Alta Earnings Reports

Alta Equipment Group posted Q4 2024 revenue of $498.1 million, down 4.5% year-over-year. The company reported a net loss of $11.4 million, compared to a $2.7 million loss in Q4 2023, primarily due to higher interest expenses and reduced equipment sales. Adjusted EBITDA fell by 18.1% to $40.7 million. Despite market challenges, the company saw sequential growth in equipment sales during the quarter.

Alta Equipment Group reported a decrease in total revenues to $448.8 million, impacted by uncertainty in end-user markets and a $14.0 million discrete tax expense. Despite challenges in equipment sales, the product support business performed well, and the company reduced net debt by $38.7 million. The Board of Directors approved an increase to the share buyback authorization from $12.5 million to $20.0 million.

Alta Equipment Group's Q2 2024 saw total revenues increase by $19.7 million year-over-year to $488.1 million. However, the company reported a net loss available to common stockholders of $(12.6) million, or $(0.38) per share. Adjusted EBITDA was $50.3 million, and adjusted EPS was $0.01. The company has updated its full year Adjusted EBITDA guidance to between $190.0 million and $200.0 million.

Alta Equipment Group reported a revenue increase of $20.9 million year over year, reaching $441.6 million. Despite revenue growth, the company experienced a net loss of $(12.7) million, or $(0.38) per share, and an adjusted net loss per share of $(0.22). Adjusted EBITDA was reported at $34.1 million. The results reflect seasonal impacts on the Construction Equipment segment and a decrease in high-margin equipment sales within Ecoverse and Peaklogix.

Alta Equipment Group Inc. reported a 21.7% increase in total revenues, reaching $521.5 million for Q4 2023. Adjusted EBITDA grew by 16.4% to $49.7 million. However, the company experienced a net loss available to common stockholders of $(2.7) million, and a net loss per share of $(0.08).

Alta Equipment Group Inc. announced a 15.1% increase in total revenues to $466.2 million for the third quarter of 2023. Net income available to common stockholders increased to $6.7 million, with adjusted EPS at $0.36. The company also raised its full-year Adjusted EBITDA guidance to a range of $187 million to $192 million.

Alta Equipment Group reported a 15.2% increase in total revenues to $468.4 million, driven by growth in construction and material handling segments. The company's adjusted EBITDA grew by 20.5% to $49.9 million. Despite revenue growth, net income decreased to $1.7 million, compared to $5.4 million in the previous year.

Alta Equipment Group reported a 26.8% year-over-year increase in total revenues, reaching $420.7 million. New and Used Equipment sales grew by 44.9% to $219.6 million, and Adjusted EBITDA grew 36.0% to $40.8 million. The company increased its full-year 2023 Adjusted EBITDA guidance to $180 million to $188 million.

Alta Equipment Group reported a 20.3% increase in total revenues to $428.6 million for Q4 2022. However, the company experienced a net loss of $(1.5) million, with a loss per share of $(0.05). Adjusted EBITDA grew by 15.7% to $42.7 million.

Alta Equipment Group Inc. reported a 37.3% increase in total revenues to $405.0 million and net income of $4.4 million, compared to a loss of $(0.6) million in the same quarter last year. Adjusted EBITDA grew by 39.2% to $44.0 million. The company also raised its full year 2022 Adjusted EBITDA guidance to between $155 million and $158 million.

Alta Equipment Group Inc. reported a 23.4% increase in net revenues year over year, reaching $331.7 million. Despite a net loss of $2.0 million, the company's Adjusted EBITDA grew by 30.4% to $30.0 million. The company maintained its full year 2022 Adjusted EBITDA guidance between $137 million and $142 million.

Alta Equipment Group reported a 33.7% increase in net revenues to $295.0 million and a 43.4% increase in adjusted EBITDA to $31.4 million compared to Q3 2020. The company experienced a net loss of $(0.5) million available to common shareholders, while adjusted net income per share was $0.02.

Alta Equipment Group Inc. reported a 52.4% increase in net revenues year over year, reaching $292.7 million. Adjusted EBITDA grew by 40.7% to $28.0 million. However, the company experienced a net loss of $15.7 million available to common shareholders.

Alta Equipment Group Inc. reported a strong first quarter in 2021, with net revenues increasing by 48.9% year over year to $268.8 million. The company's adjusted EBITDA grew by 38.0% to $22.9 million. Despite the growth, Alta reported a net loss of $5.7 million, an improvement compared to the prior year's $17.0 million loss.

Alta Equipment Group Inc. reported a 65.5% increase in net revenues to $280.4 million for the fourth quarter of 2020. Gross profit increased by 54.1% to $64.4 million, and adjusted EBITDA grew by 27.5% to $24.6 million. The company completed two acquisitions during the quarter, strengthening its presence in New York State and the Midwest construction markets.

Alta Equipment Group Inc. reported a strong third quarter with a 47.3% increase in net revenues to $220.6 million and a net income of $0.3 million, a significant improvement from the previous year's net loss. The company's growth was bolstered by increased customer demand and strategic acquisitions in the Midwest region. Adjusted EBITDA grew to $21.9 million.

Alta Equipment Group Inc. reported a 41.4% increase in net revenues to $192.1 million and a 19.2% increase in Adjusted EBITDA to $19.9 million for the second quarter of 2020. However, the company reported a net loss of $(4.1) million compared to a net income of $0.4 million in the same period last year. The company also announced three acquisitions to further penetrate existing markets and expand its geographic footprint.

Alta Equipment Group Inc. reported a 76% year-over-year increase in net revenues to $180.5 million for the first quarter of 2020. Despite a net loss of $17 million, the company's Adjusted EBITDA reached $18.8 million, reflecting the strength of its business model and the contributions of recent acquisitions.

Alta Equipment Group reported its full year 2019 financial results, showcasing the strength of its core business and the opportunities within its acquisition pipeline. The company completed a business combination, providing net proceeds of $538 million to fund operations.