H&E Equipment Services Reports Quarterly Cash Dividend
August 11 2023 - 4:05PM
Business Wire
H&E Equipment Services, Inc. (NASDAQ: HEES) today announced
that its Board of Directors declared a regular quarterly cash
dividend on August 11, 2023, 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 15, 2023, for stockholders of
record as of the close of business on August 30, 2023.
About H&E Equipment Services, Inc.
Founded in 1961, H&E Equipment Services, Inc. is one of the
largest rental equipment companies in the nation. The Company’s
fleet is among the industry’s youngest and most versatile with a
superior equipment mix comprised of aerial work platforms,
earthmoving, material handling, and other general and specialty
lines. H&E serves a diverse set of end markets in many
high-growth geographies including branches throughout the Pacific
Northwest, West Coast, Intermountain, Southwest, Gulf Coast,
Southeast, Midwest, and Mid-Atlantic regions.
Forward-Looking Statements
Statements contained in this press release that are not
historical facts, including statements about H&E’s beliefs and
expectations, are “forward-looking statements” within the meaning
of the federal securities laws. 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)
risks related to a global pandemic and similar health concerns,
such as the scope and duration of the outbreak, government actions
and restrictive measures implemented in response to the pandemic,
material delays and cancellations of construction or infrastructure
projects, labor shortages, supply chain disruptions and other
impacts to the business; (2) general economic conditions and
construction and industrial activity in the markets where we
operate in North America; (3) our ability to forecast trends in our
business accurately, and the impact of economic downturns and
economic uncertainty on the markets we serve (including as a result
of current uncertainty due to inflation and increasing interest
rates); (4) the impact of conditions in the global credit and
commodity markets and their effect on construction spending and the
economy in general; (5) trends in oil and natural gas which could
adversely affect the demand for our services and products; (6) our
inability to obtain equipment and other supplies for our business
from our key suppliers on acceptable terms or at all, as a result
of supply chain disruptions, insolvency, financial difficulties,
supplier relationships or other factors; (7) increased maintenance
and repair costs as we age our fleet and decreases in our
equipment’s residual value; (8) our indebtedness; (9) risks
associated with the expansion of our business and any potential
acquisitions we may make, including any related capital
expenditures, or our ability to consummate such acquisitions; (10)
our possible inability to integrate any businesses we acquire; (11)
competitive pressures; (12) security breaches, cybersecurity
attacks, failure to protect personal information, compliance with
data protection laws and other disruptions in our information
technology systems; (13) adverse weather events or natural
disasters; (14) risks related to climate change and climate change
regulation; (15) compliance with laws and regulations, including
those relating to environmental matters, corporate governance
matters and tax matters, as well as any future changes to such laws
and regulations; and (16) other factors discussed in our public
filings, including the risk factors included in the Company’s most
recent Annual Report on Form 10-K and the Company's most recent
Quarterly Report on Form 10-Q. 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 Securities and
Exchange Commission, we are under no obligation to publicly update
or revise any forward-looking statements after the date of this
release, whether as a result of any new information, future events
or otherwise. 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. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230809227797/en/
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
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