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Stock impact report

Alta Equipment Group Announces First Quarter 2024 Financial Results

Alta Equipment Group Inc. Class A (ALTG) 
Company Research Source: GlobeNewswire
First Quarter Financial Highlights: Total revenues increased $20.9 million year over year to $441.6 millionConstruction and Material Handling revenues of $255.6 million and $174.3 million, respectivelyProduct support revenues increased 6.5% year over year with Parts sales increasing to $72.9 million and Service revenues increasing to $64.0 millionNew and used equipment sales grew 4.1% year over year to $228.6 millionNet loss available to common stockholders of $(12.7) million Basic and diluted net loss per share of $(0.38)Adjusted basic and diluted net loss per share* of $(0.22) Adjusted EBITDA* of $34.1 million LIVONIA, Mich., May 08, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the first quarter ended March 31, 2024. CEO Comment: Ryan Greenawalt, Chief Show less Read more
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