Alta Equipment Group Inc. (ALTG) Q4 2024 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - DA Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Joule [ph] and I'll be your moderator for today's call.
- 03/05/2025
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Alta Equipment (ALTG) Reports Q4 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.08 per share a year ago.
- 03/05/2025
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Alta Equipment Group Announces Fourth Quarter and Full Year 2024 Financial Results and Provides Adjusted EBITDA Guidance for 2025
- Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline
- 03/05/2025
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Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2024 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., Feb. 21, 2025 (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 that it will report its financial results for the fourth quarter and full year ended December 31, 2024, after the U.S. markets close on Wednesday, March 5, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
- 02/21/2025
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Alta Equipment Group Announces Common Stock Dividend
- LIVONIA, Mich., Feb. 03, 2025 (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 that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is February 28, 2025, to shareholders of record at the close of business on February 15, 2025.
- 02/03/2025
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Alta Equipment Group Announces Preferred Stock Dividend
- LIVONIA, Mich., Jan. 03, 2025 (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 that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is January 31, 2025, to shareholders of record at the close of business on January 15, 2025.
- 01/03/2025
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Alta Equipment Group: Weighing Potential Returns Against Material Uncertainty
- Alta Equipment Group operates a compelling business model as an exclusive regional distributor and rental equipment provider for several construction and material handling OEM's. The company's management appears capable, but may be wearing rose-colored glasses when projecting future prospects. An investment in Alta provides an opportunity for great returns, but not without significant uncertainty and risk.
- 12/22/2024
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New Strong Sell Stocks for November 22nd
- ATI, AKBA and ALTG have been added to the Zacks Rank #5 (Strong Sell) List on November 22, 2024.
- 11/22/2024
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Alta Equipment Group Inc. (ALTG) Q3 2024 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Min Cho - B.
- 11/13/2024
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Alta Equipment (ALTG) Reports Q3 Loss, Lags Revenue Estimates
- Alta Equipment (ALTG) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.20 per share a year ago.
- 11/12/2024
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Alta Equipment Group Announces Third Quarter 2024 Financial Results
- Third Quarter Financial Highlights: Total revenues decreased $17.4 million year over year to $448.8 million Construction Equipment and Material Handling revenues of $262.3 million and $168.9 million, respectively Product support revenues increased 7.8% year over year with Parts sales increasing to $75.6 million and Service revenues increasing to $64.6 million New and used equipment sales decreased 13.3% year over year to $219.8 million Net loss available to common stockholders of $(28.4) million Basic and diluted net loss per share of $(0.86) Adjusted basic and diluted net loss per share* of $(0.72) Adjusted EBITDA* of $43.2 million Third quarter 2024 net loss was impacted by a $14.0 million discrete tax expense from increasing the valuation allowance on our deferred tax assets, specifically related to 163(j) interest limitations Additionally, on October 30, 2024, the Company's Board of Directors approved an increase to the share buyback authorization from $12.5 million to $20.0 million LIVONIA, Mich., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" 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, 2024.
- 11/12/2024
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Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., Nov. 07, 2024 (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 that it will report its financial results for the third quarter ended September 30, 2024, after the U.S. markets close on Tuesday, November 12, 2024.
- 11/07/2024
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Alta Equipment (ALTG) Moves 15.8% Higher: Will This Strength Last?
- Alta Equipment (ALTG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 11/07/2024
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Alta Equipment Group Announces Common Stock Dividend
- LIVONIA, Mich., Nov. 04, 2024 (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 that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share.
- 11/04/2024
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Alta Equipment: Overlooked And Undervalued
- Alta's earnings power is more durable than appears with Parts & Services segment driving high margin, recurring revenue growth. Despite appearing highly levered, Alta enjoys subsidized floor plan financing and is well capitalized to weather temporary headwinds. Alta's rental fleet flexibility reveals hidden asset value and significant cash generation potential in the coming quarters.
- 10/15/2024
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Alta Equipment Group Announces Preferred Stock Dividend
- LIVONIA, Mich., Oct. 03, 2024 (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 that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is October 31, 2024, to shareholders of record at the close of business on October 15, 2024.
- 10/03/2024
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Alta Equipment Group Inc. (ALTG) Q2 2024 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q2 2024 Earnings Call Transcript August 7, 2024 5:00 PM ET Company Participants Jason Dammeyer - Investor Relations Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steve Hansen - Raymond James Steven Ramsey - Thompson Research Group Alex Rygiel - B.
