UPDATE: Alta Equipment Group (ALTG) Reports Q4 Revenues Beat

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Go back to UPDATE: Alta Equipment Group (ALTG) Reports Q4 Revenues Beat

Alta Equipment Group Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

March 18, 2021 4:05 PM EDT

Fourth Quarter 2020 Financial Highlights

Net revenues increased 65.5% year over year to $280.4 million Construction and Material Handling revenue of $151.5 million and $128.9 million, respectively Gross profit increased 54.1% year over year to $64.4 million Net loss of $(3.2) million Adjusted EBITDA* grew 27.5% to $24.6 million compared to $19.3 million last year Completed two acquisitions solidifying presence in New York State and Midwest construction markets

2020 Full Year Financial Highlights

Net revenues increased... More