Alta Equipment Group (ALTG) Misses Q2 EPS by 5c

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Go back to Alta Equipment Group (ALTG) Misses Q2 EPS by 5c

Alta Equipment Group Inc. Reports Second Quarter 2020 Financial Results

August 13, 2020 4:01 PM EDT

Net revenues increased 41.4% year-over-year to $192.1 million from $135.9 million Industrial and Construction revenues of $95.1 million and $97.0 million, respectively Gross profit increased 19.9% to $46.3 million from $38.6 million in last years second quarter Net loss of $(4.1) million versus net income of $0.4 million last year Adjusted EBITDA* grew 19.2% to $19.9 million for the second quarter of 2020 Announced three acquisitions to further penetrate existing markets, expand geographic footprint and increase presence in fast growing e-commerce, warehousing and logistics markets

LIVONIA, Mich.--(BUSINESS WIRE)-- Alta Equipment Group Inc. (Alta or the company) (NYSE:... More