Ashtead Group PLC

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Ashtead Group Plc engages in the provision of equipment rental services. The company offers a full range of construction and industrial equipment. Its specialty product range includes equipment types such as pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. It operates through the following geographical segments: the United States, the United Kingdom, and Canada. The company was founded by Peter Donald Lewis and George Burnett on April 11, 1984 and is headquartered in London, the United Kingdom.

Siemens AG

Investors looking for stocks in the Industrial Services sector might want to consider either Siemens AG (SIEGY) or Ashtead Group PLC (ASHTY). But which of these two stocks offers value investors a better bang for their buck right now?

SIEGY or ASHTY: Which Is the Better Value Stock Right Now?

Ashtead Group plc (OTCPK:ASHTF) Q3 2024 Results Conference Call March 5, 2024 5:00 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants Rob Wertheimer - Melius Annelies Vermeulen - Morgan Stanley Suhasini Varanasi - Goldman Sachs William Kirkness - Societe Generale Arnaud Lehmann - BofA Neil Tyler - Redburn James Rosenthal - Barclays Allen Wells - Jefferies Rory McKenzie - UBS Brendan Horgan Thank you. And good morning, everyone.

Ashtead Group plc (ASHTF) Q3 2024 Earnings Call Transcript

Ashtead Group PLC (LSE:AHT) fell over 8% in early trading after the industrial equipment rental firm said slow third-quarter trading meant revenue growth would be at the low end of expectations. Rental revenue growth in North America was constrained by longer-than-expected strikes by actors and writers, the FTSE 100 firm said in an update, alongside lower emergency response activity to natural disasters.

Ashtead slumps after raising caution on outlook

Ashtead Group PLC (LSE:AHT), the industrial equipment company, confirmed its US$850 million senior bonds would pay out a principal amount of 5.8%. Ashtead Capital Inc., a wholly-owned subsidiary of Ashtead, issued the notes, set to mature in 2034, to be priced at 99.611% of the principal amount.

Ashtead shares slow after bond pricing drives early gains

Atlanticus Holdings

Ball Corp

ASHTY, ATLC and BALL have been added to the Zacks Rank #5 (Strong Sell) List on January 15, 2024.

New Strong Sell Stocks for January 15th

ASHTY continues to show positive growth traction, with revenue growth of 13% and rental revenue growth of 11% in the US segment. ASHTY has won 30% of mega project deals, which suggests to me there is significant long-term growth potential. Margins may face near-term headwinds due to early project delivery and utilization issues, but are expected to expand in the future.

Ashtead Group: Wining Share In The Mega Project Deal Flow

Allegro MicroSystems

CGI Group

ALGM, ASHTY and GIB have been added to the Zacks Rank #5 (Strong Sell) List on December 26, 2023.

New Strong Sell Stocks for December 26th

Ashtead Group plc (OTCPK:ASHTF) Q2 2024 Earnings Conference Call December 5, 2023 4:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Conference Call Participants Lush Mahendrarajah - JPMorgan Annelies Vermeulen - Morgan Stanley Will Kirkness - Societe Generale Arnaud Lehmann - Bank of America Allen Wells - Jefferies James Rose - Barclays Mark Howson - Dowgate Capital Karl Green - RBC Tom Burlton - BNB Paribas Operator Good day, and welcome to the Ashtead Group Q2 Results Analyst Call. Please note, this call is being recorded.

Ashtead Group plc (ASHTF) Q2 2024 Earnings Call Transcript

Ashtead Group PLC (LSE:AHT) has reported a record first half performance despite its recent warning that full-year profits would be below expectations.  The international equipment rental company said in the half year ended 31 October  group revenue advanced 16% to $5.57 billion from $4.80 billion the year prior with US revenue up 18% and rental revenue up 14%.

Ashtead delivers record first half despite recent warning

Ashtead (ASHTY) anticipates lower revenues and profits due to a quieter hurricane season and disruptions from the writers' strike.

Ashtead (ASHTY) FY24 Revenue Forecast Down, Shares Fall

Ashtead Group PLC (ASHTY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Ashtead Group PLC (ASHTY) Soars 5.4%: Is Further Upside Left in the Stock?

Ashtead Group's rental revenue has shown strong growth, making it well-positioned to benefit from large mega projects in the US. The company's revenue increased by 19% in 1Q24, with notable growth in the US market. Ashtead's prospects in the Mega Projects business are expected to be a major growth driver, with the company doubling its market share over the past quarter.

Ashtead Group: Mega Projects Driving Mega Growth Ahead

Ashtead's stock price has inched up since I gave it a hold rating four months ago. It has released two sets of results in the time. Company performance continues to be healthy, with both revenue and earnings growth. Its market multiples also indicated some upside. However, there are risks from the continued drop in leading indicators from the US market and its own rental revenue has grown at the lower end of the guidance range too.

