Alta equipment group announces second quarter 2023 financial results

Second quarter financial highlights: (comparisons are year over year) total revenues increased 15.2% year over year to $468.4 million construction and material handling revenues of $281.5 million and $169.1 million, respectively newly introduced reporting segment, master distribution, with revenues of $21.4 million product support revenues increased 19.1% year over year with parts sales increasing to $71.3 million and service revenues increasing to $59.7 million new and used equipment sales grew 17.2% to $254.6 million net income of $1.7 million available to common stockholders compared to $5.4 million in 2022 basic and diluted net income per share of $0.05 for 2023 compared to $0.17 in 2022 adjusted basic and diluted net income per share* of $0.19 for 2023 compared to $0.26 for 2022 adjusted ebitda* grew 20.5% to $49.9 million, compared to $41.4 million in 2022 reaffirmed 2023 adjusted ebitda guidance of between $180 to $188 million livonia, mich., aug. 09, 2023 (globe newswire) -- alta equipment group inc. (nyse: altg) (“alta” or the “company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the second quarter ended june 30, 2023.
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