H&E Equipment Services, Inc. (HEES)

H&E Equipment Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,518	1,469	1,245	1,063	999.79	1,115
Other Revenue	-	-	-	-	7.18	8.33
Revenue	1,518	1,469	1,245	1,063	1,007	1,124
Revenue Growth (YoY)	5.69%	18.06%	17.10%	5.54%	-10.39%	-9.30%
Cost of Revenue	824.37	784.76	689.36	647.43	649.91	680.94
Gross Profit	693.94	684.46	555.16	415.36	357.06	442.82
Selling, General & Admin	437.24	398.39	338.24	286.67	262.4	282.87
Operating Expenses	443.98	405.13	343.05	290.79	266.4	286.97
Operating Income	249.96	279.33	212.12	124.57	90.67	155.85
Interest Expense	-71.71	-60.89	-54.03	-53.76	-61.79	-68.28
Other Non Operating Income (Expenses)	6.02	7.38	4.11	3.16	3.18	3.96
EBT Excluding Unusual Items	184.26	225.82	162.19	73.98	32.06	91.52
Merger & Restructuring Charges	-1.2	-0.3	-0.8	-	-	-0.42
Impairment of Goodwill	-	-5.71	-	-	-55.66	-3.72
Gain (Loss) on Sale of Assets	7.97	3.39	19.34	7.75	8.41	4.53
Other Unusual Items	-	-	-	-	-44.63	-
Pretax Income	191.03	223.2	180.73	81.72	-59.82	91.93
Income Tax Expense	47.29	53.9	47.04	21.16	-13.43	22.74
Earnings From Continuing Operations	143.74	169.29	133.69	60.56	-46.4	69.19
Earnings From Discontinued Operations	-	-	-1.52	41.98	13.73	18.02
Net Income	143.74	169.29	132.17	102.54	-32.67	87.21
Net Income to Common	143.74	169.29	132.17	102.54	-32.67	87.21
Net Income Growth	-13.89%	28.09%	28.90%	-	-	13.82%
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	36	36	36	36	36	36
Shares Change (YoY)	1.48%	0.67%	-0.99%	1.06%	0.09%	0.36%
EPS (Basic)	3.97	4.69	3.68	2.83	-0.91	2.43
EPS (Diluted)	3.94	4.66	3.66	2.81	-0.91	2.42
EPS Growth	-15.20%	27.40%	30.10%	-	-	13.62%
Free Cash Flow	95.9	-176.46	-118.96	-59.23	292.58	94.01
Free Cash Flow Per Share	2.63	-4.86	-3.30	-1.62	8.11	2.61
Dividend Per Share	1.100	1.100	1.100	1.100	1.100	1.100
Gross Margin	45.70%	46.59%	44.61%	39.08%	35.46%	39.40%
Operating Margin	16.46%	19.01%	17.04%	11.72%	9.00%	13.87%
Profit Margin	9.47%	11.52%	10.62%	9.65%	-3.24%	7.76%
Free Cash Flow Margin	6.32%	-12.01%	-9.56%	-5.57%	29.06%	8.37%
EBITDA	303.56	320.72	245.69	156.01	124.17	188.57
EBITDA Margin	19.99%	21.83%	19.74%	14.68%	12.33%	16.78%
D&A For EBITDA	53.6	41.39	33.58	31.44	33.51	32.72
EBIT	249.96	279.33	212.12	124.57	90.67	155.85
EBIT Margin	16.46%	19.01%	17.04%	11.72%	9.00%	13.87%
Effective Tax Rate	24.76%	24.15%	26.03%	25.89%	-	24.73%
Revenue as Reported	1,518	1,469	1,245	1,063	1,007	1,124
Advertising Expenses	-	1.1	1	1.1	0.2	0.6

Source: S&P Capital IQ. Standard template. Financial Sources.