Alta Equipment Group Inc. (ALTG) Misses Q3 EPS by 58c ; Provides Outlook

Alta Equipment Group Inc. (NYSE: ALTG) reported Q3 EPS of ($0.72), $0.58 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $448.8 million versus the consensus estimate of $479.88 million.

Full Year 2024 Financial Guidance and Other Financial Notes:

The Company updates our guidance range and now expects to report Adjusted EBITDA between $170.0 million and $175.0 million for the 2024 fiscal year.
Reduced rental fleet original equipment cost from $617.2 million as of June 30 to $599.0 as of September 30.
Reduced Adjusted total net debt and floor plan payables from $858.1 million as of June 30 to $819.4 million as of September 30 (see Reconciliation of non-GAAP financial measures below).

For earnings history and earnings-related data on Alta Equipment Group Inc. (ALTG) click here.

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