Ashtead: U.S. Construction Market Indicates Near-Term Uncertainty

Ashtead Group plc (OTCPK:ASHTF) Q1 2024 Results Conference Call September 5, 2023 4:00 AM ET Company Participants Brendan Horgan - Chief Executive Officer Michael Pratt - Chief Financial Officer Conference Call Participants Suhasini Varanasi - Goldman Sachs Rob Wertheimer - Melius Research Will Kirkness - SocieteGenerale Lush Mahendrarajah - JP Morgan Neil Tyler - Redburn Atlantic Arnaud Lehmann - Bank of America James Rose - Barclays Allen Wells - Jefferies Annelies Vermeulen - Morgan Stanley Brendan Horgan Thank you, and good morning, everyone, and welcome to the Ashtead Group Q1 Results Presentation. I'm speaking this morning from our London office, where I'm joined as usual by Michael Pratt and Will Shaw.

Ashtead Group plc (ASHTF) Q1 2024 Earnings Call Transcript

Ashtead Group PLC (LSE:AHT) backed guidance despite softening UK markets as it reported strong growth in first quarter revenue and profitability. Chief executive, Brendan Horgan, said: “The group delivered another record quarter with revenue up 19%, rental revenue growth of 14% and adjusted profit before tax increasing 11%.

Ashtead backs guidance despite softening UK markets

Ashtead Group PLC (LSE:AHT) is due to report first-quarter results on Tuesday 5 September and, since it has a large and booming US business, is likely to be questioned by investors and analysts about whether migrating its listing from London to New York like several others recently might be a good idea. Fears about London's status as a financial hub have taken a severe dent this year as many companies have switched allegiance, including fellow building services group CRH, insulation maker Kingspan and several others.

Will Ashtead Group join London exodus?

I reiterate a buy rating for ASHTY as I expect earnings to remain healthy and strong, despite a near-term slowdown. Despite near-term macro volatility, ASHTY should benefit from large mega projects in the U.S., as construction companies prefer to rent rather than buy during uncertain periods. While ASHTY's net debt position poses some risk, expected EBITDA growth should help lower the debt ratio.

Ashtead Group: Upside Remains Attractive Despite Possible Near-Term Slowdown

Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY). But which of these two companies is the best option for those looking for undervalued stocks?

SIEGY vs. ASHTY: Which Stock Should Value Investors Buy Now?

W.W. Grainger

Hudson Technologies

MSC Industrial Direct

Easing supply-chain issues and increased e-commerce activities will aid the Zacks Industrial Services industry. Companies like Grainger (GWW), Ashtead Group (ASHTY) MSC Industrial (MSM) and Hudson Technologies (HDSN) are solid investment options due to their healthy growth prospects.

4 Industrial Services Stocks to Watch in the Promising Industry

Ashtead Group PLC (OTCPK:ASHTF) Q4 2023 Earnings Conference Call June 13, 2023 4:30 AM ET Company Participants Brendan Horgan - CEO & Executive Director Michael Pratt - CFO & Director Conference Call Participants Steven Woolf - Numis Securities Limited Annelies Vermeulen - Morgan Stanley Allen Wells - Jefferies Arnaud Lehmann - Bank of America Merrill Lynch James Rosenthal - Barclays Bank Andrew Nussey - Peel Hunt Mark Howson - Dowgate Capital Suhasini Varanasi - Goldman Sachs Group Charlie Campbell - Liberum Capital Limited Neil Tyler - Redburn Brendan Horgan Okay. Good morning, everyone.

Ashtead Group PLC (ASHTF) Q4 2023 Earnings Call Transcript

Ashtead Group PLC (LSE:AHT) reported a strong performance in the fourth quarter which completed a year of “record performance with ongoing momentum in robust end markets.” For the fourth quarter to April 30, the FTSE 100-listed firm reported revenue of US$2.44bn up 19% from US$2.08bn, pre-tax profit of US$466mln, up 21%, from US$386mln and EPS of 79.1c,, up 19%, from 66.5c.

Ashtead Group ends year in style to deliver record revenue and profit

With housebuilders on a sticky wicket at present, amid rising interest rates, demand slowing and inflation putting pressure on costs, a Bellway PLC (LSE:BWY) update could be interesting. With a recent update from a sector peer showing sales slowing again as rising mortgage rates put off potential buyers, shares in the FTSE 250 company have been on the slide.

Bellway and Ashtead results lead the way on Tuesday

Investors with an interest in Industrial Services stocks have likely encountered both Hudson Technologies (HDSN) and Ashtead Group PLC (ASHTY). But which of these two stocks is more attractive to value investors?

HDSN or ASHTY: Which Is the Better Value Stock Right Now?

Industrial equipment supplier, Ashtead, has seen an expected drop in share price. But does it mean a bigger drop ahead? There's no denying the company's robust fundamentals, but the US construction sector is facing uncertainties with a drop in leading indicators, tighter lending standards, and the US debt ceiling situation.

Ashtead: Strong Performance But Risks Ahead

Ashtead Group plc is involved in the rental business of construction, industrial, and general equipment. Revenue has grown at a CAGR of 16% due to increased rental usage and construction projects.

News for Ashtead Group PLC Stock (ASHTY)