Alta Equipment Group Inc. — Third Quarter 2026 Earnings Summary

Alta Equipment Group reported a net loss of $12.2 million for the third quarter of 2026, with total revenues declining 1.2% year-over-year to $417.4 million. Despite the revenue decrease, the company achieved an adjusted EBITDA of $44.9 million, representing a 7.7% increase from the prior year, driven by improved service margins and reduced operating expenses. Material handling equipment bookings surged 67% year-over-year, while the construction equipment segment saw revenue growth of $12.2 million. The company also reduced its rental fleet gross book value by $57.9 million and revised its full-year 2026 adjusted EBITDA guidance to a range of $165.0 million to $170.0 million.