Alta equipment group announces third quarter 2023 financial results

Third quarter financial highlights: (comparisons are year over year) total revenues increased 15.1% year over year to $466.2 million construction and material handling revenues of $282.0 million and $168.6 million, respectively master distribution with revenues of $18.1 million product support revenues increased 12.1% year over year with parts sales increasing to $69.5 million and service revenues increasing to $60.6 million new and used equipment sales grew 20.7% to $253.6 million net income available to common stockholders of $6.7 million compared to $4.4 million in 2022 basic and diluted net income per share of $0.21 and $0.20, respectively, for 2023 compared to $0.14 for both in 2022 adjusted basic and diluted net income per share* of $0.36 for 2023 compared to $0.21 for 2022 adjusted ebitda* grew 15.9% to $51.0 million, compared to $44.0 million in 2022 increased full year 2023 adjusted ebitda guidance to range of $187 million to $192 million from the previously announced $180 million to $188 million livonia, mich., nov. 08, 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 third quarter ended september 30, 2023.
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