- 08/08/2024
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Alta Equipment (ALTG) Reports Q2 Loss, Misses Revenue Estimates
- Alta Equipment (ALTG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.19 per share a year ago.
- 08/07/2024
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Alta Equipment Group Announces Second Quarter 2024 Financial Results
- Second Quarter Financial Highlights: Total revenues increased $19.7 million year over year to $488.1 million Construction Equipment and Material Handling revenues of $294.9 million and $175.6 million, respectively Product support revenues increased 10.1% year over year with Parts sales increasing to $78.0 million and Service revenues increasing to $66.2 million New and used equipment sales decreased 1.2% year over year to $251.5 million Net loss available to common stockholders of $(12.6) million Basic and diluted net loss per share of $(0.38) Adjusted basic and diluted net income per share* of $0.01 Adjusted EBITDA* of $50.3 million LIVONIA, Mich., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" 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, 2024.
- 08/07/2024
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Alta Equipment Group Announces Common Stock Dividend
- LIVONIA, Mich., Aug. 02, 2024 (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 that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is August 30, 2024, to shareholders of record at the close of business on August 15, 2024.
- 08/02/2024
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Alta Equipment Group Announces Date of Second Quarter 2024 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., July 24, 2024 (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 that it will report its financial results for the second quarter ended June 30, 2024, after the U.S. markets close on Wednesday, August 7, 2024. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com .
- 07/24/2024
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Alta Equipment Group Announces Preferred Stock Dividend
- LIVONIA, Mich., July 03, 2024 (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 that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is July 31, 2024, to shareholders of record at the close of business on July 15, 2024.
- 07/03/2024
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Is the Options Market Predicting a Spike in Alta Equipment (ALTG) Stock?
- Investors need to pay close attention to Alta Equipment (ALTG) stock based on the movements in the options market lately.
- 05/23/2024
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Alta Equipment Group Announces Pricing of Private Offering of $500 Million of Senior Secured Second Lien Notes due 2029
- LIVONIA, Mich., May 21, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), announced today that it has priced $500 million in aggregate principal amount of its 9.000% senior secured second lien notes due 2029 (the “notes”) at an issue price of 97.094% of face amount in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering of the notes is expected to close on June 5, 2024, subject to customary closing conditions.
- 05/21/2024
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Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes
- LIVONIA, Mich., May 20, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of its senior secured second lien notes due 2029 in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed by all of the Company’s domestic subsidiaries and will be secured by a second lien on substantially all of the assets of the Company and its domestic subsidiaries. Concurrent with the closing of the offering, the Company expects to amend and extend its existing $485 million senior secured asset-based revolving credit facility due 2026 (the “Existing ABL Facility”) and $70 million floor plan facility due 2026 (the “Existing Floor Plan Facility”) with a $520 million senior secured asset-based revolving credit facility due 2029 (the “New ABL Facility”) and a $90 million floor plan facility due 2029 (together with the New ABL Facility, the “First Lien Facilities”). The First Lien Facilities will be secured by a first-priority lien on the same assets securing the notes. The Company intends to use the net proceeds from the offering, together with the proceeds of new borrowings under the First Lien Facilities, (i) to refinance a portion of the Existing ABL Facility and the Existing Floor Plan Facility prior to the amendments thereto, pay accrued and unpaid interest thereon, and pay related fees and expenses thereto, (ii) to redeem all of its outstanding 5.625% Senior Secured Second Lien Notes due 2026 (the “Existing Notes”), pay the premium, accrued and unpaid interest thereon, and pay related fees and expenses thereto, and (iii) for general corporate purposes to the extent there are any remaining proceeds. The offering and related refinancing is expected to be leverage neutral for the Company. The notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The offer and sale of the notes and the related guarantees have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws of any state or other jurisdiction. