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Article: H&E Equipment Services Reports Third Quarter 2009 Results.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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H&E Equipment Services, Inc. (NASDAQ: HEES) announced operating results for the third quarter ended September 30, 2009. THIRD QUARTER 2009 SUMMARY Revenues decreased 37.0% to $175.6 million versus $278.6 million a year ago.
EBITDA decreased 56.4% to $29.3 million, or a 16.7% margin, compared to $67.2 million, or a 24.1% margin, a year ago.
Income from operations decreased 86.0% to $5.2 million compared to $37.2 million a year ago.
Net loss was $2.3 million, or ($0.07) per diluted share, compared to net income of $17.6 million, or $0.50 per diluted share.
Reduced debt by $42.0 million during the quarter.
"Our business ...