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Mar 31, 2025
Alta Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025.
Key Takeaways
Alta Equipment Group reported a decrease in total revenues to $423.0 million in Q1 2025 compared to $441.6 million in the prior year. The company experienced a net loss of $20.9 million, resulting in a basic and diluted net loss per share of $(0.65). Despite revenue decline, gross profit remained strong at $115.0 million and adjusted EBITDA was $33.6 million.
Total revenues decreased by $18.6 million year-over-year to $423.0 million.
Net loss available to common stockholders was $(21.7) million.
Basic and diluted net loss per share was $(0.65).
Adjusted EBITDA was $33.6 million.
Revenue by Segment
Forward Guidance
The company reaffirms its organic guidance range and now expects to report Adjusted EBITDA between $171.5 million and $186.5 million for the 2025 fiscal year, adjusted for the business divestiture. The board has authorized an increase in the common stock repurchase program to $30.0 million and suspended the quarterly common stock dividend indefinitely to reallocate capital.
Positive Outlook
- Reaffirms organic guidance range for Adjusted EBITDA.
- Increased common stock repurchase program authorization to $30.0 million.
- Approved immediate allocation of $10.0 million to a Rule 10b5-1 Plan for share repurchases.
- Proceeds from business divestiture to be allocated towards reducing outstanding debt.
- Florida construction market remains healthy with continued funding for large projects.
Challenges Ahead
- Suspension of quarterly common stock dividend indefinitely.
- Ongoing uncertainty regarding the macro economy.
- Operating trends in Construction Equipment business stable but with typical seasonal impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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