Company Website:
http://www.he-equipment.com
BATON ROUGE, La. -- (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 9, 2016 for
stockholders of record as of the close of business on February 23, 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 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” 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) the pace of economic recovery in areas
affecting our business (although we have experienced an upturn in our
business activities from the most recent economic downturn and related
decreases in construction and industrial activities, there is no
certainty that this trend will continue; if the pace of the recovery
slows or construction and industrial activities decline, our revenues
and operating results may be severely affected); (3) the impact of
conditions of the global credit markets and their effect on construction
spending activity 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 effectively 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160212005070/en/
Contacts:
H&E Equipment Services, Inc.
Leslie S. Magee, 225-298-5261
Chief
Financial Officer
lmagee@he-equipment.com
or
Corporate
Communications, Inc. (CCI)
Kevin S. Inda, 941-792-1680
kevin.inda@cci-ir.com
Source: H&E Equipment Services, Inc.
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