Ashtead (GB:AHT) has released an update.
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Ashtead Group reported a 6% increase in group rental revenue and a 2% rise in total revenue for the first half of 2024, despite challenges in the U.S. commercial construction market. The company has initiated a $1.5 billion share buyback program, showcasing its strong free cash flow and strategic adaptability. Ashtead remains optimistic about future growth opportunities, driven by its Sunbelt 4.0 plan.
For further insights into GB:AHT stock, check out TipRanks’ Stock Analysis page.
