earnings
confidence high
sentiment negative
materiality 0.75
Alta Equipment Q2 net loss $12.6M; revenue up 4.2% to $488.1M; lowers 2024 EBITDA guidance
ALTA EQUIPMENT GROUP INC.
2024-Q2 EPS reported
-$0.76
revenue$929,700,000
- Net loss available to common stockholders of $12.6M, or $0.38 per diluted share; adjusted EPS of $0.01.
- Total revenues $488.1M (+4.2% YoY); product support revenues hit record $144.2M, up 10.1%.
- Full-year 2024 Adjusted EBITDA guidance updated to $190M–$200M.
- Issued $500M 9% senior notes due 2029; retired $315M notes; recorded $6.7M loss on extinguishment.
- Repurchased 231,334 shares for $2.0M; remaining buyback authorization $10.5M.