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 (ALTG) provides integrated equipment solutions across material handling and construction sectors through sales, rentals, and nationwide service support. This news hub delivers timely updates on corporate developments essential for tracking ALTG's market position and operational strategy.
Access official press releases covering earnings reports, equipment launches, strategic partnerships, and leadership updates. Investors and industry professionals will find curated announcements on fleet expansions, service innovations, and market expansion initiatives within ALTG's key operational regions.
The repository emphasizes material handling advancements, construction equipment deployments, and aftermarket service enhancements. Content spans financial performance milestones, sustainability initiatives, and technology integrations across ALTG's dual business segments.
Bookmark this page for streamlined access to verified ALTG updates, ensuring informed analysis of their equipment dealership leadership and industrial solutions evolution. Check regularly for new developments impacting North American manufacturing and infrastructure sectors.
Alta Equipment Group Inc. (NYSE: ALTG) has announced it will report its Q1 2023 financial results on May 10, 2023, after the market closes. The company will hold a conference call that same day at 5:00 p.m. Eastern Time to discuss these results. The earnings release and supplemental information will be available on Alta's Investor Relations website.
With over 70 locations, Alta operates one of the largest integrated equipment dealership platforms in the U.S., specializing in material handling, construction, and environmental processing equipment. The audio replay of the call will be accessible until May 24, 2023.
Alta Equipment Group Inc. (NYSE: ALTG) has announced a quarterly dividend of $0.625 per share on its Series A Cumulative Perpetual Preferred Stock. This payment will be made on May 1, 2023, to shareholders of record at the close of business on April 15, 2023. Alta operates a leading equipment dealership platform in the U.S. and Canada, offering a wide range of material handling and construction equipment.
Alta Equipment Group (NYSE: ALTG) reported a 20.3% increase in total revenues for Q4 2022, totaling $428.6 million, driven primarily by strong performance in Construction and Material Handling. Full-year revenues rose 29.6% year-over-year to $1.571 billion. The company achieved a net income of $6.3 million, a significant improvement from the previous year's loss of $23.4 million. Adjusted EBITDA increased 31.8% to $158.1 million, exceeding guidance. Alta also initiated a $0.057 quarterly dividend and announced plans for a $12.5 million share repurchase program. For 2023, adjusted EBITDA guidance is set between $177 million and $185 million.
Alta Equipment Group Inc. (NYSE: ALTG) will report its financial results for Q4 and the year ended December 31, 2022, on March 9, 2023, after U.S. market close. A conference call will follow at 5:00 p.m. ET to discuss the results. The company's dealership network spans over 70 locations across the U.S. and Canada, offering a wide range of specialized equipment. Investors can access the results and related materials on the company’s website.
The audio replay of the call will be available until March 23, 2023.
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