secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000950170-23-007040
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/0000950170-23-007040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023007040/altg-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007040

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