H&E Equipment Services, Inc. (HEES)

Provider of heavy equipment rental and sales, focused on construction and industrial sectors.

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H&E Equipment Services, Inc. operates as a comprehensive provider of integrated equipment services across various sectors. Founded in 1961 and based in Baton Rouge, Louisiana, the company is organized into five distinct segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services.

The Equipment Rentals segment offers a diverse fleet of approximately 42,725 pieces of construction and industrial equipment available for short-term and long-term rental durations, including daily, weekly, and monthly options. This segment caters to a wide range of industries, providing essential equipment like hi-lift aerial work platforms, cranes, earthmoving machinery, and material handling equipment.

In addition to its rental services, H&E Equipment Services operates robust sales divisions. The Used Equipment Sales segment specializes in retailing used equipment sourced primarily from its rental fleet and acquired through trade-ins. Meanwhile, the New Equipment Sales segment focuses on selling new construction equipment through a dedicated retail sales force.

Furthermore, H&E Equipment Services provides comprehensive support through its Parts Sales and Repair and Maintenance Services segments. The Parts Sales segment supplies equipment parts to both customers and its rental fleet, ensuring operational continuity. The Repair and Maintenance Services segment delivers ongoing maintenance and repair solutions, including preventative maintenance services, enhancing equipment reliability for industrial customers.

With a network encompassing 102 service facilities across the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States as of December 31, 2021, H&E Equipment Services continues to uphold its commitment to delivering quality equipment solutions and reliable customer service nationwide.

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