Alta Q1 net loss $21.7M; divests Chicago aerial fleet; suspends dividend, boosts buyback to $30M

ALTA EQUIPMENT GROUP INC.

2025-Q1 EPS reported -$0.65 revenue$423,000,000

Total revenue $423.0M (-4.2% YoY); net loss available to common $21.7M ($0.65 diluted loss per share).
Adjusted EBITDA $33.6M vs $34.1M YoY; organic FY2025 Adj. EBITDA guidance reaffirmed at $171.5M-$186.5M.
Divested Chicago aerial rental fleet for $18M cash (implied EV ~$20M; annual Adj. EBITDA ~$4M); proceeds to reduce debt.
Board increased share repurchase authorization from $20M to $30M; allocated $10M to a Rule 10b5-1 plan.
Quarterly common dividend suspended indefinitely after May 30, 2025 payment; preferred dividend unchanged.

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