H&E Equipment (HEES) Inks Deal to Buy Lewistown Rental [Yahoo! Finance]
Proto Labs, Inc. Common stock (PRLB)
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Source: Yahoo! Finance
The deal is expected to complement HEES' current branch facilities in Billings and Belgrade. Lewistown Rental is a Lewistown, MT-based equipment rental company that, along with its affiliated operations, has experienced immense growth in recent years. It has served a distinct customer base in the underdeveloped markets in northern and central Montana, utilizing an extensive range of equipment. The company and its affiliates operate a broad fleet of equipment, with an estimated fleet worth $28.5 million. The transaction is expected to close in the second quarter of 2024, subject to the satisfaction of standard closing conditions. Following the completion of the transaction, HEES' equipment rental operations will expand to 145 locations across 30 states. H&E Equipment came out with quarterly earnings of $1.47 per share in the fourth quarter of 2023, beating the Zacks Consensus Estimate of $1.20. This compares with earnings of $1.41 a year ago. It posted revenues of $386 million fo
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