Ashtead Group Plc. reported lower profit in the second quarter despite higher revenues. The company reaffirmed Group rental revenue guidance of 0 percent to 4 percent for fiscal 2026. A new share buyback program of $1.5 billion will commence on March 2, 2026, coinciding with the re-listing to the NYSE. Profit before taxation declined 12 percent to $571 million, while adjusted profit before taxation was $656 million, down 4 percent. Revenue increased 1 percent to $2.96 billion, with rental revenue growing 1 percent year-over-year to $2.76 billion. An interim dividend of 37.5 cents per share was announced, up 4 percent from last year.

Read more at Nasdaq.: Ashtead Group Q2 Profit Down, Revenues Rise; Backs FY26 Outlook; Plans $1.5 Bln Buyback