Ashtead ( (GB:AHT) ) has provided an announcement.
Ashtead Group PLC reported its unaudited results for the nine months ending January 31, 2025, highlighting a 5% increase in group rental revenue and a 3% rise in adjusted EBITDA. Despite a decline in operating profit and adjusted profit before taxation due to lower used equipment sales and higher depreciation and interest costs, the company remains optimistic about future growth. The strategic investments under the Sunbelt 4.0 plan, including $2.1 billion in capital and expansion into 54 new locations in North America, position Ashtead to capitalize on structural growth opportunities and enhance shareholder returns.
More about Ashtead
Ashtead Group PLC operates in the equipment rental industry, primarily offering rental solutions through its Sunbelt Rentals brand. The company focuses on providing rental equipment for construction, industrial, and specialty markets, with a significant presence in North America.
YTD Price Performance: -2.65%
Average Trading Volume: 1,155,263
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £20.87B
Learn more about AHT stock on TipRanks’ Stock Analysis page.