H&E reports ‘modest oversupply’ of equipment

Murray Pollok Managing Editor, IRN & Director of Content, KHL

04 November 2024

H&E Equipment Services reported softening fleet utilisation, lower rental rates and a “lingering modest oversupply” of equipment as it posted third quarter revenues down 4.0% year-on-year to US$384.9 million. EBITDA profit was 8.4% lower at $175.3 million.

The US rental business said industry demand was lower than the previous year,…

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