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Alta Equipment Group Announces Third Quarter 2026 Financial Results

ALTG
  • Alta Equipment Group reported total third-quarter revenues of $417.4 million, a $5.2 million year-over-year decrease.
  • Organic revenues declined $2.8 million year-over-year, representing a 0.7% decrease.
  • Material Handling equipment bookings surged 67% year-over-year with a growing backlog.
  • Construction Equipment segment revenue rose $12.2 million year-over-year to $253.8 million.
  • Gross profit margins for new & used equipment sales improved 60 basis points, while service gross profit percentage increased 250 basis points to 61.5%.
  • Operating expenses decreased $2.9 million year-over-year to $110.1 million.
  • Interest expense fell $2.5 million year-over-year to $19.9 million.
  • The rental fleet gross book value decreased $57.9 million year-over-year to $508.9 million.
  • Net loss available to common stockholders was $12.2 million for the quarter.
  • Net loss per share was $0.37 (basic & diluted).
  • Adjusted EBITDA increased $3.2 million year-over-year to $44.9 million.
  • Net cash provided by operating activities totaled $58.8 million year-to-date.
  • The company revised its full-year 2026 Adjusted EBITDA guidance to a range of $165.0 million to $170.0 million.
  • CEO Ryan Greenawalt noted reduced combined inventory & rental fleet carrying values of approximately $45 million since year-end.
  • Adjusted total net debt & floor plan payables were reduced by approximately $20 million during the quarter.
  • The company expects infrastructure spending & strong Material Handling bookings to support momentum into 2027.
Company
Alta Equipment Company, Inc.
Keywords
NYSE:ALTG, Alta Equipment Company, Inc., Alta Equipment Group, Earnings