Earnings Releases·Nov 9, 2026, 4:15 PM ET

Alta Equipment Group Inc. — Third Quarter 2026 Earnings Summary

Total revenues decreased $5.2 million year over year to $417.4 million, while Adjusted EBITDA increased $3.2 million year over year to $44.9 million; net loss narrowed to $(12.2) million from $(42.3) million in the prior year period.
The Company revised full-year 2026 Adjusted EBITDA guidance to a range of $165.0 million to $170.0 million, citing improved visibility and a meaningful revenue base entering Q4 and 2027.
Material Handling equipment bookings surged 67% year over year with growing backlog, while the Construction Equipment segment delivered 5.0% revenue growth and 11.2% Adjusted EBITDA growth.
Management reduced adjusted total net debt and floor plan payables by approximately $20 million in the quarter and lowered the combined carrying value of inventory and net rental fleet by approximately $45 million since year-end.
Operating expenses decreased $2.9 million year over year to $110.1 million, and service gross profit percentage increased 250 basis points to 61.5% year over year.