H&E Equipment Services, Inc. has recently released its 10-Q report, revealing details about its financial performance for the quarter. H&E Equipment Services, Inc. operates as an integrated equipment services company in the United States and internationally, with four segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service, and Other Revenues. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis. Its Sales of Rental Equipment segment sells used equipment from its rental fleet. The Sales of New Equipment segment sells new construction equipment through a professional sales force, and the Parts, Service, and Other Revenues segment provides parts for its rental fleet and maintenance and repair services to its rental fleet and customers' equipment.
In its 10-Q report, H&E Equipment Services, Inc. reported total assets of $2,678,060 as of March 31, 2025, compared to $2,795,530 as of December 31, 2024. The company's cash position decreased to $10,322 from $16,413 during the same period. The report also revealed that the company's net income for the quarter was a loss of $6,208, a significant decrease from the net income of $25,889 reported for the same period in 2024.
The condensed consolidated balance sheets showed that the company's rental equipment, net of accumulated depreciation, was valued at $1,753,700, and its property and equipment, net of accumulated depreciation and amortization, was valued at $246,773. Additionally, the company reported total revenues of $319,455 for the quarter, with equipment rentals contributing $274,032, sales of rental equipment contributing $23,919, sales of new equipment contributing $7,425, and parts, service, and other revenues contributing $14,079.
Furthermore, the company's condensed consolidated statements of cash flows revealed that net cash provided by operating activities was $97,799 for the quarter, while net cash used in investing activities was $3,576, and net cash provided by (used in) financing activities was ($100,314).
The 10-Q report also highlighted the company's non-cash asset purchases, with rental fleet in accounts payable and accrued expenses payable and other liabilities totaling $3,165, and assets transferred from inventory to rental fleet totaling $43,330.
Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $89.62. If you want to know more, read the company's complete 10-Q report here.
