---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-007040"
form_type: "8-K"
ticker: "ALTG"
cik: "0001759824"
company_name: "ALTA EQUIPMENT GROUP INC."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:20:04.595736+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-007040
- form_type: 8-K
- ticker: ALTG
- cik: 0001759824
- company_name: ALTA EQUIPMENT GROUP INC.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/0000950170-23-007040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/altg-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007040
- JSON: https://secwatch.observer/filing/0000950170-23-007040.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007040.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/0000950170-23-007040-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/0000950170-23-007040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.