Alta Equipment Group Inc. (ALTG) Misses Q1 EPS by 17c, Beats on Revenue

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Go back to Alta Equipment Group Inc. (ALTG) Misses Q1 EPS by 17c, Beats on Revenue

Alta Equipment Group Announces First Quarter 2024 Financial Results

May 8, 2024 4:15 PM EDT

First Quarter Financial Highlights:

Total revenues increased $20.9 million year over year to $441.6 millionConstruction and Material Handling revenues of $255.6 million and $174.3 million, respectivelyProduct support revenues increased 6.5% year over year with Parts sales increasing to $72.9 million and Service revenues increasing to $64.0 millionNew and used equipment sales grew 4.1% year over year to $228.6 millionNet loss available to common stockholders of $(12.7) million Basic and diluted net loss per share of $(0.38)Adjusted basic and diluted net loss per share* of $(0.22)... More