The earnings call presented a balanced view with significant free cash flow growth and shareholder returns, but also highlighted challenges such as the quiet hurricane season and U.K. restructuring. Positive leading indicators suggest potential future growth, while margin pressures and mixed market conditions are areas of concern.

Company Guidance

During the Ashtead Group's Q2 results analyst call, the company reaffirmed its strong financial position and future growth prospects. Key metrics included a group rental revenue growth of 2% for the first half of fiscal year 2026, despite a quiet hurricane season, with second-quarter underlying growth at 3%. The company reported a record free cash flow of $1.1 billion, representing a 164% increase from the previous year. The EBITDA margin stood at 46%, with adjusted EBITDA at $2.7 billion. The company announced a new share buyback program of up to $1.5 billion, expected to commence in March 2026, following the completion of the existing program. Ashtead also noted a strong performance in its North American Specialty segment, which saw a 5% underlying growth after adjusting for hurricane impacts. The company is optimistic about its future, citing positive leading indicators and reaffirming its full-year guidance for rental revenue growth, capital expenditure, and free cash flow, with expectations set between $2.2 billion and $2.5 billion.

Strong Free Cash Flow Growth

Free cash flow after CapEx investment in fleet and business expansion grew by 164% year-over-year, reaching $1.1 billion.

Shareholder Returns and New Buyback Program

The company returned over $1 billion to shareholders through dividend payments and share buybacks, with a new $1.5 billion buyback program announced.

Mega Project Activity and Market Share Gains

Strong mega project activity with increasing market share among regional and national strategic customers was reported.

Record Free Cash Flow Guidance

The company reaffirmed its guidance for free cash flow to be between $2.2 billion and $2.5 billion for the fiscal year.

Positive Leading Indicators

Indicators such as the Dodge Momentum Index remain high, suggesting future growth in nonresidential construction.

Ashtead (GB:AHT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:AHT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 10, 2026	2026 (Q3)	0.61 / -	0.577	―	―	―
Dec 09, 2025	2026 (Q2)	0.87 / 0.87	0.867	0.69% (<+0.01)	―	―
Sep 03, 2025	2026 (Q1)	0.68 / 0.71	0.728	-2.16% (-0.02)	―	―
Jun 17, 2025	2025 (Q4)	0.53 / 0.59	0.592	-0.76% (>-0.01)	―	―
Mar 04, 2025	2025 (Q3)	0.58 / 0.58	0.608	-5.16% (-0.03)	―	―
Dec 10, 2024	2025 (Q2)	0.92 / 0.87	0.884	-1.94% (-0.02)	―	―
Sep 03, 2024	2025 (Q1)	0.71 / 0.73	0.798	-8.80% (-0.07)	―	―
Jun 18, 2024	2024 (Q4)	0.61 / 0.59	0.63	-5.93% (-0.04)	―	―
Mar 05, 2024	2024 (Q3)	0.63 / 0.61	0.687	-11.43% (-0.08)	―	―
Dec 05, 2023	2024 (Q2)	0.88 / 0.88	0.876	0.94% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:AHT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 09, 2025	4809.00p	4797.00p	-0.25%
Sep 03, 2025	5376.00p	5420.00p	+0.82%
Jun 17, 2025	4335.16p	4515.22p	+4.15%
Mar 04, 2025	4747.71p	4356.93p	-8.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ashtead Group PLC (GB:AHT) report earnings?

Ashtead Group PLC (GB:AHT) is schdueled to report earning on Mar 10, 2026, TBA (Confirmed).

What is Ashtead Group PLC (GB:AHT) earnings time?

Ashtead Group PLC (GB:AHT) earnings time is at Mar 10, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is the P/E ratio of Ashtead Group PLC stock?

The P/E ratio of Ashtead is N/A.

What is GB:AHT EPS forecast?

GB:AHT EPS forecast for the fiscal quarter 2026 (Q3) is 0.61.