Alta Equipment Group Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Total revenues decreased $5.2 million year over year to $417.4 million for the quarter, with organic revenues decreasing $2.8 million (0.7%).
• Net loss available to common stockholders was $(12.2) million for the quarter, compared to $(42.3) million in the prior year period.
• Basic and diluted net loss per share was $(0.37) for the quarter.
• Adjusted EBITDA increased $3.2 million year over year to $44.9 million for the quarter.
• Adjusted basic and diluted pre-tax net loss per share was $(0.19), an improvement of $0.16 per share versus the prior year.
• Operating expenses decreased $2.9 million year over year to $110.1 million.
• Interest expense decreased $2.5 million year over year to $19.9 million.
• Net cash provided by operating activities was $58.8 million year to date.
• Rental fleet gross book value decreased $57.9 million year over year to $508.9 million.
• New and used equipment sales gross profit margin increased 60 basis points year over year.
• Service gross profit percentage increased 250 basis points year over year to 61.5%.
• For the nine months ended September 30, 2026, total revenues were $1,303.4 million (down 1.8% year over year) and Adjusted EBITDA was $121.6 million (down 1.8% year over year).

Guidance and Future Outlook:

• The Company revised its full-year 2026 Adjusted EBITDA guidance to a range of $165.0 million to $170.0 million.
• Management expects the significant increase in Material Handling bookings and backlog to translate into higher equipment deliveries and revenues as throughput improves.
• Management anticipates improved visibility and a meaningful base of future revenues entering the fourth quarter and 2027.
• Infrastructure spending and state DOT budgets are viewed as supportive across markets.
• Management believes trends in cost structure, working capital, and balance sheet improvements will position the company for strength entering next year.

Business Segments and Product Lines:

• Material Handling equipment bookings increased 67% year over year, with backlog continuing to grow.
• Construction Equipment segment revenue increased $12.2 million year over year to $253.8 million.
• The Construction Equipment segment generated 5.0% year-over-year revenue growth and 11.2% Adjusted EBITDA growth while operating with approximately $78 million less in period-end assets than a year ago.
• New and used equipment sales revenue was $204.0 million for the quarter.
• Parts sales revenue was $76.3 million for the quarter.
• Service revenues were $64.7 million for the quarter.
• Rental revenues were $47.5 million for the quarter.
• Rental equipment sales were $24.9 million for the quarter.

Market and Competitive Landscape:

• Management attributes strength in Material Handling to improving industry conditions and customers addressing pent-up replacement needs following an extended period of fleet replacement deferrals.
• The pace of new equipment backlog converting to revenues has been slower than expected, viewed primarily as a timing issue rather than a change in underlying demand.
• The Company operates over 80 locations across the U.S. and Canada.

Risks and Challenges:

• The press release notes that actual results may differ from expectations due to forward-looking statements involving risks such as supply chain disruptions, inflationary pressures, labor market dynamics, and economic conditions.
• Risks include adverse banking and governmental regulations, fluctuations in interest rates, and the financial viability of key suppliers, contractors, and customers.
• Potential impacts from tariffs, taxes, and changes in global economic markets are cited as factors that could cause differences between expected and actual results.
• Risks related to the performance of key OEMs, competitive pricing dynamics, and the ability to realize benefits of acquisitions or divestitures are also mentioned.

Management Commentary and Tone:

• CEO Ryan Greenawalt stated that results reflect progress in generating stronger earnings and returns from a more efficient capital base.
• Management highlighted a reduction in the combined carrying value of inventory and net rental fleet by approximately $45 million since year-end.
• Adjusted total net debt and floor plan payables were lowered by approximately $20 million in the quarter.
• Management expressed confidence that actions taken to improve profitability, lower interest expense, and strengthen cash generation remain central to business management.
• The tone regarding the Construction Equipment segment was positive, citing it as a proof point for improved fleet utilization and inventory optimization.

Other Key Points:

• Since year-end, the Company reduced the combined carrying value of inventory and net rental fleet by approximately $45 million.
• The Company lowered adjusted total net debt and floor plan payables by approximately $20 million in the quarter.
• Third quarter operating expenses decreased by $2.9 million year over year.
• The Company reported a net loss before taxes of $(10.8) million for the quarter.
• Income tax expense was $0.7 million for the quarter.
• The Company has 1,200 shares of 10% Series A Cumulative Perpetual Preferred Stock issued and outstanding.
• Preferred stock dividends were $0.7 million for the quarter.
• Net cash used in investing activities was $6.0 million for the nine months ended September 30, 2026.
• Net cash provided by financing activities was $(49.5) million for the nine months ended September 30, 2026.
• Cash paid for interest was $44.1 million for the nine months ended September 30, 2026.
• A conference call and webcast were scheduled for November 10, 2026, at 8:00 a.m. Eastern Time.