Alta Equipment Q2 preliminary revenue $462-472M; Adj. EBITDA $48-50.5M; secondary offering of 2M shares

ALTA EQUIPMENT GROUP INC.

Preliminary Q2 2023 revenue $462-472M; TTM revenue $1,716-1,726M.
Net income (loss) range $(1.4)M to $4.3M; Adjusted EBITDA $48-50.5M.
TTM Adjusted EBITDA $175.5-178M.
Selling stockholder (B. Riley affiliate) offering 2M shares; underwriters 30-day option for 300K additional.
Alta receives no proceeds from secondary offering; bears certain costs.

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 three months ended June 30, 2023 results: revenue between $462.0 million to $472.0 million, net income between $(1.4) million and $4.3 million.

Period: the three months ended June 30, 2023
Revenue: between $462.0 million to $472.0 million
Net income: between $(1.4) million and $4.3 million
Result: preliminary results

Exact text from the filing

the Company expects to report that it had (i) revenue between $462.0 million to $472.0 million for the three months ended June 30, 2023, (ii) TTM revenue between $1,716.3 million and $1,726.3 million as of June 30, 2023, (iii) net income (loss) between $(1.4) million and $4.3 million, (iv) Adjusted EBITDA between $48.0 million to $50.5 million for the three months ended June 30, 2023, and (v) TTM Adjusted EBITDA between $175.5 million and $178.0 million as of June 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-033686

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