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act. This press release does not constitute a notice of redemption with respect to the Existing Notes.Forward Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alta’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Alta’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: supply chain disruptions, inflationary pressures resulting from supply chain disruptions or a tightening labor market; negative impacts on customer payment policies and adverse banking and governmental regulations, resulting in a potential reduction to the fair value of our assets; the performance and financial viability of key suppliers, contractors, customers, and financing sources; economic, industry, business and political conditions including their effects on governmental policy and government actions that disrupt our supply chain or sales channels; fluctuations in interest rates; the market price for our equipment; collective bargaining agreements and our relationship with our union-represented employees; our success in identifying acquisition targets and integrating acquisitions; our success in expanding into and doing business in additional markets; our ability to raise capital at favorable terms; the competitive environment for our products and services; our ability to continue to innovate and develop new business lines; our ability to attract and retain key personnel, including, but not limited to, skilled technicians; our ability to maintain our listing on the New York Stock Exchange; the impact of cyber or other security threats or other disruptions to our businesses; our ability to realize the anticipated benefits of acquisitions or divestitures, rental fleet and other organic investments or internal reorganizations; federal, state, and local government budget uncertainty, especially as it relates to infrastructure projects and taxation; currency risks and other risks associated with international operations; and other risks and uncertainties indicated from time to time in the section entitled “Risk Factors” in Alta’s annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Alta cautions that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Alta does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.About Alta Equipment Group Inc. Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through our branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 40 years and has developed a branch network that includes over 85 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida and the Canadian provinces of Ontario and Quebec. Alta offers its customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio.ContactsInvestors:Kevin IndaSCR Partners, LLC kevin@scr-ir.com (225) 772-0254Media:Glenn MooreAlta Equipment glenn.moore@altg.com (248) 305-2134 Source: Alta Equipment Group2024 GlobeNewswire, Inc., source Press Releases
- 05/20/2024
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Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes
- LIVONIA, Mich., May 20, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of its senior secured second lien notes due 2029 in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed by all of the Company’s domestic subsidiaries and will be secured by a second lien on substantially all of the assets of the Company and its domestic subsidiaries. Concurrent with the closing of the offering, the Company expects to amend and extend its existing $485 million senior secured asset-based revolving credit facility due 2026 (the “Existing ABL Facility”) and $70 million floor plan facility due 2026 (the “Existing Floor Plan Facility”) with a $520 million senior secured asset-based revolving credit facility due 2029 (the “New ABL Facility”) and a $90 million floor plan facility due 2029 (together with the New ABL Facility, the “First Lien Facilities”). The First Lien Facilities will be secured by a first-priority lien on the same assets securing the notes. The Company intends to use the net proceeds from the offering, together with the proceeds of new borrowings under the First Lien Facilities, (i) to refinance a portion of the Existing ABL Facility and the Existing Floor Plan Facility prior to the amendments thereto, pay accrued and unpaid interest thereon, and pay related fees and expenses thereto, (ii) to redeem all of its outstanding 5.625% Senior Secured Second Lien Notes due 2026 (the “Existing Notes”), pay the premium, accrued and unpaid interest thereon, and pay related fees and expenses thereto, and (iii) for general corporate purposes to the extent there are any remaining proceeds. The offering and related refinancing is expected to be leverage neutral for the Company. The notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The offer and sale of the notes and the related guarantees have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws of any state or other jurisdiction. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act. This press release does not constitute a notice of redemption with respect to the Existing Notes.Forward Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alta’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Alta’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: supply chain disruptions, inflationary pressures resulting from supply chain disruptions or a tightening labor market; negative impacts on customer payment policies and adverse banking and governmental regulations, resulting in a potential reduction to the fair value of our assets; the performance and financial viability of key suppliers, contractors, customers, and financing sources; economic, industry, business and political conditions including their effects on governmental policy and government actions that disrupt our supply chain or sales channels; fluctuations in interest rates; the market price for our equipment; collective bargaining agreements and our relationship with our union-represented employees; our success in identifying acquisition targets and integrating acquisitions; our success in expanding into and doing business in additional markets; our ability to raise capital at favorable terms; the competitive environment for our products and services; our ability to continue to innovate and develop new business lines; our ability to attract and retain key personnel, including, but not limited to, skilled technicians; our ability to maintain our listing on the New York Stock Exchange; the impact of cyber or other security threats or other disruptions to our businesses; our ability to realize the anticipated benefits of acquisitions or divestitures, rental fleet and other organic investments or internal reorganizations; federal, state, and local government budget uncertainty, especially as it relates to infrastructure projects and taxation; currency risks and other risks associated with international operations; and other risks and uncertainties indicated from time to time in the section entitled “Risk Factors” in Alta’s annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission. Alta cautions that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Alta does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.About Alta Equipment Group Inc. Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through our branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment and allied products. Alta has operated as an equipment dealership for 40 years and has developed a branch network that includes over 85 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada and Florida and the Canadian provinces of Ontario and Quebec. Alta offers its customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio.ContactsInvestors:Kevin IndaSCR Partners, LLC kevin@scr-ir.com (225) 772-0254Media:Glenn MooreAlta Equipment glenn.moore@altg.com (248) 305-2134 Source: Alta Equipment Group2024 GlobeNewswire, Inc., source Press Releases
- 05/20/2024
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Alta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien Notes
- LIVONIA, Mich., May 20, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of its senior secured second lien notes due 2029 in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed by all of the Company's domestic subsidiaries and will be secured by a second lien on substantially all of the assets of the Company and its domestic subsidiaries. Concurrent with the closing of the offering, the Company expects to amend and extend its existing $485 million senior secured asset-based revolving credit facility due 2026 (the “Existing ABL Facility”) and $70 million floor plan facility due 2026 (the “Existing Floor Plan Facility”) with a $520 million senior secured asset-based revolving credit facility due 2029 (the “New ABL Facility”) and a $90 million floor plan facility due 2029 (together with the New ABL Facility, the “First Lien Facilities”). The First Lien Facilities will be secured by a first-priority lien on the same assets securing the notes. The Company intends to use the net proceeds from the offering, together with the proceeds of new borrowings under the First Lien Facilities, (i) to refinance a portion of the Existing ABL Facility and the Existing Floor Plan Facility prior to the amendments thereto, pay accrued and unpaid interest thereon, and pay related fees and expenses thereto, (ii) to redeem all of its outstanding 5.625% Senior Secured Second Lien Notes due 2026 (the “Existing Notes”), pay the premium, accrued and unpaid interest thereon, and pay related fees and expenses thereto, and (iii) for general corporate purposes to the extent there are any remaining proceeds. The offering and related refinancing is expected to be leverage neutral for the Company.
- 05/20/2024
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Alta Equipment Group Inc. (ALTG) Q1 2024 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Jason Dammeyer - IR Ryan Greenawalt - Chairman and CEO Tony Colucci - CFO Conference Call Participants Matt Summerville - D.A. Davidson Kathryn Thompson - Thompson Research Group Alex Rygiel - B.
- 05/11/2024
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Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.01 per share a year ago.
- 05/08/2024
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Alta Equipment Group Announces First Quarter 2024 Financial Results
- First Quarter Financial Highlights: Total revenues increased $20.9 million year over year to $441.6 million Construction and Material Handling revenues of $255.6 million and $174.3 million, respectively Product support revenues increased 6.5% year over year with Parts sales increasing to $72.9 million and Service revenues increasing to $64.0 million New and used equipment sales grew 4.1% year over year to $228.6 million Net loss available to common stockholders of $(12.7) million Basic and diluted net loss per share of $(0.38) Adjusted basic and diluted net loss per share* of $(0.22) Adjusted EBITDA* of $34.1 million LIVONIA, Mich., May 08, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the first quarter ended March 31, 2024.
- 05/08/2024
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Alta Equipment Group Announces Common Stock Dividend
- LIVONIA, Mich., May 02, 2024 (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 that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is May 31, 2024, to shareholders of record at the close of business on May 15, 2024.
- 05/02/2024
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Alta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., April 24, 2024 (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 that it will report its financial results for the first quarter ended March 31, 2024, after the U.S. markets close on Wednesday, May 8, 2024. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com .
- 04/24/2024
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Alta Equipment Group Announces Board Refreshment
- LIVONIA, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- On April 8, 2024, the Board of Directors (the “Board”) of 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, approved the appointment of Katherine White as the Chair of the Nominating and Governance Committee and Sidhartha Nair, who recently joined the Board effective February 22, 2024, as the Chair of the Compensation Committee, effective immediately.
- 04/12/2024
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5 Broker-Favored Stocks to Watch as Inflation Woes Resurface
- We believe that stocks like General Motors (GM), CVR Energy (CVI), Alaska Air (ALK), Alta Equipment (ALTG) and Bread Financial (BFH) should be on an investor's watchlist.
- 04/12/2024
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Alta Equipment Group Announces Preferred Stock Dividend
- LIVONIA, Mich., April 03, 2024 (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 that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is April 30, 2024, to shareholders of record at the close of business on April 15, 2024.
