H&E Equipment Services, Inc. (HEES) [Rocket]

In millions, except per share items	Dec-31-22	Dec-05-22	Dec-31-21	Dec-05-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	8-K	10-K	8-K	10-K	10-K	10-K	10-K
Revenues:
Equipment rentals							627.2	508.1
New equipment sales							262.9	203.3
Used equipment sales							125.1	107.3
Parts sales							120.5	114.3
Other							103.3	97.0
Total revenues [+]	1,244.5	1,244.5	1,062.8	1,062.8	1,007.0	1,123.8	1,239.0	1,030.0
Services		34.2		33.0
Other		6.2		6.5
Revenue growth [+]	17.1%	17.1%	5.5%		-10.4%	-9.3%	20.3%	5.3%
Equipment rentals							23.4%	14.1%
New equipment sales							29.3%	3.4%
Used equipment sales							16.6%	10.8%
Parts sales							5.4%	-1.5%
Cost of goods sold [+]	689.4	495.8	647.4	414.1	649.9	680.9	800.4	670.1
Cost of services		12.2		11.2
Other cost of sales		8.7		6.6
Gross profit	555.2	748.7	415.4	648.7	357.1	442.8	438.5	359.9
Gross margin	44.6%	60.2%	39.1%	61.0%	35.5%	39.4%	35.4%	34.9%
Selling, general and administrative		343.8		290.8			278.3	232.8
Other selling, general and administrative
Other operating expenses	421.9	159.9	384.2	217.9	520.1	415.2	-14.2	-10.0
EBITDA [+]	162.1		58.5		-133.7	56.0	199.1	160.9
EBITDA growth	177.2%	74.9%	-143.7%		-338.6%	-71.9%	23.7%	13.9%
EBITDA margin	13.0%	19.7%	5.5%	13.2%	-13.3%	5.0%	16.1%	15.6%
Depreciation	28.8		27.3		29.4	28.4	21.3	23.8
EBITA	133.3	245.0	31.1	140.1	-163.1	27.6	177.8	137.1
EBITA margin	10.7%	19.7%	2.9%	13.2%	-16.2%	2.5%	14.4%	13.3%
Amortization of intangibles							3.3
EBIT [+]	133.3	245.0	31.1	140.1	-163.1	27.6	174.5	137.1
EBIT growth	328.3%	74.9%	-119.1%		-690.7%	-84.2%	27.2%	20.2%
EBIT margin	10.7%	19.7%	2.9%	13.2%	-16.2%	2.5%	14.1%	13.3%
Non-recurring items [+]		16.8		7.7			7.8	-0.8
Loss (gain) on sale of assets		16.8		7.7			7.1	5.0
Interest expense		54.0		53.8			63.7	55.0
Interest expense		54.0		53.8			63.7	55.0
Other income (expense), net [+]	47.4	6.6	50.6	3.2	103.2	64.3	1.7	-23.6
Gain (loss) on debt retirement								-25.4
Other		-6.6		-3.2			1.7	1.8
Pre-tax income	180.7	180.7	81.7	81.7	-59.8	91.9	104.7	59.3
Income taxes	47.0	47.0	21.2	21.2	-13.4	22.7	28.0	-50.3
Tax rate	26.0%	26.0%	25.9%	25.9%	22.4%	24.7%	26.8%
Earnings from continuing ops	133.7	133.7	60.6	60.6	-46.4	69.2	76.6	109.7
Earnings from discontinued ops	-1.5	-1.5	42.0	42.0	13.7	18.0
Net income	132.2	132.2	102.5	102.5	-32.7	87.2	76.6	109.7
Net margin	10.6%	10.6%	9.6%	9.6%	-3.2%	7.8%	6.2%	10.6%

Basic EPS [+]	$3.72		$1.67		($1.29)	$1.93	$2.15	$3.09
Growth	122.7%		-229.8%		-166.7%	-10.2%	-30.4%	194.0%
Diluted EPS [+]	$3.70		$1.66		($1.29)	$1.92	$2.13	$3.07
Growth	123.0%		-229.2%		-167.0%	-10.0%	-30.5%	193.2%

Dividends per share	$1.10		$1.10		$1.10	$1.10	$1.10	$1.10
Growth	0.0%		0.0%		0.0%	0.0%	0.0%	0.0%

Shares outstanding (basic) [+]	35.9		36.3		36.1	35.9	35.7	35.5
Growth	-0.9%		0.5%		0.6%	0.5%	0.5%	0.3%
Shares outstanding (diluted) [+]	36.1		36.5		36.1	36.0	35.9	35.7
Growth	-1.0%		1.1%		0.1%	0.4%	0.6%	0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.