Alta Equipment Group Inc. Reports First Quarter 2020 Financial Results
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Business Wire
Provides Update on Response to COVID-19Net revenues increased 76% year-over-year to $180.5 million from $102.3 millionIndustrial and Construction revenues reach $94.6 million and $85.9 million, respectivelyGross profit increased to $47.1 million from $27.5 millionNet loss from operations of $5 million; net loss of $17 million, primarily due to business combination completed in February 2020First quarter 2020 Adjusted EBITDA* of $18.8 million (reflecting seasonality of business in Q1, historically ~20% of annual EBITDA)Labor utilization rate sustains at benchmark levels throughout COVID-19 impacted periods LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “company”) (NYSE: ALTG), a leading provider of premium industrial and construction equipment and related services, today announced financial results for the first quarter ended March 31, 2020 and provided an update on the company’s response to the COVID-19 pandemic.CEO Comment:Ryan Greenawalt, Chief Executiv
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ALTG
News
- Alta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its Industry [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Board Refreshment [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Board Refreshment [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Announces Board RefreshmentGlobeNewswire
- Alta Equipment Group Announces Preferred Stock DividendGlobeNewswire
ALTG
Earnings
- 3/14/24 - Beat
ALTG
Sec Filings
- 4/12/24 - Form 3/A
- 4/12/24 - Form 8-K
- 4/11/24 - Form SC
- ALTG's page on the SEC website