Ashtead Group plc (ASHTF) Q4 2025 Earnings Call Transcript

2025-06-17 11:01:48 ET

Ashtead Group plc (ASHTF)

Q4 2025 Earnings Call

June 17, 2025, 05:00 AM ET

Company Participants

Alexander W. Pease - Chief Financial Officer

Brendan Horgan - CEO & Executive Director

Conference Call Participants

Allen David Wells - Jefferies LLC, Research Division

Annelies Judith Godelieve Vermeulen - Morgan Stanley, Research Division

Arnaud Lehmann - BofA Securities, Research Division

Carl Raynsford - Joh. Berenberg, Gossler & Co. KG, Research Division

James Steven Rosenthal - Barclays Bank PLC, Research Division

Katherine Fleischer - KeyBanc Capital Markets Inc., Research Division

Lushanthan Mahendrarajah - JPMorgan Chase & Co, Research Division

Neil Christopher Tyler - Redburn (Europe) Limited, Research Division

William Kirkness - Sanford C. Bernstein & Co., LLC., Research Division

Presentation

Operator

Hello, and welcome to the Ashtead Group plc Full Year and Q4 Results Analyst Call. I will shortly be handing you over to Brendan Horgan and Alex Pease, who will take you through today's presentation. There will be an opportunity for Q&A later in the call.

For now, over to Brendan Horgan and Alex Pease at Ashtead Group plc.

Brendan Horgan

Thank you, operator, and good morning, all, and welcome to the Ashtead Group full year results presentation. I'm joined as usual this morning by Alex Pease and Will Shaw. But in addition, we have Kevin Powers with us, who joined in May to lead our Investor Relations for Sunbelt Rentals when the primary listing moves to the U.S. early next year. Kevin now, as you would expect, is working very closely with Will and the team, and most of all, we're happy to have him on board.

Turning to Slide 3. I'll begin this morning as I always do, by addressing our Sunbelt team members listening in or perhaps more significantly on the recorded call later in the morning U.S. time. Referencing Slide 3 to specifically recognize their leadership and the health and safety of our people, our customers and the members of the communities that we serve. Your commitment and efforts resulted in a fiscal year with a total recordable incident rate of 0.65 and a lost time rate of 0.1....

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