The Ashtead Group plc Board is recommending a final dividend of 89.25¢ per share (2023: 85.0¢) making 105.0¢ for the year (2023: 100.0¢), an increase of 5%. If approved at the forthcoming Annual General Meeting, the final dividend will be paid on 10 September 2024 to shareholders on the register on 9 August 2024.
Other financial highlights:
Group revenue up 12%; US revenue up 13% with rental revenue up 11%
Operating profit of $2,654m (2023: $2,522m)
Adjusted profit before taxation of $2,230m (2023: $2,273m)
Adjusted earnings per share of 386.5¢ (2023: 388.5¢)
113 locations added in North America
$4.3bn of capital invested in the business (2023: $3.8bn)
$905m spent on 26 bolt-on acquisitions (2023: $1.1bn)
Net debt to EBITDA leverage of 1.7 times (2023: 1.6 times)
