First Quarter Rental Revenues Increase 23% for H&E Equipment Services

H&E Equipment Services Inc. today announced results for the first quarter ended March 31, 2012.


-- Revenues increased 28.7% to $173.7 million versus $134.9 million a year ago with revenues increasing in all segments.

-- Net income increased to $4.0 million in the first quarter compared to a net loss of $6.5 million a year ago.

-- EBITDA increased 82.0% to $38.7 million from $21.3 million a year ago, yielding a margin of 22.3% compared to 15.8% of revenues a year ago.

-- Rental revenues increased 23.0%, or $11.2 million, to $59.6 million on higher time utilization, rates and a larger fleet compared to a year ago.

For more about H&E's first quarter financial results...