H&E Equipment Services Reports Quarterly Cash Dividend
August 08 2018 - 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 September 7, 2018 for stockholders of record as of the
close of business on August 21, 2018.
About H&E Equipment Services, Inc.
The Company is one of the largest integrated equipment services
companies in the United States with 89 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 and
any potential acquisitions we may make, including any related
capital expenditures, or our inability to consummate such
acquisitions; (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.
These statements are based on the current beliefs and assumptions
of H&E’s management, which in turn are based on currently
available information and important, underlying assumptions.
H&E is under no obligation to publicly update or revise any
forward-looking statements after this press release, whether as a
result of any new information, future events or otherwise.
Investors, potential investors, security holders and other readers
are urged to consider the above mentioned factors carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180808005098/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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