ALTG
Alta Equipment Group Inc.5.28
+0.03+0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
170.20MP/E (TTM)
-Basic EPS (TTM)
-2.50Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Alta Equipment posted Q3 revenues of $422.6M, down 5.8% y/y, with rental revenues off 9.9% y/y from lower fleet utilization yet parts and service holding steady. Gross profit dipped to 27.9% amid equipment margin pressure, but operating income stayed positive at $4.8M versus $6.8M y/y while SG&A fell 4.2% on cost controls. Operating cash used $0.9M YTD; cash ended at $14.1M with $402.5M revolver availability against $715M total debt (ABL at 5.8%, notes at 10.1% due 2029). Divestitures netted $21.1M proceeds, applied to debt. Shares outstanding dropped to 32.2M. Supply chain disruptions pose ongoing risks.
8-K
Q3 revenues drop, support strong
Alta Equipment reported Q3 revenues down 5.8% to $422.6M amid weak equipment sales, yet product support grew 1.1% to $141.7M with margins up 160bps to 47.2%. SG&A fell $4.7M; net loss hit $42.3M due to $24.4M tax charge from OBBBA valuation allowance. Divested Dock and Door for $6.4M. Updated 2025 Adjusted EBITDA guidance: $168M-$172M. Product support shines.
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.
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