* Q4 net loss $0.35/shr vs year-ago $0.02/shr
* Revenue falls 47 pct
* Sees improvement in latter half of 2010
March 4 H&E Equipment Services Inc (HEES.O)
posted a wider quarterly loss as equipment rentals and new
equipment sales fell sharply.
H&E is focused on heavy construction and industrial
equipment, and provides parts and services for cranes,
industrial lift trucks and earthmoving equipment.
"We fully expected a challenging quarter and we saw little
to no improvement in the segments of the economy that drive
demand for our products and services," Chief Executive John
Engquist said improvement in its end markets will occur in
the latter part of the year as recovery in the sector lags the
For the fourth quarter, the company's net loss was $12.1
million, or 35 cents a share, compared with a loss of $635,000,
or 2 cents a share, a year ago.
Revenue fell 47 percent to $137.7 million.
New equipment sales declined 63 percent, while equipment
rentals fell 42 percent.
Analysts on average were expecting a loss of 10 cents a
share, on revenue of $157.9 million, according to Thomson
Shares of the company closed at $10.38 Wednesday on
(Reporting by A.Ananthalakshmi in Bangalore; Editing by Anne