H&E Equipment Services; Oshkosh Corp.; Toromont

Jul. 31, 2022

H&E Equipment Services, Baton Rouge, La., reported total revenue of $294.67 million during the 2022 second quarter, up 10.9 percent compared to $265.67 million the year before. Total equipment rental revenues for the 2022 second quarter were $227.58 million, a 29.6 percent increase compared to $175.61 million in the 2021 second quarter. Total revenue for the first half of 2022 was $567.12 million compared to $506.11 million the year before. Total equipment rental revenues for the first half of 2022 were $426.80 million, compared to $328.83 million the year before.

Oshkosh Corp., Oshkosh, Wis., reported fiscal 2022 second quarter net income of $26.9 million, compared to $213.9 million in the fiscal 2021 second quarter. Oshkosh Corp. is the parent company of JLG Industries, McConnellsburg, Pa. The access equipment segment sales for the second quarter of fiscal 2022 was $977.1 million, a 5.7 percent increase compared to $924.3 million the year before. The company reported net income of $24.8 million for the first six months of fiscal 2022, compared to $313.5 million the year before. The access equipment segment sales for the first six months of fiscal 2022 was $1.8 billion, compared to $1.6 billion the year before.

Toromont, Toronto, earned $1.08 billion in revenue during the 2022 second quarter, a 4 percent decrease compared to $1.13 billion in the 2021 second quarter. Revenue during the first half of 2022 was $1.94 billion compared to $1.93 billion the year before.

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