Sunbelt Rentals posts 21% revenue gain for FY Q1-Q3

|  March 08, 2013 |

SunbeltRentalsSunbelt Rentals has reported $1.368 billion in total revenue for the first three quarters of fiscal 2013 through January 31, up 21 percent from $1.130 billion for the previous year’s first nine months, Rental Equipment Register (RER) reported.

EBITDA for the nine-month period was $571.5 million, an increase of 37 percent from $416.5 million for the previous nine-month period. EBITDA margin was 41.8 percent, up from 36.9 percent the previous year.

Rental revenue for the nine-month period was $1.213 billion, an increase of 20 percent from $1.012 billion for the previous year.

Group revenue for the Ashtead Group, including U.K. equipment rental company A-Plant, totaled about U.S. $1.525 billion (£1014.3 billion), a 19.8-percent increase from the approximated $1101.7 million (£846.8 million) from the previous year. A-Plant EBITDA was about U.S. $65.7 million (£43.7 million), an 18.4 percent increase from the approximated $48 million (£36.9 million) a year ago.

For the third quarter, Sunbelt Rentals posted about U.S. $427.2 million (£284.1 million) in total revenue, a 25.3-percent increase from the approximated $294.9 million (£226.7 million) a year ago.

Additionally, Geoff Drabble, chief executive of Ashtead, said Sunbelt plans to pull about $100 million of fleet expenditure, which was originally planned for use in fiscal 2014, to use in the fourth quarter 2013.

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »

 

Here are the most recent tips we've posted:

Hauling headaches: Know your load limits when trailering equipment

One-man machines: The operator should be the only person on a wheel loader

advertisement
advertisement
advertisement
advertisement