Ashtead Group PLC (LSE:AHT) posted a 2% increase in group rental revenue for the first quarter of 2025, with total revenue reaching $2.801 billion. While operating profit and adjusted EPS saw slight declines, the company generated near-record free cash flow and completed significant share repurchases. The North American Specialty division delivered robust growth, and the UK segment benefited from favorable currency movements. Ashtead reaffirmed its full-year revenue and capital expenditure guidance, raising free cash flow expectations amid ongoing structural industry tailwinds and a continued focus on safety and operational efficiency.
The company’s outlook is supported by solid financial performance and positive guidance, although some challenges remain in revenue growth and leverage. Technical indicators show bullish momentum tempered by overbought signals, while valuation metrics remain reasonable with a moderate P/E ratio and dividend yield.
About Ashtead Group PLC
Ashtead Group operates in the equipment rental sector, providing construction and industrial equipment rental services. The company focuses on the North American and UK markets, with a strategic emphasis on growing its specialty business segments.
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