Ashtead Group PLC reports mixed financial results, with EPS beating estimates but revenue falling short

From Barchart: 2025-06-17 11:00:00

Ashtead Group PLC, known as ASHTF on the OTC exchange, is a major player in the rental equipment industry, operating mainly in the US, Canada, and the UK. Its subsidiary, Sunbelt Rentals, contributes significantly to rental revenue. The company plans to move its main listing to New York and rebrand as Sunbelt.

On June 17, 2025, ASHTF reported earnings per share of $0.78, beating estimates, but revenue of $2.53 billion fell short of the expected $2.63 billion.

Sunbelt Rentals, a key subsidiary of Ashtead, achieved record yearly rental revenues of $10 billion, with a 4% increase year-on-year. Despite a 1% drop in headline revenue due to lower equipment sales, rental operations remained strong.

Operating yearly profit for Ashtead decreased by 4% to $2.6 billion, and adjusted pre-tax profit fell by 5% to $2.1 billion. However, adjusted EBITDA rose by 3% to $5 billion, showing strong cash generation capabilities.

Ashtead’s financial metrics include a price-to-earnings ratio of approximately 17.09, a price-to-sales ratio of about 2.35, and an enterprise value to sales ratio of around 3.33. The company’s debt-to-equity ratio is roughly 1.39, and its current ratio is around 1.44.



Read more at Barchart:: Ashtead Group PLC’s Financial Performance and Mark…