H&E Equipment Services, Inc. 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 December 9, 2016 for stockholders of record as of the close of business on November 21, 2016.
About H&E Equipment Services, Inc.
The Company is one of
the largest integrated equipment services companies in the United
States with 77 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)
compliance with laws and regulations, including those relating to
environmental matters and corporate governance matters; and (11) 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/20161110006189/en/
H&E Equipment Services, Inc.
Leslie S. Magee, 225-298-5261
Chief
Financial Officer
lmagee@he-equipment.com
or
Kevin
S. Inda, 225-298-5318
Vice President of Investor Relations
kinda@he-equipment.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.