Alta Equipment Group Inc. (ALTG) Income Statement Analysis

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Complete financial analysis of Alta Equipment Group Inc. (ALTG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Alta Equipment Group Inc., a leading company in the Rental & Leasing Services industry within the Industrials sector.

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Alta Equipment Group Inc. (ALTG)

Industry: Rental & Leasing Services

Sector: Industrials

Website: https://www.altaequipment.com

About Alta Equipment Group Inc.

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and aerial work platforms, earthmoving equipment, cranes, paving and asphalt equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	1.88B	1.57B	1.21B	873.60M	557.40M	413.00M	345.47M	0.00
Cost of Revenue	1.37B	1.15B	898.40M	659.10M	1.93M	302.90M	257.43M	0.00
Gross Profit	507.20M	419.60M	314.40M	214.50M	555.47M	110.10M	88.04M	0.00
Gross Profit Ratio	27.02%	26.70%	25.92%	24.55%	99.65%	26.66%	25.48%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	430.30M	362.30M	285.90M	216.00M	137.60M	92.00M	74.91M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	-92.00M	0.00	0.00
SG&A	430.30M	362.30M	285.90M	216.00M	137.60M	342.00	74.91M	0.00
Other Expenses	22.50M	16.50M	10.50M	6.60M	1.93M	0.00	0.00	0.00
Operating Expenses	452.80M	378.80M	296.40M	222.60M	1.93M	342.00	75.92M	0.00
Cost & Expenses	1.82B	1.53B	1.19B	881.70M	1.93M	342.00	333.35M	0.00
Interest Income	0.00	31.80M	24.00M	23.80M	2.25M	0.00	0.00	0.00
Interest Expense	57.00M	31.80M	24.00M	23.80M	20.50M	0.00	0.00	0.00
Depreciation & Amortization	132.60M	112.00M	95.80M	75.00M	50.10M	37.10M	31.52M	22.82K
EBITDA	192.10M	154.40M	102.60M	68.20M	35.20M	52.90M	43.12M	22.82K
EBITDA Ratio	10.24%	9.82%	9.44%	8.68%	-0.35%	0.00%	12.48%	0.00%
Operating Income	54.40M	40.80M	18.00M	800.00K	-1.93M	-342.00	11.60M	0.00
Operating Income Ratio	2.90%	2.60%	1.48%	0.09%	-0.35%	0.00%	3.36%	0.00%
Total Other Income/Expenses	-51.90M	-30.20M	-35.20M	-22.50M	-33.47M	-15.80M	-5.70M	0.00
Income Before Tax	2.50M	10.60M	-17.20M	-30.60M	317.85K	-342.00	5.91M	0.00
Income Before Tax Ratio	0.13%	0.67%	-1.42%	-3.50%	0.06%	0.00%	1.71%	0.00%
Income Tax Expense	-6.40M	1.30M	3.60M	-6.60M	309.00K	800.00	800.00	800.00
Net Income	8.90M	9.30M	-20.80M	-24.00M	8.85K	-1.14K	-800.00	-800.00
Net Income Ratio	0.47%	0.59%	-1.72%	-2.75%	0.00%	0.00%	0.00%	0.00%
EPS	0.18	0.29	-0.66	-0.90	0.00	0.00	0.00	0.00
EPS Diluted	0.18	0.29	-0.66	-0.90	0.00	0.00	0.00	0.00
Weighted Avg Shares Out	32.45M	32.10M	31.71M	26.61M	7.30M	18.39M	18.39M	16.05M
Weighted Avg Shares Out (Dil)	32.88M	32.30M	31.71M	26.61M	7.30M	18.39M	18.39M	16.05M

Alta Equipment Group Introduces Quarterly Common Stock Dividend and Share Repurchase Program

July 12, 2022businesswire.com

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”) today announced that its Board of Directors (“Board”) has initiated a regular quarterly common stock dividend of $0.057 per share, or approximately $0.23 per share on an annualized...

Alta Equipment Group: Potential Synergistic Opportunities, B. Riley Keeps Accumulating

July 7, 2022seekingalpha.com

ALTG has fallen ~47% from its highs in November 2021. The CEO owns 23% of the stock. B. Riley Financial owns 19% and continues to accumulate shares in the open market.

Alta Equipment Group Acquires Yale Industrial Trucks, Inc.

July 6, 2022businesswire.com

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”) today announced that it has entered into a definitive agreement to acquire Yale Industrial Trucks, Inc. (“YIT”), a privately held Yale lift truck dealer with five locations in...

Alta Equipment Group Acquires Yale Industrial Trucks, Inc.

July 6, 2022businesswire.com

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Acquires Yale Industrial Trucks, Inc.; Expands Company's North American Presence into Major Canadian Markets

Alta Equipment Group Announces Preferred Stock Dividend

July 1, 2022businesswire.com

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling and construction equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred...

Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q1 2022 Results - Earnings Call Transcript

May 10, 2022seekingalpha.com

Alta Equipment Group Inc. (NYSE:ALTG ) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting and Technical Accounting Ryan Greenawalt - Chairman and Chief Executive Officer Tony Colucci -...

Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates

May 10, 2022zacks.com

Alta Equipment (ALTG) delivered earnings and revenue surprises of 71.43% and 1.84%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Alta Equipment Group Inc. Reports First Quarter 2022 Financial Results

May 10, 2022businesswire.com

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “Company”) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today announced financial results for the first quarter ended March 31, 2022. CEO Comment: Ryan...