Alta Equipment Group(ALTG)
$5.49+0.52 (+10.46%)
ALTG
Alta Equipment Group earnings date
$5.49
At close:+0.52 (+10.46%)
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Alta Equipment Group (ALTG) Q3 2026 Earnings Report
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ALTG Q3 2026 EPS Results
- Actual EPS
- -$0.37
- Consensus EPS
- -$0.26
- Beat/Miss
- Missed by -$0.11
- One Year Ago EPS
- -$1.31
ALTG Q3 2026 Revenue Results
- Actual Revenue
- $417.40M
- Expected Revenue
- $452.30M
- Beat/Miss
- Missed by -$34.90M
- YoY Revenue Growth
- -1.23%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/09/2026
- Time
- After Close
- Conference Call
- Monday, November 9, 2026
ALTG Upcoming Earnings
Alta Equipment Group's next earnings date is estimated for March 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
ALTG Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. Alta reported higher adjusted EBITDA, margin expansion, stronger cash flow, lower capital requirements, reduced debt and improved Construction Equipment and Material Handling indicators. The main negatives were the 1.2% revenue decline, delayed Material Handling deliveries, revised 2026 guidance, continued economic uncertainty and ongoing rental fleet and staffing optimization. Management characterized the Material Handling guidance change primarily as a timing shift rather than a deterioration in underlying demand and expressed increasing confidence in the company's positioning for 2027.
Company Guidance
Management revised full year 2026 adjusted EBITDA guidance to $165 million to $170 million and free cash flow before rent-to-sell decisioning guidance to $95 million to $105 million; some Material Handling deliveries previously anticipated in the second half of this year are expected to move into the first quarter of 2027, Q4 in 2026 is expected to be better than in '25, and a more robust Q1 is expected versus '26. Comments on 2027 “should not be interpreted as formal 2027 guidance,” but management said a 20% move to the top side is “a realistic probability” in '27, construction market growth is expected at 5% to 10%, the rental fleet is expected to be sub-$500 million by year-end, and service revenue in '26 is expected to be a flattish type year.
- Higher Adjusted EBITDA and Margin ExpansionThird-quarter consolidated revenue was $417.4 million and adjusted EBITDA was $44.9 million, up 7.7% year over year despite revenue declining 1.2%. Adjusted EBITDA margin expanded approximately 90 basis points to 10.8%, while operating expenses declined approximately $3 million.
- Improved Margins Across Core BusinessesNew and used equipment gross margins increased 60 basis points to 15.6%; service gross margins increased 250 basis points to 61.5%; and rental revenue gross margins increased 200 basis points on higher utilization. Management attributed the improvements to better pricing discipline, service productivity and a more efficient rental fleet.
- Capital Efficiency and Cash Flow ImprovementInventory and net rental fleet declined approximately $45 million since year-end, while year-to-date cash flow after investing activities improved approximately $73 million versus last year. The company also delevered the balance sheet by $17 million since year-end.
- Stronger Operating Cash Flow and LiquidityFor the first nine months, net cash provided by operating activities was $58.8 million compared with cash used of approximately $1 million in the prior-year period. Cash flows after investing activities totaled $53 million, inventory declined to $448 million from $473 million at year-end, total liquidity was approximately $250 million at September 30, net debt declined approximately $20 million in the quarter, and interest expense was $2.5 million lower than the prior-year quarter.
- Construction Equipment Growth With Lower Capital BaseThird-quarter Construction Equipment revenue increased 5% and adjusted EBITDA increased 11.2% year over year. Average assets declined $76.5 million, or 8.4%, while trailing 12-month adjusted EBITDA remained approximately $100 million, improving trailing 12-month adjusted EBITDA return on average assets by approximately 100 basis points to 11.9%.
- Supportive Construction Equipment MarketMarket deliveries in Alta's construction territories were up approximately 5% year to date despite moderating growth in the third quarter. Demand was supported by infrastructure, municipal spending, energy and industrial investment, while state DOT budgets remained elevated in the company's largest geographies.
