Alta Equipment Q1 2024 revenue $441.6M (+5% YoY); net loss $(12.7)M; guidance adjusted

ALTA EQUIPMENT GROUP INC.

2024-Q1 EPS reported -$0.38 revenue$441,600,000

Net loss available to common stockholders $(12.7)M vs. profit $0.2M YoY; diluted EPS $(0.38).
Adjusted EBITDA of $34.1M; adjusted EPS loss $(0.22).
Full-year 2024 Adjusted EBITDA guidance narrowed to $207.5M–$212.5M (top end reduced).
Construction segment revenue $255.6M; Material Handling $174.3M; product support up 6.5% YoY.
Equipment sales growth offset by Ecoverse (-$14.4M) and Peaklogix (-$8.7M) declines.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ALTA EQUIPMENT GROUP INC. reported the first quarter ended March 31, 2024 results: revenue $441.6 million, net income Net loss available to common stockholders of $(12.7) million, EPS Basic and diluted net loss per share of $(0.38). Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $441.6 million
Net income: Net loss available to common stockholders of $(12.7) million
EPS: Basic and diluted net loss per share of $(0.38)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Exhibit 99.1 Alta Equipment Group Announces First Quarter 2024 Financial Results First Quarter Financial Highlights: • Total revenues increased $20.9 million year over year to $441.6 million • Construction and Material Handling revenues of $255.6 million and $174.3 million, respectively • Product support revenues increased 6.5% year over year with Parts sales

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Source: SEC EDGAR

accession 0000950170-24-055697

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