Alta Equipment (ALTG) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.33%. A quarter ago, it was expected that this company would post a loss of $0.31 per share when it actually produced a loss of $0.34, delivering a surprise of -9.68%.Over the last four quarters, the company has not been ...

Alta Equipment Group (ALTG) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for attending the Ultra Equipment Group First Quarter twenty twenty five Earnings Conference Call. My name is Lydia, and I'll be your moderator for today's call. I'll now turn the call over to Jason Darmeyer, Director of SEC Reporting and Technical Accounting with Alta Equipment Group. Speaker1 Thank you, Lydia. Good afternoon, everyone, and thank you for joining us today. A press release detail ...

EARNINGS PRESENTATION FIRST QUARTER 2025 May 7, 2025 LEGAL DISCLAIMERS Forward-Looking Information This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Alta's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-38864 ALTA EQUIPMENT GROUP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 83-2583782 (I ...

ALTA EQUIPMENT GROUP INC. EARNINGS PRESS RELEASE Exhibit 99.1 Alta Equipment Group Announces First Quarter 2025 Financial Results, Reaffirms Organic Guidance post-Business Divestiture, and Introduces Rebalancing in Capital Allocation Strategy First Quarter Financial Highlights: Livonia, MI. – May 7, 2025 – Alta Equipment Group Inc. (NYSE: ALTG) ("Alta", "we", "our" or the "Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, to ...

First Quarter Financial Highlights: Total revenues decreased $18.6 million year over year to $423.0 millionConstruction Equipment and Material Handling revenues of $245.8 million and $157.9 million, respectivelyProduct support revenues increased modestly year over year to $138.1 million for the quarterService gross profit percentage increased 230 basis points year over year to 60.1%Selling, general and administrative expenses reduced by $7.9 million year over yearNet loss available to common stockholders of ...

LIVONIA, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2025, after the U.S. markets close on Wednesday, May 7, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5 ...

EARNINGS PRESENTATION FOURTH QUARTER AND FULL YEAR 2024 March 5, 2025 LEGAL DISCLAIMERS Forward-Looking Information This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Alta's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "proj ...

Financial Data and Key Metrics Changes - For the full year 2024, total revenue remained steady at approximately $1.9 billion, indicating resilience in the dealership model despite market challenges [10] - In Q4 2024, revenue declined 4.5% year-over-year to $498.1 million, but showed sequential growth compared to Q3, suggesting a post-election rebound [11][31] - Adjusted EBITDA for 2024 reached $168.3 million, down from $201 million in 2023, reflecting a $33 million gap primarily due to reduced equipment sales and margin compression [36][37] Business Segment Data and Key Metrics Changes - In the construction equipment segment, new and used equipment sales saw a 10.2% organic decline, while organic product support revenues increased by 3.7% year-over-year [15] - The material handling segment's revenue remained stable at $687.4 million for the year, a 0.9% increase from 2023, supported by product support growth [19] - The electric vehicle segment continues to see steady momentum, particularly in hydrogen-powered fleets, despite challenges in charging infrastructure [22] Market Data and Key Metrics Changes - The construction equipment sector faced challenges due to oversupply and tightening credit conditions, with significant regional variations in sales performance [13][14] - The North American lift truck market experienced a decline in new order bookings, impacting future sales velocity [18] - The backlog of federal infrastructure spending under the IIJA program remains a long-term catalyst for growth [15] Company Strategy and Development Direction - The company is focused on operational efficiency, disciplined capital allocation, and strategic growth through M&A, prioritizing high-margin recurring business lines [24][26] - The rent-to-sell strategy is emphasized as a critical tool for optimizing fleet utilization and balance sheet efficiency [17] - The company aims to enhance profitability through cost optimization and improving fleet utilization [24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a complex macroeconomic environment in 2024 but expressed confidence in the company's diversified business model to navigate market volatility [8][10] - The outlook for 2025 includes expectations for improved EBITDA driven by better volumes in material handling and product support revenues [40][42] - Management remains cautious about the impact of macroeconomic factors on future performance, particularly regarding inflation and interest rates [44] Other Important Information - The company successfully raised $500 million in senior second lien bonds to refinance senior debt and extend maturities to 2029, enhancing liquidity [12] - The company ended 2024 with approximately $330 million in cash and availability on a revolving line of credit, providing a comfortable liquidity position [38] Q&A Session Summary Question: What are the underlying assumptions for equipment sales volume in the guidance? - Management indicated that the guidance does not assume aggressive growth in equipment sales, particularly in the construction segment, but expects to regain market share as supply overhang diminishes [60][62] Question: How should immediate actions be prioritized to lower balance sheet leverage? - Management plans to use cash flows to pay down debt and does not intend to grow the fleet in the near term, which should help improve the leverage ratio [66][68] Question: What efficiency measures have been implemented in product support operating expenses? - Management noted that initial cost-cutting measures have been completed, with further efficiency gains expected from technician productivity improvements in 2025 [74][76] Question: What is the outlook for the warehouse solutions business? - Management expressed optimism about returning to previous peak levels within the next 12 months, driven by organic growth and market trends favoring automation [80][82]