- 04/03/2024
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How Alta Equipment (ALTG) Stock Stands Out in a Strong Industry
- Alta Equipment (ALTG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 04/01/2024
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5 Broker-Loved Stocks That Hold Promise Despite Volatility
- We believe that stocks like General Motors (GM), Cardinal Health (CAH), Cencora (COR), Alta Equipment (ALTG) and Asbury (ABG) should be on an investor's watchlist.
- 03/27/2024
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Alta Equipment (ALTG) Moves 5.4% Higher: Will This Strength Last?
- Alta Equipment (ALTG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 03/21/2024
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Alta Equipment Group Inc. (ALTG) Q4 2023 Earnings Call Transcript
- Alta Equipment Group Inc. (ALTG) Q4 2023 Earnings Call Transcript
- 03/14/2024
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Alta Equipment (ALTG) Reports Q4 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.05 per share a year ago.
- 03/14/2024
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Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024
- Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 21.7% year over year to $521.5 million Construction and Material Handling revenues of $328.1 million and $179.0 million, respectively Product support revenues increased 14.2% year over year with Parts sales increasing to $69.1 million and Service revenues increasing to $60.8 million New and used equipment sales grew 25.1% to $298.1 million Net loss available to common stockholders of $(2.7) million compared to $(1.5) million in 2022 Basic and diluted net loss per share of $(0.08) compared to $(0.05) in 2022 Adjusted basic and diluted net income per share* of $0.03 for 2023 compared to $0.10 for 2022 Adjusted EBITDA* grew 16.4% to $49.7 million compared to $42.7 million in 2022 Completed acquisitions of Burris Equipment Company and Ault Industries Inc. 2023 Full Year Financial Highlights: (comparisons are year over year) Total revenues increased $305.0 million year over year to $1,876.8 million Construction and Material Handling revenues of $1,124.7 million and $681.5 million, respectively Master Distribution with revenues of $83.8 million Product Support revenues increased 17.7% year over year with Parts sales increasing to $278.3 million and Service revenues increasing to $241.3 million New and used equipment sales grew 25.5% to $1,025.9 million Net income available to common stockholders of $5.9 million compared to $6.3 million in 2022 Basic and diluted net income per share of $0.18 compared to $0.20 in 2022 Adjusted basic and diluted net income per share* of $0.69 and $0.68, respectively, compared to $0.58 for both in 2022 Adjusted EBITDA* grew 21.1% to $191.4 million, exceeding guidance midpoint, compared to $158.1 million in 2022 LIVONIA, Mich., March 14, 2024 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the fourth quarter and full year ended December 31, 2023.
- 03/14/2024
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Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2023 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., Feb. 29, 2024 (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 that it will report its financial results for the fourth quarter and year ended December 31, 2023, after the U.S. markets close on Thursday, March 14, 2024. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com .
- 02/29/2024
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Alta Equipment Group Appoints Sidhartha Nair as Director
- LIVONIA, Mich., Feb. 26, 2024 (GLOBE NEWSWIRE) -- On February 22, 2024, 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, increased the size of the Board of Directors (the “Board”) from five to six directors and subsequently appointed Sidhartha Nair to the Board, effective immediately.
- 02/26/2024
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Alta Equipment (ALTG) Surges 6.7%: Is This an Indication of Further Gains?
- Alta Equipment (ALTG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 02/09/2024
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Alta Equipment Group Announces Common Stock Dividend
- LIVONIA, Mich., Feb. 02, 2024 (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 that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is February 29, 2024, to shareholders of record at the close of business on February 15, 2024.
- 02/02/2024
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Alta Equipment Group Appoints Jeff Hoover as Chief Legal Officer and General Counsel
- LIVONIA, Mich., Jan. 22, 2024 (GLOBE NEWSWIRE) -- On January 18, 2024, 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, appointed Jeff Hoover as Chief Legal Officer and General Counsel effective immediately.
- 01/22/2024
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Alta Equipment Group Announces Preferred Stock Dividend
- LIVONIA, Mich., Jan. 03, 2024 (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 that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is January 31, 2024, to shareholders of record at the close of business on January 15, 2024.
- 01/03/2024
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Alta Equipment Group Inc (ALTG) Q3 2023 Earnings Call Transcript
- Alta Equipment Group Inc (NYSE:ALTG ) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Jason Dammeyer - Investor Relations Ryan Greenawalt - Chairman and Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Matt Summerville - D.A.
