Ashtead Group plc said its normalized net income for the fiscal fourth quarter ended April 30 amounted to 23 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 25 pence per share.
EPS rose 16.2% year over year from 19 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £112.9 million, a gain of 15.4% from £97.8 million in the year-earlier period.
The normalized profit margin fell to 13.6% from 14.7% in the year-earlier period.
Total revenue rose 24.7% on an annual basis to £830.6 million from £666.0 million, and total operating expenses increased 27.7% from the prior-year period to £622.3 million from £487.5 million.
Reported net income rose 17.5% year over year to £120.0 million, or 24 pence per share, from £102.1 million, or 20 pence per share.
For the year, the company's normalized net income totaled 95 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of £1.04.
EPS rose from 77 pence in the prior year.
Normalized net income was £478.2 million, an increase from £388.7 million in the prior year.
Full-year total revenue rose year over year to £3.19 billion from £2.55 billion, and total operating expenses increased on an annual basis to £2.32 billion from £1.84 billion.
The company said reported net income grew on an annual basis to £500.9 million, or £1 per share, in the full year, from £407.8 million, or 81 pence per share.
