Alta Equipment Q3 revenue up 15% to $466M; raises FY adjusted EBITDA guidance

ALTA EQUIPMENT GROUP INC.

2023-Q3 EPS reported $0.26 revenue$1,355,300,000

Revenue $466.2M (+15.1% YoY); net income $6.7M vs $4.4M; adj. EPS $0.36 vs $0.21.
Adjusted EBITDA $51.0M (+15.9%); FY 2023 guidance raised to $187M-$192M.
Acquired Burris Equipment ($15.2M cash) and Ault Industries ($39.9M total) to expand Construction segment.
Regular quarterly dividend of $0.057 per share paid on Aug 31, 2023.
Expanded into western Pennsylvania as exclusive CASE Construction Equipment distributor.

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