HE Equipment Services Reports First Quarter 2020 Results and Announces Non-Cash Goodwill Impairment Charge
BATON ROUGE, La.--(BUSINESS WIRE)---- $HEES--HE Equipment Services, Inc. (NASDAQ: HEES) today announced results for the first quarter ended March 31, 2020, including a $62.0 million non-cash goodwill impairment charge. FIRST QUARTER 2020 SUMMARY Revenues decreased 8.8% to $285.9 million versus $313.6 million a year ago. Included in the first quarter 2020 net loss was a $62.0 million pre-tax non-cash goodwill impairment charge. Net loss was $37.0 million in the first quarter compared to net income of
HE Equipment Services Reports First Quarter 2020 Results and Announces Non-Cash Goodwill Impairment Charge
BATON ROUGE, La.--(BUSINESS WIRE)---- $HEES--HE Equipment Services, Inc. (NASDAQ: HEES) today announced results for the first quarter ended March 31, 2020, including a $62.0 million non-cash goodwill impairment charge. FIRST QUARTER 2020 SUMMARY Revenues decreased 8.8% to $285.9 million versus $313.6 million a year ago. Included in the first quarter 2020 net loss was a $62.0 million pre-tax non-cash goodwill impairment charge. Net loss was $37.0 million in the first quarter compared to net income of