H&E Equipment Services Reports Quarterly Cash Dividend
February 15 2017 - 8:00AM
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 March 10, 2017 for stockholders of record as of the close
of business on February 27, 2017.
About H&E Equipment Services, Inc.
The Company is one of the largest integrated equipment services
companies in the United States with 78 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 Statements
Certain 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) security breaches and other disruptions in our
information technology systems; (11) adverse weather events or
natural disasters; (12) compliance with laws and regulations,
including those relating to environmental matters and corporate
governance matters; and (13) 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/20170215005240/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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