Sunbelt dozer rental drivers#

We are well positioned to navigate the challenges and capitalize on the opportunities arising from the market circumstances we face, including supply chain constraints, inflation, labor scarcity and economic uncertainty, all factors which we believe to be drivers of ongoing structural change. The new financial year has started well and the business has clear momentum. “Our business has demonstrated its ability over the last two years to perform in both good times and more challenging ones. This market outperformance across the business is only possible through the dedication of our team members who deliver for all our stakeholders every day, while ensuring our leading value of safety remains at the forefront of all we do.” We performed strongly across all geographies with rental revenue up 22% at constant currency (23% when compared with 2019/20),” said Ashtead’s chief executive, Brendan Horgan. “I am delighted to be able to report a year of record performance for the Group.

Sunbelt Rentals’ parent Ashtead Group posted a 19 percent increase in total revenue and a 22 percent jump in rental revenue for its fiscal year ending April 30. Very strong demand coupled with ongoing supply constraints contributed to high utilization levels, the company said, citing changes in customer behavior to cut capital expenditures, accelerating the shift from ownership to rental. division saw revenues of $6.477 billion, compared to $5.417 billion the previous year. Following a strong fourth quarter, Sunbelt Rentals posted a 23 percent increase in North American rental revenue for its 2022 fiscal year ending April 30.