Alta Equipment Group Inc.
5.94-0.06 (-1%)
Oct 29, 4:00:02 PM EDT · NYSE · ALTG · USD
Key Stats
Market Cap
190.36MP/E (TTM)
-Basic EPS (TTM)
-2.07Dividend Yield
0.04%Recent Filings
8-K
Preferred dividend declared
Alta Equipment Group declared a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, payable October 31, 2025, to holders of record on October 15, 2025. This equates to $0.625 per Depositary Share traded as ALTG PRA on the NYSE. The move underscores steady commitment to preferred shareholders amid ongoing equipment operations.
10-Q
Q2 FY2025 results
Alta Equipment Group posted Q2 FY2025 revenues of $481.2M, down 1.4% y/y but up 8.9% q/q (derived), with new equipment sales rising 5.6% y/y to $265.6M on construction strength while rentals fell 13.8% y/y to $46.3M from lower fleet utilization. Gross profit dipped to 25.4% from 27.0% y/y, pressured by equipment mix and tariffs, yet operating income climbed 20.4% y/y to $12.4M thanks to $12.2M lower SG&A from cost controls. Diluted EPS held at -$0.21, matching y/y amid anti-dilution from 611K excluded shares; net loss narrowed to $6.1M from $11.9M, with the gap to operating income tied to $19.4M interest and $1.3M taxes. Cash stayed flat at $13.2M, free cash flow not disclosed in the 10-Q; total debt hit $743.9M including $500M 9% notes due 2029, with $425.2M revolver availability and no covenant issues. Divestiture of Chicago aerial rentals fetched $18M cash in May 2025, yielding $4.3M gain and trimming fleet. Supply chain disruptions pose ongoing risks to margins.
8-K
Q2 revenues dip, loss narrows
Alta Equipment Group reported Q2 2025 revenues of $481.2 million, down 1.4% year over year yet up 13.8% sequentially, driven by a 5.6% rise in new and used equipment sales to $265.6 million while rental revenues fell 13.8% to $46.3 million amid market hesitancy. The company narrowed its net loss to $6.8 million from $12.6 million last year, boosted by a $12.2 million cut in SG&A expenses and a 40 basis point lift in service gross profit to 59.8%. Adjusted EBITDA dipped slightly to $48.5 million. Tariffs squeezed Ecoverse margins, but infrastructure demand cushioned construction equipment gains. Alta repurchased $6.5 million in shares. Guidance now targets $171.5 million to $181.5 million in full-year Adjusted EBITDA.
8-K
Preferred dividend declared
Alta Equipment Group declared a quarterly dividend of $625 per share on its 10% Series A Cumulative Perpetual Preferred Stock, payable July 31, 2025, to holders of record on July 15, 2025. This equates to $0.625 per Depositary Share traded as ALTG PRA on the NYSE. The payout upholds the board's commitment to preferred shareholders amid steady operations.
8-K
Annual meeting approves directors, auditors
Alta Equipment Group Inc. held its annual stockholder meeting on May 30, 2025, electing Daniel Shribman, Katherine E. White, and Sidhartha Nair as Class I directors for two-year terms amid mixed support—Shribman faced notable abstentions. Stockholders ratified Deloitte & Touche LLP as auditors for 2025 with overwhelming approval, endorsed executive compensation in an advisory vote, and greenlit the first amendment to the 2022 Employee Stock Purchase Plan. All proposals passed decisively. Governance continuity holds firm.
IPO
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