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Earnings Call Summary | H&E Equipment Services(HEES.US) Q1 2024 Earnings Conference

Earnings Call Summary | H&E Equipment Services(HEES.US) Q1 2024 Earnings Conference

财报电话会议摘要 | H&E 设备服务 (HEES.US) 2024 年第一季度财报会议
moomoo AI ·  04/30 19:54  · 电话会议

The following is a summary of the H&E Equipment Services, Inc. (HEES) Q1 2024 Earnings Call Transcript:

以下是H&E设备服务公司(HEES)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • H&E Equipment Services Inc. reported a growth of 15.2% in total revenues, amounting to $371.4 million in Q1 2024 compared to Q1 2023.

  • The company's revenues from equipment rental improved by 12.7%, while sales of rental equipment rose by 49.8% year-over-year.

  • Sales of new equipment also improved, rising to $10.4 million in Q1, 33.2% ahead of the same period last year.

  • The company's gross profit totalled $164.9 million, up by 16.6%.

  • H&E reported an adjusted EBITDA margin of 43.6% in the quarter, a 13.1% improvement from the previous year.

  • H&E Equipment Services Inc.报告称,与2023年第一季度相比,2024年第一季度的总收入增长了15.2%,达到3.714亿美元。

  • 该公司的设备租赁收入增长了12.7%,而租赁设备的销售同比增长了49.8%。

  • 新设备的销售额也有所改善,第一季度增至1,040万美元,比去年同期增长33.2%。

  • 该公司的毛利总额为1.649亿美元,增长了16.6%。

  • H&E报告称,本季度调整后的息税折旧摊销前利润率为43.6%,比上年增长13.1%。

Business Progress:

业务进展:

  • H&E continues successful expansion efforts with significant growth in its branch network and rental fleet.

  • The company has undertaken Sectors contributing to this growth are construction of data centers, semiconductor fabrication facilities, green energy projects, road and highway construction, and transportation facilities.

  • The company has moderated its 2024 guidance for gross fleet investment in light of expected slowing industry growth.

  • H&E has grown its branch network by over 40% in the past three years and continues to focus on future expansions, with 12-15 new locations planned for this year.

  • Despite a projected decrease in CapEx for the next year, plans to sustain and even augment rental fleet inventory are in place.

  • H&E intends to utilize acquired entities for growth, with one such acquisition already completed and another on the horizon. They also achieved record margins on equipment sales due to optimal fleet age and strong used equipment markets.

  • The company has also observed improved rental rates and utilization and expects to generate substantial free cash flow in the upcoming quarters.

  • H&E 继续成功进行扩张,分支机构网络和租赁机队大幅增长。

  • 该公司承担的推动这一增长的领域包括数据中心建设、半导体制造设施、绿色能源项目、道路和公路建设以及交通设施。

  • 鉴于预计行业增长放缓,该公司已下调了2024年的机队投资总额预期。

  • 在过去三年中,H&E 的分支机构网络增长了40%以上,并将继续专注于未来的扩张,今年计划新建12-15个分支机构。

  • 尽管预计明年的资本支出将下降,但维持甚至增加租赁车队库存的计划已经到位。

  • H&E打算利用被收购的实体促进增长,其中一项收购已经完成,另一项收购即将完成。由于最佳的机队年龄和强劲的二手设备市场,他们的设备销售利润率也创下了创纪录的水平。

  • 该公司还观察到租金和利用率有所提高,预计未来几个季度将产生可观的自由现金流。

更多详情: H&E 设备服务 IR

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