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Alta Equipment Group Announces First Quarter 2025 Financial Results, Reaffirms Organic Guidance post-Business Divestiture, and Introduces Rebalancing in Capital Allocation Strategy
ALTGAlta Equipment (ALTG) GlobeNewswire·2025-05-07 20:15

First Quarter Financial Highlights: Total revenues decreased 18.6millionyearoveryearto18.6 million year over year to 423.0 millionConstruction Equipment and Material Handling revenues of 245.8millionand245.8 million and 157.9 million, respectivelyProduct support revenues increased modestly year over year to 138.1millionforthequarterServicegrossprofitpercentageincreased230basispointsyearoveryearto60.1138.1 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 ...