Alta Q3 revenue $405M (+37% YoY), net income $4.4M; raises FY22 EBITDA guidance to $155-158M

ALTA EQUIPMENT GROUP INC.

2022-Q3 EPS reported $0.24 revenue$1,143,200,000

Q3 revenue $405.0M (+37.3% YoY); net income to common $4.4M vs loss of $0.6M.
Adjusted EPS $0.18 vs $0.01; Adjusted EBITDA $44.0M (+39.2% YoY).
Raises FY2022 Adjusted EBITDA guidance to $155-158M from prior $147-152M.
Declares regular quarterly dividend $0.057/share, payable Nov 30 to holders of record Nov 15.
Closed acquisition of Ecoverse Industries on Nov 1; gains exclusive NA distribution rights for enviro equipment.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALTA EQUIPMENT GROUP INC. reported the third quarter ended September 30, 2022 results: revenue $405.0 million, net income $4.4 million, EPS $0.14. Guidance raised.

Period: the third quarter ended September 30, 2022
Revenue: $405.0 million
Net income: $4.4 million
EPS: $0.14
Guidance: raised
Result: reported results

Exact text from the filing

Results And Raises 2022 Guidance for Adjusted EBITDA Third Quarter Financial Highlights: (comparisons are year over year) • Total revenues increased 37.3% year over year to $405.0 million • Construction and Material Handling revenue of $249.7 million and $155.3 million, respectively • Product Support revenue increased $29.4 million year over year to $116.1 million

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Source: SEC EDGAR

accession 0000950170-22-023878

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