secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040622
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023040622/0000950170-23-040622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023040622/altg-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040622

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