Alta Equipment Group (ALTG) Reports Q1 Loss of $0.91/sh

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. HUBS
2. ARM
3. FIS
4. BROS
5. QCOM
6. EXPE
7. FSLY
8. CPAY
9. FICO
10. PAYC

Go back to Alta Equipment Group (ALTG) Reports Q1 Loss of $0.91/sh

Alta Equipment Group Inc. Reports First Quarter 2020 Financial Results

May 14, 2020 4:05 PM EDT

Provides Update on Response to COVID-19

Net revenues increased 76% year-over-year to $180.5 million from $102.3 million Industrial and Construction revenues reach $94.6 million and $85.9 million, respectively Gross profit increased to $47.1 million from $27.5 million Net loss from operations of $5 million; net loss of $17 million, primarily due to business combination completed in February 2020 First quarter 2020 Adjusted EBITDA* of $18.8 million (reflecting seasonality of business in Q1, historically ~20% of annual EBITDA) Labor utilization rate sustains at benchmark levels throughout COVID-19 impacted periods

LIVONIA, Mich.--(BUSINESS WIRE)-- Alta Equipment... More