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