Ashtead profits down for fiscal ‘24, but results buoyed by Sunbelt Rentals’ strength

Jenny Lescohier Editor, Rental Briefing

20 June 2024

Ashtead Group’s full-year results for the fiscal year ending March 2024 showed overall profits down from expectations, however in the US, Sunbelt Rentals’ total revenue jumped 13.2% to $9,306.7 million, compared to $8,222.4 million a year ago.

Group revenue increased 12% to $10.859 billion during the year, compared to $9,667 million a year ago. This revenue growth resulted in EBITDA increasing 11% to $4,893 million from $4,412 million in 2023.

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