Alta Equipment Group (ALTG) Misses Q1 EPS by 4c, Revenue Beats

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Go back to Alta Equipment Group (ALTG) Misses Q1 EPS by 4c, Revenue Beats

Alta Equipment Group Inc. Reports First Quarter 2021 Financial Results

May 13, 2021 4:05 PM EDT

First Quarter Financial Highlights:

Net revenues increased 48.9% year over year to $268.8 million Construction and Material Handling revenue of $162.0 million and $106.8 million, respectively Gross profit increased to $67.3 million year over year from $47.1 million Net loss of ($5.7) million compared to ($17.0) million prior year Adjusted EBITDA* grew 38.0% to $22.9 million compared to $16.6 million

LIVONIA, Mich.--(BUSINESS WIRE)-- Alta Equipment Group Inc. (Alta or the company) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today... More