Ashtead Group Full Year 2024 Earnings: EPS Misses Expectations

Ashtead Group (LON:AHT) Full Year 2024 Results

Key Financial Results

• Revenue: US$10.9b (up 12% from FY 2023).

• Net income: US$1.60b (down 1.2% from FY 2023).

• Profit margin: 15% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses.

• EPS: US$3.66 (down from US$3.68 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ashtead Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Trade Distributors industry in the United Kingdom.

Performance of the British Trade Distributors industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Ashtead Group that we have uncovered.

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