Alta Equipment Q4 revenue up 20.3% to $428.6M; FY22 adj. EBITDA $158.1M, guides FY23 $177-185M

ALTA EQUIPMENT GROUP INC.

Q4 2022 revenue $428.6M, up 20.3% YoY; net loss available to common $1.5M ($0.05 loss per share).
Full year 2022 revenue $1,571.8M, up 29.6% YoY; net income available to common $6.3M ($0.20 EPS).
FY 2022 adjusted EBITDA $158.1M, up 31.8% YoY, exceeding prior guidance.
Initiated quarterly common dividend of $0.057/share and $12.5M share repurchase program.
Full year 2023 adjusted EBITDA guidance $177-185M, +14.5% at midpoint; acquired M&G Materials Handling for ~$2.3M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALTA EQUIPMENT GROUP INC. reported the fourth quarter ended December 31, 2022 results: revenue $428.6 million, net income $(1.5) million, EPS $(0.05).

Period: the fourth quarter ended December 31, 2022
Revenue: $428.6 million
Net income: $(1.5) million
EPS: $(0.05)
Result: reported results

Exact text from the filing

Results and Provides Adjusted EBITDA Guidance for 2023 Fourth Quarter Financial Highlights: (comparisons are year over year) • Total revenues increased 20.3% year over year to $428.6 million • Construction and Material Handling revenue of $269.0 million and $154.3 million, respectively • Product Support revenue increased 25.4% year over year with Parts Sales

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALTA EQUIPMENT GROUP INC. reported the year ended December 31, 2022 results: revenue $1,571.8 million, net income $6.3 million, EPS $0.20. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $1,571.8 million
Net income: $6.3 million
EPS: $0.20
Guidance: initiated
Result: reported results

Exact text from the filing

million. The deal was closed on March 1, 2023. 2022 Full Year Financial Highlights: (comparisons are year over year) • Total revenues increased $359.0 million year over year to $1,571.8 million • Construction and Material Handling revenue of $995.8 million and $570.7 million, respectively • Product Support revenue increased $97.4 million year over year to $441.4 million

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Source: SEC EDGAR

accession 0000950170-23-007040

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