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Dec 31, 2024
Alta Q4 2024 Earnings Report
Alta Equipment Group reported a decline in revenue and an increased net loss in Q4 2024 due to weaker demand and higher expenses.
Key Takeaways
Alta Equipment Group posted Q4 2024 revenue of $498.1 million, down 4.5% year-over-year. The company reported a net loss of $11.4 million, compared to a $2.7 million loss in Q4 2023, primarily due to higher interest expenses and reduced equipment sales. Adjusted EBITDA fell by 18.1% to $40.7 million. Despite market challenges, the company saw sequential growth in equipment sales during the quarter.
Total revenue declined 4.5% YoY to $498.1 million.
Net loss widened to $11.4 million from $2.7 million in Q4 2023.
Adjusted EBITDA decreased 18.1% to $40.7 million.
Equipment sales improved sequentially despite market headwinds.
Forward Guidance
Alta Equipment expects market conditions to improve in 2025, with equipment oversupply normalizing and construction spending stabilizing.
Positive Outlook
- Projected Adjusted EBITDA for 2025 in the range of $175M to $190M.
- Improved demand expected as oversupply in equipment normalizes.
- Continued focus on cost optimization and inventory management.
- Strength in product support revenue driven by parts and service.
- Potential tailwinds from post-election construction market stabilization.
Challenges Ahead
- Uncertainty around interest rate levels could impact capital spending.
- Pressure on equipment sales margins due to competitive pricing.
- Higher operating expenses expected in early 2025.
- Continued softness in non-residential construction projects.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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