Alta Equipment Group Inc. (ALTG) Tops Q3 EPS by 4c
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Alta Equipment Group Inc. Reports Third Quarter 2022 Financial Results and Raises 2022 Guidance for Adjusted EBITDA
November 9, 2022 4:15 PM ESTThird Quarter Financial Highlights: (comparisons are year over year)
Total revenues increased 37.3% year over year to $405.0 million Construction and Material Handling revenue of $249.7 million and $155.3 million, respectively Product Support revenue increased $29.4 million year over year to $116.1 million Conditions in the Companys end-user markets remain strong driving continued growth Net income of $4.4 million available to common shareholders compared to a loss of $(0.6) million in 2021 Basic and diluted net income per share of $0.14 compared to loss of $(0.02) in 2021 Adjusted basic and diluted net income per... More