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Sep 30, 2021
Alta Q3 2021 Earnings Report
Alta's financial performance for Q3 2021 reflected revenue growth and increased profitability.
Key Takeaways
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.
Net revenues increased by 33.7% year over year, reaching $295.0 million.
Construction and Material Handling segments reported revenues of $184.7 million and $110.3 million, respectively.
Product Support gross profit increased by $5.7 million year over year to $38.9 million.
Adjusted EBITDA grew by 43.4% to $31.4 million compared to $21.9 million in Q3 2020.
Forward Guidance
The Company revised its full year financial guidance and expects to report Adjusted EBITDA between $113 million to $116 million, net of new equipment floorplan interest, for the full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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