Ashtead Stock News

Ashtead Group plc (OTCPK:ASHTF) Q1 2025 Earnings Conference Call September 1, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants Annelies Vermeulen - Morgan Stanley Lush Mahendrarajah - JP Morgan Suhasini Varanasi - Goldman Sachs Rory Mckenzie - UBS Arnaud Lehmann - Bank of America Neil Tyler - Redburn Atlan...

News that construction equipment contractor Ashtead Group PLC (LSE:AHT) is bringing in WestRock alumnus Alex Pease as chief financial officer suggests that the FTSE 100-listed group is closer than ever to announcing a departure from the London Stock Exchange. Pease, who led the finances at WestRock until its recent merger with Smurfitt Kappa, intends to stay put in Fort Mill, South Carolina, wh...

Construction equipment rental company Ashtead Group PLC (LSE:AHT) saw a 7% increase in rental revenue but declining profit before tax on a year-on-year basis in the first half. This was predominantly due to tighter margins in the US and Canada, only slightly offset by a margin improvement in the UK.

Ashtead Technology Holdings PLC (AIM:AT.) reported strong growth in revenue and profit for the first half of the year, driven by high demand in offshore renewables and oil & gas sectors.

Ashtead Group PLC (LSE:AHT), which reports results for the first quarter of its financial year next Tuesday, has seen its shares retreat around 12% from the two-and-a-half-year highs reached in April and May. Much of that share price slippage for the FTSE 100-listed, but US-focused construction equipment hire group was on the back of year-end results in June that were slightly shy of previous g...

Ashtead has been a highly rewarding stock, up 153% in the past five years and over 6,000% since 2010. Ashtead is a leading player in the equipment rentals business, with a strong presence in North America. Ashtead's performance remains strong, with growth strategies in place and potential for expansion into new markets.

I remain buy rated on Ashtead stock. Share price fell recently due to customer bankruptcy concerns, but I don't think this is much of an issue. ASHTF benefits from industry consolidation, high construction demand, and strong balance sheet.

Ashtead Group plc (OTCPK:ASHTF) Q4 2024 Earnings Conference Call June 18, 2024 4:30 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants James Rosenthal - Barclays Annelies Vermeulen - Morgan Stanley William Kirkness - Bernstein SG Lush Mahendrarajah - JP Morgan Suhasini Varanasi - Goldman Sachs Allen Wells - Jefferies ...