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Stock impact report

Alta Equipment Group Reports Full Year 2019 Financial Results

Alta Equipment Group Inc. Class A (ALTG) 
Company Research Source: Business Wire
Net revenues increased 35% year-over-year to $557.4 million, led by the acquisition of Northland Industrial Truck Co. (“NITCO”) in May of 2019 and continued growth in Alta Equipment Group Inc.’s core businessesIndustrial revenues were $312.3 million, an increase of $110.0 million, or 54.4%, compared to $202.3 million a year ago, primarily related to the NITCO acquisitionConstruction revenues were $245.1 million, an increase of $34.4 million, or 16.3%, compared to $210.7 million a year agoGross profit increased to 27.3%, compared to 26.7% a year ago LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium industrial and construction equipment and related services, today announced financial results for the full year 2019. The financial results reflect the twelve months ended December 31, 2019, prior to the recent closing of the business combination on February 14, 2020 of the recent business combination between Alta’s predecessor Show less Read more
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