Sunbelt Rentals Posts 25% Gain in Fiscal 2015

June 18, 2015

Sunbelt Rentals posted $2,742.3 million in revenue for its 2015 fiscal year, compared to $2,188.5 million in fiscal 2014, a 25.3-percent increase.

Sunbelt’s parent company Ashtead, fiscal 2015 revenue totaled £2,039 million (about U.S. $3.19 billion), compared to £1,635 million a year ago, a 24.7-percent hike.

Rental-only revenue grew 27 percent, with a 24-percent hike in fleet on rent, and a net 2 percent improvement in yield. Improved yield reflects the combination of good rate growth, and the drag of greenfield and bolt-on activity. Average physical utilization for the year was 70 percent, compared to 71 percent in 2014.