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Mar 31
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.
Alta
Alta
Alta Revenue by Segment
Revenue by Segment
Construction Equipment Revenue
CapyFin.comMaterial Handling Revenue
CapyFin.comMaster Distribution Revenue
CapyFin.com 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.
- Material Handling new equipment sales were down year-over-year.
- Competitive environment and lack of product support yields in divested aerial fleet rental business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income