Ashtead Posts Lower Profit on Higher Costs

MorningStar
2025.09.03 07:10
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Ashtead Group PLC reported a 6% decline in pretax profit to $512 million for Q1, with net profit falling to $375.5 million due to one-time costs from its U.S. listing. Revenue increased by 2% to $2.8 billion, and free cash flow surged to $514 million. The company raised its FY26 free cash flow target to between $2.2 billion and $2.5 billion, up from $2.0 billion to $2.3 billion. Ashtead is set to relist on the New York Stock Exchange in March 2026.

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