Alta Q4 2022 Earnings Report
Key Takeaways
Alta Equipment Group reported a 20.3% increase in total revenues to $428.6 million for Q4 2022. However, the company experienced a net loss of $(1.5) million, with a loss per share of $(0.05). Adjusted EBITDA grew by 15.7% to $42.7 million.
Total revenues increased 20.3% year over year to $428.6 million.
Construction and Material Handling revenue reached $269.0 million and $154.3 million, respectively.
Product Support revenue increased 25.4% year over year.
Adjusted EBITDA grew 15.7% to $42.7 million compared to $36.9 million in 2021.
Alta
Alta
Forward Guidance
The Company introduced an Adjusted EBITDA guidance between $177 million and $185 million, net of new equipment floorplan interest, for the full year 2023, representing a 14.5% increase at the midpoint year over year.