- Healthier Construction Competitive EnvironmentDealer inventories were described as moderating, pricing was more rational, and used equipment values had stabilized. Management said construction inventory levels had normalized and estimated the dealer channel was approximately 90% of the way to equilibrium, with industry inventory potentially about 10% above levels before the prior inventory glut.
- Material Handling Bookings and Backlog ImprovementMaterial Handling industry bookings in Alta's territories increased approximately 67% in the third quarter, bringing year-to-date growth to 27%. Management said bookings and backlog remained supportive, with customers beginning to replace aging fleets after an extended period of deferred capital spending.
- Material Handling Profitability and Efficiency GainsMaterial Handling generated $151.6 million of revenue and $15.4 million of adjusted EBITDA in the third quarter. Gross margin increased 160 basis points to 35%, service gross margin improved 230 basis points, rental gross margin increased 310 basis points, and operating expenses declined $1.6 million.
- Rental Fleet OptimizationDespite a smaller rental fleet, rental revenue increased sequentially during the third quarter and gross margins improved in both Construction Equipment and Material Handling. The company ended the quarter with $509 million of gross rental fleet book value and said it was on track to be below $500 million by year-end while continuing to improve utilization.
- Operating Expense and Productivity ImprovementsAlta said it was improving technician productivity, service pricing and realization, parts and service absorption, branch execution, inventory deployment and personnel deployment. It also reduced administrative headcount in certain geographies and lowered operating expenses through a leaner service and rental structure.
- Positive 2027 Market SetupManagement said 2027 should benefit from stronger Material Handling bookings and backlog, durable Construction Equipment demand, better rental productivity from a smaller fleet and a more efficient operating structure requiring less incremental capital. Management also described the Material Handling replacement cycle as having substantial room to run because normalized replacement volumes of approximately 42,000 to 43,000 lift trucks had not yet been reached.
- Targeted Growth Investments and Market Share OpportunitiesAlta plans to focus potential modest rental fleet growth and investment on Toronto and Chicago, particularly in warehousing and logistics, and may add fleet in Florida where data-center-related infrastructure activity is increasing. The company also expects organic sales initiatives in Toronto and Chicago to potentially yield share gains and intends to pursue share in electric forklift and warehouse product categories.
- Broader Platform and Product Support OpportunitiesManagement cited strong OEM relationships, extensive product support capabilities and complementary businesses such as PeakLogix and Ecoverse as part of its longer-term strategy. Alta has grown from 43 to 85 locations since becoming public and employs approximately 2,600 people.
ALTG Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 18, 2027 | 2026 (Q4) | -0.30- | -0.39 | ― | ― |
| Nov 09, 2026 | 2026 (Q3) | -0.26-0.37 | -1.31 | 71.76% (+0.94) | |
| Aug 06, 2026 | 2026 (Q2) | -0.21-0.25 | -0.12 | -115.52% (-0.13) | |
| May 07, 2026 | 2026 (Q1) | -0.57-0.62 | -0.47 | -31.36% (-0.15) | |
| Feb 26, 2026 | 2025 (Q4) | -0.30-0.39 | -0.19 | -109.68% (-0.20) | |
| Nov 06, 2025 | 2025 (Q3) | -0.20-1.31 | -0.72 | -81.94% (-0.59) | |
| Aug 07, 2025 | 2025 (Q2) | -0.17-0.12 | 0.01 | -1260.00% (-0.13) | |
| May 07, 2025 | 2025 (Q1) | -0.55-0.47 | -0.22 | -114.55% (-0.25) | |
| Mar 05, 2025 | 2024 (Q4) | -0.27-0.19 | 0.03 | -720.00% (-0.22) | |
| Nov 12, 2024 | 2024 (Q3) | -0.14-0.72 | 0.36 | -300.00% (-1.08) |
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
