Alta Equipment Group, Inc. ( (ALTG) ) has released its Q3 earnings. Here is a breakdown of the information Alta Equipment Group, Inc. presented to its investors.
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Alta Equipment Group Inc., a prominent player in the North American equipment dealership industry, specializes in the sale, rental, and servicing of material handling, construction, and environmental processing equipment.
In the third quarter of 2025, Alta Equipment Group reported a decline in total revenues to $422.6 million, a decrease of $26.2 million compared to the previous year. Despite facing challenges in the market, the company noted a strong performance in October, particularly in the Construction Equipment segment, which management hopes signals continued customer activity.
Key financial metrics for the quarter included a decrease in material handling and construction equipment revenues, while product support revenues saw a slight increase. The company also reported a reduction in selling, general, and administrative expenses by $4.7 million year over year. However, Alta experienced a net loss of $42.3 million available to common stockholders, with an adjusted EBITDA of $41.7 million, down $1.5 million from the previous year.
Looking forward, Alta Equipment Group remains optimistic about the future, buoyed by October’s sales momentum and favorable market conditions such as recent interest rate cuts and the enactment of the One Big Beautiful Bill Act. The company is focused on executing sales initiatives to drive market share and improve profitability, anticipating a strong fourth quarter and a positive outlook for 2026.