Post by account_disabled on Oct 19, 2023 1:30:45 GMT -5
This week, H&E Equipment Services ( HEES ) released its second quarter (2Q23) results , which were excellent. We recently added H&E Equipment Services to the Nord Global portfolio and we believe that the company has great potential for sales and profit growth over the next few quarters, which should reflect favorably on the shares listed on the stock exchange. The company operates in the infrastructure segment , more specifically renting equipment for construction projects, as well as selling new and used machines and providing services in the area. With an expansion plan underway, the company intends to open dozens of points of sale throughout this year and also in 2024. The expectation is for strong growth in revenues , given that the non-residential construction segment in the United States is in a good phase, mainly due to works carried out by the government to revitalize the country's infrastructure, as well as the hiring of large manufacturing projects around the entire country.
We reiterate our BUY recommendation for H&E Equipment Services (HEES). Operation H&E Equipment was formed in 2002 through the merger of Head & Engquist (a subsidiary of Gulf Wide Industries) and ICM Equipment Company . Prior to the merger, the regional, integrated equipment services companies cell phone number list Head & Engquist (founded in 1961 by Tom Engquist and Frank Head) and ICM Equipment Company (founded in 1971) operated in contiguous geographic markets . H&E Equipment Services Inc. is an American company operating in the construction and industrial equipment rental and sales industry . The company has grown significantly in recent years and currently has more than 100 touchpoints across the country. Locations where H&E Equipment Services is present Source: H&E Equipment Services H&E Equipment operations H&E Equipment Services' main sources of revenue are the rental and sale of construction and industrial equipment.
The company operates in several segments, including construction, mining, oil and gas, industrial, among others. Rental revenue represents the majority of the company's revenue, while sales revenue represents a smaller portion. The company operates in several segments , including heavy construction equipment, light construction equipment, lifting equipment, earthmoving equipment, oil and gas equipment, mining and industrial equipment. H&E has a diversified portfolio of equipment to meet the needs of its customers in various sectors and today has more than 45 thousand consumers spread throughout the United States. H&E Equipment Source: H&E Equipment Services The numbers The Equipment Rental segment generates about 77% of revenue and focuses on four main types of construction and industrial equipment: hi-lift or aerial work platforms, cranes, earthmoving equipment and material handling equipment.
We reiterate our BUY recommendation for H&E Equipment Services (HEES). Operation H&E Equipment was formed in 2002 through the merger of Head & Engquist (a subsidiary of Gulf Wide Industries) and ICM Equipment Company . Prior to the merger, the regional, integrated equipment services companies cell phone number list Head & Engquist (founded in 1961 by Tom Engquist and Frank Head) and ICM Equipment Company (founded in 1971) operated in contiguous geographic markets . H&E Equipment Services Inc. is an American company operating in the construction and industrial equipment rental and sales industry . The company has grown significantly in recent years and currently has more than 100 touchpoints across the country. Locations where H&E Equipment Services is present Source: H&E Equipment Services H&E Equipment operations H&E Equipment Services' main sources of revenue are the rental and sale of construction and industrial equipment.
The company operates in several segments, including construction, mining, oil and gas, industrial, among others. Rental revenue represents the majority of the company's revenue, while sales revenue represents a smaller portion. The company operates in several segments , including heavy construction equipment, light construction equipment, lifting equipment, earthmoving equipment, oil and gas equipment, mining and industrial equipment. H&E has a diversified portfolio of equipment to meet the needs of its customers in various sectors and today has more than 45 thousand consumers spread throughout the United States. H&E Equipment Source: H&E Equipment Services The numbers The Equipment Rental segment generates about 77% of revenue and focuses on four main types of construction and industrial equipment: hi-lift or aerial work platforms, cranes, earthmoving equipment and material handling equipment.