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Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States and Canada. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also sells new and used equipment; and sells and distributes replacement parts. In addition, the company offers repair and maintenance services for its equipment; designs and builds services related to automated equipment installation and warehouse management systems integration solutions; and sell new heavy construction, material handling, and environmental processing equipment, as well as tangential products and services. Further, it rents heavy construction, compact, aerial, material handling, and various other types of equipment; and sells rental equipment from its rental fleet; and offers maintenance and repair services. It serves food and beverage, diversified manufacturing, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture and forestry, road building, aggregate and mining, utilities and power generation, and recycling and waste management, and other sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $163M | $-80M | $-18M | 912.5% | -2.2% | - |
| 2024 | $1.9B | $160M | $-62M | $-14M | -80.0% | -0.0% | -797.8% |
| 2023 | $1.9B | $192M | $9M | $-16M | 5.9% | 19.4% | -4.3% |
| 2022 | $1.6B | $154M | $9M | $-58M | 6.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,571.80 | 1,876.80 | 1,876.60 | 1,835.90 |
| Cost Of Revenue | 1,152.20 | 1,369.60 | 1,382.90 | 1,361.30 |
| Gross Profit | 419.60 | 507.20 | 493.70 | 474.60 |
| Operating Expense | 378.80 | 452.80 | 475.10 | 451.40 |
| Operating Income | 40.80 | 54.40 | 18.60 | 23.20 |
| EBITDA | 154.40 | 192.10 | 159.50 | 163.20 |
| EBIT | 42.40 | 59.50 | 15 | 29.60 |
| Pretax Income | 10.60 | 2.50 | -66.30 | -58.80 |
| Tax Provision | 1.30 | -6.40 | -4.20 | 21.50 |
| Net Income | 9.30 | 8.90 | -62.10 | -80.30 |
| Net Income Common Stockholders | 6.30 | 5.90 | -65.10 | -83.30 |
| Total Expenses | 1,531 | 1,822.40 | 1,858 | 1,812.70 |
| Interest Expense | 31.80 | 57 | 81.30 | 88.40 |
| Selling General And Administration | 362.30 | 430.30 | 446.50 | 422.70 |
| Normalized EBITDA | 154.40 | 192.10 | 166.20 | 158.60 |
| Normalized Income | 9.30 | 8.90 | -55.82 | -83.93 |
| Basic EPS | 0.20 | 0.18 | -1.96 | -2.55 |
| Diluted EPS | 0.20 | 0.18 | -1.96 | -2.55 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.42 | 0.97 |
| Tax Rate For Calcs | 0.12 | 0.21 | 0.06 | 0.21 |
| Total Unusual Items | 0 | 0 | -6.70 | 4.60 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -6.70 | 4.60 |
| Net Income From Continuing Operation Net Minority Interest | 9.30 | 8.90 | -62.10 | -80.30 |
| Reconciled Depreciation | 112 | 132.60 | 144.50 | 133.60 |
| Reconciled Cost Of Revenue | 1,056.70 | 1,259.50 | 1,267 | 1,256.40 |
| Net Interest Income | -31.80 | -57 | -81.30 | -88.40 |
| Net Income From Continuing And Discontinued Operation | 9.30 | 8.90 | -62.10 | -80.30 |
| Rent Expense Supplemental | 125.40 | 119.30 | 127.10 | 103.40 |
| Total Operating Income As Reported | 40.80 | 54.40 | 18.60 | 23.20 |
| Diluted Average Shares | 32.30 | 32.88 | 33.18 | 32.71 |
| Basic Average Shares | 32.10 | 32.45 | 33.18 | 32.71 |
| Diluted NI Availto Com Stockholders | 6.30 | 5.90 | -65.10 | -83.30 |
| Preferred Stock Dividends | 3 | 3 | 3 | 3 |
| Net Income Including Noncontrolling Interests | 9.30 | 8.90 | -62.10 | -80.30 |
| Net Income Continuous Operations | 9.30 | 8.90 | -62.10 | -80.30 |
| Other Income Expense | 1.60 | 5.10 | -3.60 | 6.40 |
| Other Non Operating Income Expenses | 1.60 | 5.10 | 3.10 | 1.80 |
| Special Income Charges | 0 | 0 | -6.70 | 4.60 |
| Gain On Sale Of Business | 0 | 0 | 0 | 4.60 |
| Other Special Charges | 0 | 0 | 6.70 | 0 |
| Net Non Operating Interest Income Expense | -31.80 | -57 | -81.30 | -88.40 |
| Interest Expense Non Operating | 31.80 | 57 | 81.30 | 88.40 |
| Depreciation Amortization Depletion Income Statement | 16.50 | 22.50 | 28.60 | 28.70 |
| Depreciation And Amortization In Income Statement | 16.50 | 22.50 | 28.60 | 28.70 |
| General And Administrative Expense | 362.30 | 430.30 | 446.50 | 0 |
| Other Gand A | 362.30 | 430.30 | 446.50 | 0 |
| Operating Revenue | 1,571.80 | 1,876.80 | 1,876.60 | 1,835.90 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Alta Equipment Group Inc.this co. | ALTG | $242M | - | -27.19 | 912.5% | 26.59 |
| EVI Industries, Inc. | EVI | $262M | 39.57 | 1.63 | 5.2% | 13.66 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M |
| - |
| 4.52 |
| -27.5% |
| -22.03 |
| Gencor Industries, Inc. | GENC | $212M | 13.91 | 0.99 | 7.4% | 4.37 |
| AirJoule Technologies Corporation | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| Peer Median | - | 14.67 | 0.98 | -2.0% | 6.79 | |