secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0000950170-24-031598
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alta Equipment reports Q4 revenue up 21.7% to $521.5M, but net loss widens; guides 2024 Adj. EBITDA $207.5M-$217.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017024031598/0000950170-24-031598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017024031598/altg-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-031598

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