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Sep 30, 2023
Alta Q3 2023 Earnings Report
Alta reported strong Q3 2023 results driven by solid demand and operational excellence.
Key Takeaways
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.
Total revenues increased by 15.1% year-over-year to $466.2 million.
Adjusted EBITDA grew by 15.9% to $51.0 million compared to the previous year.
Net income available to common stockholders was $6.7 million, up from $4.4 million in 2022.
The company increased full-year 2023 Adjusted EBITDA guidance to between $187 million and $192 million.
Forward Guidance
The Company increased its guidance range and expects to report Adjusted EBITDA between $187 million and $192 million for the 2023 fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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