Alta Equipment Group (ALTG) Misses Q3 EPS by 1c

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Go back to Alta Equipment Group (ALTG) Misses Q3 EPS by 1c

Alta Equipment Group Inc. Reports Third Quarter 2021 Financial Results

November 11, 2021 4:08 PM EST

Third Quarter Financial Highlights: (comparisons are year over year)

Net revenues increased 33.7% year over year to $295.0 million Construction and Material Handling revenue of $184.7 million and $110.3 million, respectively Product Support gross profit increased $5.7 million year over year to $38.9 million Net loss of $(0.5) million available to common shareholders compared to income of $0.3 million in prior year Adjusted net income per share* basic and diluted $0.02 compared to a loss of $(0.10) in prior year Adjusted EBITDA* grew 43.4% to $31.4 million compared to $21.9 million in Q3... More