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Dec 31, 2019
Alta Q4 2019 Earnings Report
Reported full year 2019 financial results, highlighting strength in core business and acquisition opportunities.
Key Takeaways
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.
Full year 2019 results demonstrate strength in the core business.
Acquisition of NITCO expanded presence in the New England material handling market.
Acquisitions of Flagler CE Holdings, LLC and Liftech Equipment Companies, Inc. provide further scale and end market diversification.
Business combination strengthens capital structure to weather COVID-19 impacts and support continued growth.
Alta
Alta
Forward Guidance
The company intends to use the $538 million net proceeds from the business combination to fund its operations and continue growth as an industry leader.
Positive Outlook
- Strengthened capital structure.
- Opportunity to grow aftermarket parts sales and service business.
- End market diversification to dealer platform.
- Further scale via acquisitions.
- Continued growth as an industry leader.
Challenges Ahead
- Potential impacts of the COVID-19 pandemic.
- Risk of integrating acquisitions disrupting current plans and operations.
- Ability to maintain listing of shares of common stock on the New York Stock Exchange.
- Changes in applicable laws or regulations.
- Economic, business, and/or competitive factors.