Sunbelt Rentals Posts 4% Revenue Gain

September 8, 2016

Sunbelt Rentals posted 1Q revenue of $853.1 million, up 4 percent over the same period in 2015. Operating profit was $268.9 million, up 4 percent.

Sunbelt is part of the Ashtead Group, which also owns A-Plant.

"The underlying performance of the business continues to benefit from a clear and consistent strategy of organic growth supplemented by bolt-on acquisitions," said Geoff Drabble, Ashtead's chief executive. "In the quarter, the reported results were positively impacted by weaker sterling but this was broadly balanced by the impact of lower gains on fleet disposals as we reduced our replacement capital expenditure."