secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065693
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017025065693/0000950170-25-065693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017025065693/altg-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065693

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