---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-040622"
form_type: "8-K"
ticker: "ALTG"
cik: "0001759824"
company_name: "ALTA EQUIPMENT GROUP INC."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:54:30.406266+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alta Q2 revenue up 15% to $468M; net income down 69% to $1.7M; reaffirms FY EBITDA guidance

## Summary
- Total revenues $468.4M (+15.2% YoY); Construction $281.5M, Material Handling $169.1M, Master Distribution $21.4M.
- Net income available to common $1.7M ($0.05 diluted EPS) vs $5.4M ($0.17) in Q2 2022; adjusted EPS $0.19 vs $0.26.
- Adjusted EBITDA $49.9M (+20.5% YoY); FY 2023 guidance reaffirmed at $180–188M.
- Board declared $0.057 per common share quarterly dividend ($0.23 annualized).
- Amended credit facilities: ABL increased to $485M ($65M expansion option); floor plan facility to $70M ($20M option).

## SEC filing metadata
- accession: 0000950170-23-040622
- form_type: 8-K
- ticker: ALTG
- cik: 0001759824
- company_name: ALTA EQUIPMENT GROUP INC.
- filed_at: 2023-08-09T23:59:59+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/1759824/000095017023040622/0000950170-23-040622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759824/000095017023040622/altg-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040622
- JSON: https://secwatch.observer/filing/0000950170-23-040622.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040622.txt

## Key facts
- Earnings Releases
  ALTA EQUIPMENT GROUP INC. reported Three months ended June 30, 2023 results: revenue Total revenues of $468.4 million, net income Net income of $1.7 million available to common stockholders, EPS Basic and diluted net income per share of $0.05. Guidance reaffirmed.
  - Period: Three months ended June 30, 2023
  - Revenue: Total revenues of $468.4 million
  - Net income: Net income of $1.7 million available to common stockholders
  - EPS: Basic and diluted net income per share of $0.05
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total revenues increased 15.2% year over year to $468.4 million • Construction and Material Handling revenues of $281.5 million and $169.1 million, respectively • Newly introduced reporting segment, Master Distribution, with revenues of $21.4 million • Product Support revenues increased 19.1% year over year with Parts Sales increasing to $71.3 million and Service Revenues increasing to $59.7 million • New and Used Equipment sales grew 17.2% to $254.6 million • Net income of $1.7 million available to common stockholders compared to $5.4 million in 2022 • Basic and diluted net income per share of $0.05 for 2023 compared to $0.17 in 2022 • Adjusted basic and diluted net income per share* of $0.19 for 2023 compared to $0.26 for 2022 • Adjusted EBITDA* grew 20.5% to $49.9 million, compared to $41.4 million in 2022 • Reaffirmed 2023 Adjusted EBITDA guidance of between $180 to $188 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759824/000095017023040622/0000950170-23-040622-index.htm

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