He Equipment Services, Inc. (HEES) 10-K Annual Report Tue Mar 05 2013

Rental revenues increased 28.9%, or $18.1 million, to $80.7 million due to a larger fleet and improved rates compared to a year ago. Demand remained strong during the fourth quarter.

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New equipment sales were consistent at $87.0 million compared to a year ago.

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Gross margin was 29.4% as compared to 25.8% a year ago. Rental gross margin increased to 48.1% compared to 44.5% a year ago.

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Average time utilization (based on original equipment cost) was 71.8% compared to 72.3% a year ago and 72.9% in the third quarter of 2012. Average time utilization (based on units available for rent) was 66.6% compared to 67.3% last year and 68.9% last quarter.

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Average rental rates increased 10.1% compared to a year ago and improved 0.4% compared to the third quarter of this year.

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Dollar utilization was 36.4% as compared to 33.9% a year ago.

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Average rental fleet age at December 31, 2012 was 38.0 months, down from 38.6 months at the end of the last quarter and significantly younger than the industry average age of 48 months.

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The following information was filed by He Equipment Services, Inc. (HEES) on Tuesday, March 5, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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He Equipment Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

He Equipment Services, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: HEES
CIK: 1339605
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-091690
Submitted to the SEC: Tue Mar 05 2013 4:08:20 PM EST
Accepted by the SEC: Tue Mar 05 2013
Period: Monday, December 31, 2012
Industry: Miscellaneous Equipment Rental And Leasing

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He Equipment Services, Inc. (HEES) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

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