Alta Equipment Q1 revenue $420.7M (+26.8% YoY); raises FY EBITDA guidance to $180-188M

ALTA EQUIPMENT GROUP INC.

2023-Q1 EPS reported $0.01 revenue$420,700,000

Revenue $420.7M, up 26.8% YoY; net income $0.2M available to common vs loss of $2.0M.
Adjusted EBITDA $40.8M, +36% YoY; adjusted EPS $0.04 vs -$0.02 loss.
FY2023 Adjusted EBITDA guidance raised to $180-188M from prior $177-185M.
Construction segment $233.1M, Material Handling $164.8M, new Master Distribution $26.7M.
Regular quarterly dividend $0.057 per common share declared.

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 first quarter ended March 31, 2023 results: revenue $420.7 million, net income $0.2 million, EPS $0.01. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $420.7 million
Net income: $0.2 million
EPS: $0.01
Guidance: raised
Result: reported results

Exact text from the filing

Results and Increases Adjusted EBITDA Guidance for 2023 First Quarter Financial Highlights: (comparisons are year over year) • Total revenues increased 26.8% year over year to $420.7 million • Construction and Material Handling revenue of $233.1 million and $164.8 million, respectively • Introduced separate reporting segment, Master Distribution, with revenue of

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Source: SEC EDGAR

accession 0000950170-23-020551

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