H&E Equipment Services Reports Quarterly Cash Dividend
November 10 2016 - 4:05PM
Business Wire
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 December 9, 2016 for stockholders of record as of the
close of business on November 21, 2016.
About H&E Equipment Services, Inc.The Company is one
of the largest integrated equipment services companies in the
United States with 77 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 StatementsCertain 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; (8) our
possible inability to integrate any businesses we acquire; (9)
competitive pressures; (10) compliance with laws and regulations,
including those relating to environmental matters and corporate
governance matters; and (11) 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161110006189/en/
H&E Equipment Services, Inc.Leslie S. Magee,
225-298-5261Chief Financial Officerlmagee@he-equipment.comorKevin
S. Inda, 225-298-5318Vice President of Investor
Relationskinda@he-equipment.com
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