Market Performance - North American construction equipment market sales declined by approximately 10% in 2024, with some regions experiencing reductions of up to 20%[144] - Volvo Construction Equipment reported a 20% decline in North American sales, attributed to slowing end-user demand and elevated inventory levels[144] - North American rental utilization rates began to recede in 2024, leading to a $46.0 million reduction in rental fleet gross cost, totaling $571.2 million as of December 31, 2024[147] - The North American lift truck market exhibited growth in 2024, driven by robust manufacturing sectors and expanding logistics operations[145] - Equipment supply chain constraints gradually subsided throughout 2023, leading to increased new equipment inventories[146] Financial Performance - Consolidated revenues decreased by $0.2 million to $1,876.6 million for the year ended December 31, 2024, compared to 2023, primarily due to a decline in new and used equipment sales[171] - New and used equipment sales dropped by $38.9 million, or 3.8%, to $987.0 million, while parts sales increased by $16.1 million, or 5.8%, to $294.4 million[171] - Gross profit decreased by $13.5 million, or 2.7%, to $493.7 million, with a gross profit margin decline from 27.0% in 2023 to 26.3% in 2024[172] - Operating expenses increased by 4.9% to $475.1 million, driven by the impact of acquisitions and costs associated with organic growth[173] - Adjusted EBITDA decreased by $23.1 million, or 12.1%, to $168.3 million for the year ended December 31, 2024[166] Segment Performance - Total revenues for the Material Handling segment increased by $5.9 million to $687.4 million in 2024, with organic revenue growth of $4.1 million, or 0.6%[177] - New and used equipment sales decreased by $2.4 million, or 0.7%, to $365.2 million in 2024, while rental equipment sales surged by $5.3 million, or 101.9%[176] - Total revenues for the Construction Equipment segment increased by $6.7 million to $1,131.4 million in 2024, with parts sales rising by 9.8%[181] - Income from operations for the Construction Equipment segment fell by $26.2 million, or 73.8%, to $9.3 million in 2024[181] - Master Distribution segment revenues decreased by $24.6 million to $59.2 million in 2024, attributed to reduced sales volumes as sub-dealer stocking levels were full[190] Operational Insights - Approximately 44% of the company's employees are skilled service technicians, highlighting the focus on service and maintenance[153] - The company experienced strong demand for skilled technicians' labor and replacement parts, despite a reduction in equipment utilization year over year[148] - Service revenues improved by 3.9%, reflecting a positive trend in product support despite overall revenue challenges[171] Cash Flow and Investments - For the year ended December 31, 2024, the company reported a net cash provided by operations of $57.0 million, with a net loss of $62.1 million adjusted for non-cash items resulting in net cash inflows of $63.5 million[194] - Cash used in investing activities for 2024 was $56.2 million, primarily due to $73.4 million in purchases of rent-to-rent equipment, partially offset by $17.2 million in proceeds from sales[196] - Cash used in financing activities for 2024 was $17.9 million, primarily due to the extinguishment of $319.4 million in Senior Secured Second Lien Notes and principal payments of $639.9 million on long-term debt[198] Debt and Interest - The company’s ability to pay interest and principal on its indebtedness will depend on future operating performance and the availability of borrowings[203] - As of December 31, 2024, outstanding borrowings under the ABL Facility were $182.9 million, down from $317.5 million in 2023[219] - A 1% increase in interest rates applicable to variable rate debt would reduce annual pre-tax earnings by $2.6 million[219] - The company has fixed rate Senior Secured Second Lien Notes of $500.0 million due in 2029, with no exposure to changing interest rates as of December 31, 2024[220] Strategic Outlook - The company anticipates a rebound in lift truck bookings in the second half of 2025 as supply and demand factors normalize[145] - The company anticipates pursuing additional strategic acquisitions and opening new start-up locations in the future[201]