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H&E Equipment Services Earnings Call, Second Quarter 2008
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 9:39 AM ET August 24 2008

The equipment services company reported revenue increase of 21.2% to $282.6 million versus $233.1 million in 2007 driving income marginally up to $16.1 million, or 45 cents per diluted share, compared to $15.2 million, or 40 cents per diluted share in 2007. The outlook for the overall economy in the non-residential construction markets has progressively weakened. Due to these factors and a material change to the fleet plan, the firm revised its annual guidance downwards.

 

 

 
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