H&E Equipment Services, Inc. Reports Fourth Quarter and Full Year 2023 Results
Gross profit increased 16.9% in the fourth quarter of 2023 to $186.3 million compared to $159.4 million in the fourth quarter of 2022.
- Gross profit increased 16.9% in the fourth quarter of 2023 to $186.3 million compared to $159.4 million in the fourth quarter of 2022.
- On average, rental rates in the fourth quarter of 2023 were 3.8% better than rates in the fourth quarter of 2022.
- Dollar utilization for the fourth quarter of 2023 was 40.3% compared to 41.9% in the fourth quarter of 2022.
- Interest expense was $16.3 million for the fourth quarter of 2023 compared to $13.5 million in fourth quarter of 2022.