H&E, a Baton Rouge-based heavy equipment sales and leasing company, posted a $2.3 million loss in the third quarter, as the firm continued to feel the impact of the national construction slowdown. H&E lost 7 cents a share, compared with the $17.6 million, or 50 cents a share profit it reported in the third quarter of 2008. “Our business environment remains very challenging and we have not seen any seasonal increase in demand during the third quarter,” says John Engquist, H&E president and CEO. H&E revenues plunged 37% in the quarter, from $278.6 million to $175.6 million. Engquist sales utilization of H&E’s fleet has stabilized, but at a low level.
H posts third-quarter loss
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