H&E Equipment Services says it lost $3.8 million, or 11 cents per diluted share, in the third quarter, more than what the heavy equipment dealer and renter lost a year earlier. Baton Rouge–based H&E lost $2.3 million, or 7 cents a share, in third quarter 2009. Despite the enlarged loss, H&E says rental activity was up 7% from the year earlier. “However, while we are very encouraged by the current activity, we remain cautious regarding the balance of this year due to potential seasonality issues and ongoing economic challenges in several of our markets,” says John Engquist, H&E president and CEO. Revenue for the company fell by 12.4% in the quarter, from $175.6 million to $153.8 million.
H reports increased 3Q loss
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