Equipment hire company Ashtead has forecast "further significant progress" as it posted a big leap in full-year profit.
In the year to April 30, the company made pretax profits of £81.7 million compared to £32.2 million a year earlier, while sales rose 22 per cent to £638 million.
Ashtead, hires out equipment such as aerial work platforms and forklift trucks as well as smaller items such as ladders and pumps.
The company said chief executive George Burnett, who co-founded the business in 1984, would retire later this year and be succeeded by non-executive director, Geoff Drabble, currently head of Laird Group's security systems business.
Mr Burnett said in the United State the business was encouraged both by the strength of the non-residential construction market "and by the ongoing shift from owner-ship to rental".
In its second quarter, Ashtead's US unit Sunbelt was involved in the clean-up effort following hurricanes Katrina, Rita and Wilma.
The company's A-Plant business in Britain has 95,000 units of equipment including power tools and excavators at nearly 200 sites nationwide.
Mr Burnett said: "The restructuring of A-Plant's sales force at the start of last year delivered benefits on a rising scale as the year progressed, a trend which has continued into our new financial year.
"With this strong, broadlybased momentum, the board looks forward to reporting further significant progress in the coming year."
Ashtead's share price, which had climbed 20 per cent in the past two weeks, fell 12 per cent to 164 pence.