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Ashtead Group PLC (GB:AHT)
LSE:AHT
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
61.39Last Year’s EPS
64.32Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: -20.87%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook with strong financial performance and strategic growth initiatives being somewhat offset by challenges in the local construction market and reduced revenue guidance. The company remains confident in its long-term strategy, highlighted by a significant share buyback program.Company Guidance
In the Ashtead Group's second quarter call, the company reported strong financial performance, including a 6% increase in group rental revenue and a 4% growth in EBITDA to $2,698 million. The U.S. rental revenue was up by 5%, contributing to a group EBITDA margin of 47% and an operating profit margin of 27%. Despite challenging conditions in local non-residential construction markets, the company has managed to maintain a low total recordable incident rate below 0.7. The company announced plans to move its primary listing to the U.S., citing strategic advantages such as greater capital market access and increased liquidity. For the first half, the company invested $1.7 billion in CapEx, expanding its North American footprint by adding 47 locations and delivering free cash flow of over $400 million. Although the outlook remains positive, the company has adjusted its full-year guidance downwards for rental revenue growth and CapEx, but expects increased free cash flow, leading to a share buyback program of up to $1.5 billion over the next 18 months.Record First Half Revenues and EBITDA
Group rental revenue grew 6% with total revenue up 2%. U.S. rental revenue improved by 5% and total revenue by 1%. Group EBITDA grew 4% to $2,698 million, achieving record first half revenues and EBITDA with margins of 47% at the group level.
Strong Cash Flow and Financial Position
Free cash flow of over $400 million was delivered despite significant investments, with a net debt to EBITDA ratio of 1.7 times, comfortably within the long-term range.
Strategic Growth and Expansion
The company expanded its North American footprint by 47 locations: 36 greenfield openings and 11 through bolt-on acquisitions, demonstrating strong growth in new markets.
Positive Outlook and Share Buyback Program
A $1.5 billion share buyback program was announced to take place over the next 18 months, reflecting confidence in the business and increased free cash flow expectations.
U.K. and Canadian Market Strength
Rental revenue in the U.K. grew 6%, while in Canada it grew 20%, indicating strong performance outside the U.S. market.
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GB:AHT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:AHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | 6234.94p | 5360.14p | -14.03% |
| Sep 03, 2024 | 5326.34p | 5378.04p | +0.97% |
| Jun 18, 2024 | 5406.85p | 5298.91p | -2.00% |
| Mar 05, 2024 | 5620.77p | 5094.80p | -9.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ashtead Group PLC (GB:AHT) report earnings?
Ashtead Group PLC (GB:AHT) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Ashtead Group PLC (GB:AHT) earnings time?
Ashtead Group PLC (GB:AHT) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Ashtead Group PLC stock?
The P/E ratio of Ashtead is N/A.
What is GB:AHT EPS forecast?
GB:AHT EPS forecast for the fiscal quarter 2025 (Q3) is 61.39.
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