Ashtead's share price slides to 12-month low following Q3 results

Revenue and EBITDA up

Shares in FTSE 100 equipment sales and rental company Ashtead have dropped to a 12-month low as a reduction in used equipment sales caused profits before tax (PBT) to fall, according to the company's nine months and third quarter results ended 31 January 2025.

The results, released  today (4 March), highlighted that Ashtead's group rental revenue was up 5%, while its adjusted PBT fell from just under $1.8bn in the nine months to January 2024 to less than $1.7bn in the same period a year later. As such, adjudged earnings per share fell to 290.8 cents, down from 307.2 cents per share a year prior. Ashtead confirms plans to leave London for US listing in 2025 The amount of capital invested in the business also plummeted from $3.5bn in 2024 to $2.1bn in 2025. Nevertheless, Ashtead said it expects its full year results to be in line with its ...