Ashtead Group PLC (OTCPK:ASHTF)
$ 81.3 0.91 (1.13%) Market Cap: 34.87 Bil Enterprise Value: 45.64 Bil PE Ratio: 22.97 PB Ratio: 4.85 GF Score: 95/100
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Q2 2024 Ashtead Group PLC Trading Statement Call Transcript

Nov 20, 2023 / 08:00AM GMT
Release Date Price: $58.98 (-12.15%)
Brendan Horgan
Ashtead Group plc - CEO & Executive Director

Good morning, and thank you for joining our Trading Update Call. With me on the line are Michael Pratt and Will Shaw. Before getting into Q&A, I'll briefly cover the current and anticipated trading as outlined in this morning's update and add some end market color. We will, on December 5, announced another record quarter and first half results with strong rental revenue and EBITDA growth of 13% and 15%, respectively. This performance is driven by strength in our North American end markets, the ongoing momentum and execution in our business as we follow our Sunbelt 3.0 playbook and the very clear structural progression being realized in our industry. The rental rate environment continues to be strong, demonstrating one of the outputs of structural progression in the business now very much demonstrated -- creating the structure and discipline as business service companies do.

Each of these drivers remains fully intact with all signs and relevant forecast supporting a continuation through the year and beyond. Combining these

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