8-K
filed March 14, 2024, 7:59 PM ET
ticker ALTG
CIK 0001759824
earnings
confidence high
sentiment neutral
materiality 0.75
Alta Equipment reports Q4 revenue up 21.7% to $521.5M, but net loss widens; guides 2024 Adj. EBITDA $207.5M-$217.5M
ALTA EQUIPMENT GROUP INC.
- Total revenues increased 21.7% YoY to $521.5M in Q4; full-year revenues rose 19.4% to $1.88B.
- Q4 net loss available to common stockholders was $2.7M ($0.08 loss per share); full-year net income $5.9M ($0.18 EPS).
- Adjusted EBITDA grew 16.4% in Q4 to $49.7M and 21.1% for the year to $191.4M, exceeding guidance midpoint.
- 2024 Adjusted EBITDA guidance range of $207.5M to $217.5M provided; company expects continued growth.
- Completed acquisitions of Burris Equipment and Ault Industries in 2023, contributing to results.
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 Q4 2023 results: revenue $521.5 million, net income $(2.7) million, EPS $(0.08).
- Period
- Q4 2023
- Revenue
- $521.5 million
- Net income
- $(2.7) million
- EPS
- $(0.08)
- Result
- reported results
Exact text from the filing
Total revenues increased 21.7% year over year to $521.5 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ALTA EQUIPMENT GROUP INC. reported Full year 2023 results: revenue $1,876.8 million, net income $5.9 million, EPS $0.18.
- Period
- Full year 2023
- Revenue
- $1,876.8 million
- Net income
- $5.9 million
- EPS
- $0.18
- Result
- reported results
Exact text from the filing
Total revenues increased $305.0 million year over year to $1,876.8 million
View on SEC.gov
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