Alta Equipment Group Inc. (ALTG) Misses Q4 EPS by 1c, Revenue Beats

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Go back to Alta Equipment Group Inc. (ALTG) Misses Q4 EPS by 1c, Revenue Beats

Alta Equipment Group Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Adjusted EBITDA Guidance for 2023

March 9, 2023 4:15 PM EST

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

Total revenues increased 20.3% year over year to $428.6 millionConstruction and Material Handling revenue of $269.0 million and $154.3 million, respectivelyProduct Support revenue increased 25.4% year over year with Parts Sales increasing by $13.1 million and Service Revenue increasing by $9.9 millionNet loss of $(1.5) million available to common stockholders compared to $(1.3) million in 2021Basic and diluted net loss per share of $(0.05) compared to $(0.04) in 2021Adjusted basic and diluted net income per share* of $0.04 for both 2022 and... More