Alta Equipment Group Inc Stock Price, News & Analysis

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.

Alta Equipment Group Inc. (NYSE: ALTG) has declared a quarterly dividend of $0.057 per share, payable on February 28, 2023, to shareholders of record as of February 15, 2023. The company, a prominent provider of material handling and construction equipment, operates over 70 locations across several states, offering a wide range of specialized equipment and services. This dividend reflects Alta's ongoing commitment to returning value to its shareholders, underpinning its position in the equipment dealership market.

Alta Equipment Group Inc. (NYSE: ALTG) has announced a quarterly dividend of $0.625 per share on its Series A Cumulative Perpetual Preferred Stock. The dividend payment date is January 31, 2023, for shareholders on record as of January 15, 2023. As a prominent equipment dealership, Alta provides a diverse range of material handling and construction equipment across the U.S., with over 65 locations in states including Michigan, Illinois, Indiana, and New York.

Alta Equipment Group Inc. (NYSE: ALTG) reported strong third quarter results for 2022, with total revenues up 37.3% year over year to $405.0 million. Key segments include Construction and Material Handling revenue of $249.7 million and Product Support revenue of $116.1 million. The company achieved net income of $4.4 million, reversing a loss of $(0.6) million in 2021. Adjusted EBITDA grew 39.2% to $44.0 million. Alta is optimistic about continued growth, driven by a robust M&A strategy and favorable market conditions.