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Alta Equipment Group, Inc. (ALTG)
:ALTG
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.18Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 20.44%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive developments, such as strong performance in product support and strategic divestitures, which were offset by challenges, including a decline in overall revenue and the suspension of the dividend. The company also faces uncertainties related to tariffs. Despite these challenges, Alta Equipment Group demonstrated resilience and strategic focus, as evidenced by the increased share repurchase program.Company Guidance
During the first quarter of 2025, Alta Equipment Group provided several key metrics in their earnings call. The company reported a revenue of $423 million, marking a 4.2% decline year-over-year. Despite this reduction, adjusted EBITDA was $33.6 million, only down by $0.5 million compared to Q1 2024, showcasing strong cost management and operational efficiency. Gross margins improved with a notable 230 basis point year-over-year increase in service gross margin and a 290 basis point gain specifically in the Construction segment. The company also managed a significant $7.9 million reduction in SG&A expenses. On the balance sheet front, Alta ended the quarter with approximately $290 million in cash and available credit, and a strategic divestiture of the aerial equipment rental business in Illinois yielded $20 million in cash proceeds. Alta reaffirmed their fiscal year 2025 adjusted EBITDA guidance, now projected between $171.5 million and $186.5 million, after accounting for the recent divestiture. Additionally, the company announced a shift in capital allocation strategy, suspending their quarterly dividend to focus on a $30 million share repurchase program, reflecting confidence in Alta's intrinsic value and commitment to shareholder returns.Solid Performance in Product Support
The product support business held strong and remains a critical pillar of strength. Service gross margin increased by 230 basis points year-over-year, adding $2.7 million in gross margin.
Positive Developments in Construction Equipment
The construction equipment market expanded modestly year-over-year, driven by infrastructure-related projects, despite some regional softening in private nonresidential construction.
Successful Divestiture of Aerial Equipment Rental Business
Alta Equipment Group strategically divested its aerial equipment rental business in the Chicagoland market, generating approximately $20 million in cash proceeds.
Increased Share Repurchase Program
The Board of Directors increased the share repurchase program by $10 million, bringing the total to $30 million, alongside a $10 million allocation to a Rule 10b5-1 plan.
Master Distribution Segment Growth
Ecoverse, part of the Master Distribution segment, outperformed last year's revenue figure by 35.9% due to strong demand for environmental processing equipment.
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ALTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $4.50 | $4.43 | -1.56% |
Mar 05, 2025 | $5.05 | $5.00 | -0.99% |
Nov 12, 2024 | $7.78 | $7.76 | -0.26% |
Aug 07, 2024 | $7.90 | $6.18 | -21.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alta Equipment Group, Inc. (ALTG) report earnings?
Alta Equipment Group, Inc. (ALTG) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Alta Equipment Group, Inc. (ALTG) earnings time?
Alta Equipment Group, Inc. (ALTG) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTG EPS forecast?
ALTG EPS forecast for the fiscal quarter 2025 (Q2) is -0.18.
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