Market Overview

H&E Equipment Services Reports Quarterly Cash Dividend

Share:

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 7, 2018 for
stockholders of record as of the close of business on August 21, 2018.

About H&E Equipment Services, Inc.

The Company is one of the largest integrated equipment services
companies in the United States with 89 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
and any potential acquisitions we may make, including any related
capital expenditures, or our inability to consummate such acquisitions;
(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. These statements are based on the current beliefs and
assumptions of H&E's management, which in turn are based on currently
available information and important, underlying assumptions. H&E is
under no obligation to publicly update or revise any forward-looking
statements after this press release, whether as a result of any new
information, future events or otherwise. Investors, potential investors,
security holders and other readers are urged to consider the above
mentioned factors carefully in evaluating the forward-looking statements
and are cautioned not to place undue reliance on such forward-looking
statements.

View Comments and Join the Discussion!