channel for fleet
disposal and provides cross-selling opportunities among its new and
used equipment sales, rental, parts sales and services
operations.
Forward-Looking Statements
Certain statements in this press release are “forward-looking
statements” within the meaning of the federal securities laws.
Statements that are not historical facts, including statements
about our beliefs and expectations are forward-looking statements.
Statements containing the words “may,” “could,” “would,” “should,”
“believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,”
“project,” “intend,” “foresee” and similar expressions constitute
forward-looking statements. Forward-looking statements involve
known and unknown risks and uncertainties, which could cause actual
results to differ materially from those contained in any
forward-looking statement. Such factors include, but are not
limited to, the following: (1) general economic conditions and
construction and industrial activity in the markets where we
operate in North America; (2) our ability to forecast trends
in our business accurately, and the impact of economic downturns
and economic uncertainty in the markets we serve; (3) the
impact of conditions in the global credit and commodity markets and
their effect on construction spending and the economy in general;
(4) relationships with equipment suppliers; (5) increased
maintenance and repair costs as we age our fleet and decreases in
our equipment’s residual value; (6) our indebtedness;
(7) risks associated with the expansion of our business;
(8) our possible inability to integrate any businesses we
acquire; (9) competitive pressures; (10) security
breaches and other disruptions in our information technology
systems; (11) adverse weather events or natural disasters;
(12) compliance with laws and regulations, including those
relating to environmental matters and corporate governance matters;
and (13) other factors discussed in our public filings,
including the risk factors included in the Company’s most recent
Annual Report on Form 10-K. Investors, potential investors and
other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements. Except as
required by applicable law, including the securities laws of the
United States and the rules and regulations of the SEC, we are
under no obligation to publicly update or revise any
forward-looking statements after the date of this release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170821005636/en/
H&E Equipment Services, Inc.Leslie S. Magee,
225-298-5261Chief Financial Officerlmagee@he-equipment.comorKevin
S. Inda, 225-298-5318Vice President of Investor
Relationskinda@he-equipment.com
H and E Equipment Services (NASDAQ:HEES)
Historical Stock Chart
From Apr 2024 to May 2024
H and E Equipment Services (NASDAQ:HEES)
Historical Stock Chart
From May 2023 to May 2024