Welcome to our dedicated page for Alta Equipment Group news (Ticker: ALTG), a resource for investors and traders seeking the latest updates and insights on Alta Equipment Group stock.
Alta Equipment Group Inc. (NYSE: ALTG) is an integrated equipment dealership platform focused on premium material handling, construction and environmental processing equipment and related services. News about Alta often centers on how its equipment sales, rentals, parts and service activities perform across its Material Handling and Construction Equipment segments.
On this page, readers can follow company announcements about quarterly and annual financial results, where Alta reports trends in new and used equipment sales, product support revenues, rental activity and segment performance. Earnings releases typically include management commentary on market conditions in material handling and construction end markets, as well as updates on cost initiatives and rental fleet optimization.
Alta’s news flow also includes board actions on capital allocation, such as declarations of dividends on its 10% Series A Cumulative Perpetual Preferred Stock and prior decisions regarding common stock dividends and share repurchase authorizations. These updates provide context on how the company balances debt reduction, preferred dividends and common equity repurchases.
In addition, Alta issues press releases about business divestitures and portfolio adjustments, including sales of selected rental or service businesses that do not align with its strategic priorities. Such items help investors understand how Alta refines its focus within material handling, construction equipment and environmental processing equipment. For ongoing insight into ALTG, this news feed brings together financial results, capital allocation decisions and operational updates in one place.
Alta Equipment Group Inc. (NYSE: ALTG) announced its acquisition of Howell Tractor and Equipment, LLC, a prominent heavy equipment dealer in Northern Illinois and Northwest Indiana. Howell Tractor, operational since 1943, generated approximately $33.1 million in revenue and had an adjusted EBITDA of about $5.0 million over the last twelve months. The acquisition, aimed at enhancing Alta's service offerings and market presence, is expected to close in Q4 2020, pending customary conditions.