- 11/11/2023
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Alta Equipment Group Announces Date of Third Quarter 2023 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., Oct. 25, 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 that it will report its financial results for the third quarter ended September 30, 2023, after the U.S. markets close on Wednesday, November 8, 2023. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
- 10/25/2023
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Alta Equipment Group Inc. (ALTG) Q2 2023 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Jason Dammeyer – Director, SEC Reporting and Technical Accounting Ryan Greenawalt - Chairman and Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Alex Rygiel - B.
- 08/10/2023
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5 Small Hidden Gems to Buy to Tap Wall Street Rally
- We have narrowed our search to five small-cap stocks. These are: ALTG, BSVN, GLAD, MFIN, PFBC.
- 08/01/2023
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Alta Equipment Group Announces Date of Second Quarter 2023 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., July 28, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the second quarter ended June 30, 2023, after the U.S. markets close on Wednesday, August 9, 2023. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
- 07/28/2023
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Massive Upside Forecasted In Alta Equipment Group
- Only sometimes do investors get the opportunity to consider cyclically favorable sectors and, even harder still, to successfully pick a stock within the sector that is set to outperform its peers and the broader market. Today, the American economy has given markets a new set of flashing lights that can point individual investors - and more prominent asset managers - into directional investment decisions.
- 07/11/2023
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Alta Equipment Group Inc. (ALTG) Q1 2023 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Jason Dammeyer - Director-SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Will Jellison - DA Davidson Alex Rygiel - B. Riley Ted Jackson - Northland Securities Bryan Fast - Raymond James Operator Good afternoon, and thank you for attending today's Alta Equipment Group First Quarter 2023 Earnings Conference Call.
- 05/12/2023
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Alta Equipment (ALTG) Q1 Earnings and Revenues Top Estimates
- Alta Equipment (ALTG) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.12 per share. This compares to loss of $0.02 per share a year ago.
- 05/10/2023
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Alta Equipment Group Announces Date of First Quarter 2023 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., April 26, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2023, after the U.S. markets close on Wednesday, May 10, 2023. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
- 04/26/2023
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Alta Equipment Group Inc. (ALTG) Q4 2022 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q4 2022 Earnings Conference Call March 9, 2023 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman and CEO Tony Colucci - CFO Conference Call Participants Alex Rygiel - B. Riley Will Jellison - DA Davidson Ted Jackson - Northland Securities Bryan Fast - Raymond James Operator Good afternoon, and thank you for attending the Alta Equipment Group Fourth Quarter and Full Year 2022 Earnings Conference Call.
- 03/09/2023
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Alta Equipment (ALTG) Reports Q4 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) delivered earnings and revenue surprises of -225% and 5.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 03/09/2023
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Will Alta Equipment (ALTG) Beat Estimates Again in Its Next Earnings Report?
- Alta Equipment (ALTG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 02/27/2023
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Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2022 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the fourth quarter and year ended December 31, 2022, after the U.S. markets close on Thursday, March 9, 2023. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com.
- 02/23/2023
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Alta Equipment Group Inc. (ALTG) Q3 2022 Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Matt Summerville - DA Davidson Alex Rygiel - B. Riley Ted Jackson - Northland Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group Third Quarter 2022 Earnings Conference Call.
- 11/11/2022
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Alta Equipment (ALTG) Q3 Earnings and Revenues Surpass Estimates
- Alta Equipment (ALTG) delivered earnings and revenue surprises of 16.67% and 5.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/09/2022
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Alta Equipment Group Announces Date of Third Quarter 2022 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich.
- 10/26/2022
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Alta Equipment: Multiple Tailwinds
- In the short term, supply chain constraints have eased, and this gave ALTG the confidence to raise its full-year EBITDA guidance. In the intermediate to long term, there is potential for Alta Equipment to expand its presence in foreign markets and do more acquisitions.
- 09/26/2022
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Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q2 2022 Results - Earnings Call Transcript
- Alta Equipment Group Inc. (NYSE:ALTG ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Bryan Fast - Raymond James Matt Summerville - D.A.
- 08/12/2022
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Alta Equipment (ALTG) Surpasses Q2 Earnings and Revenue Estimates
- Alta Equipment (ALTG) delivered earnings and revenue surprises of 320% and 15.94%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/09/2022
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Alta Equipment Group Announces Date of Second Quarter 2022 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Announces Date of Second Quarter 2022 Financial Results Release, Conference Call and Webcast
- 07/26/2022
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Alta Equipment Group: Potential Synergistic Opportunities, B. Riley Keeps Accumulating
- 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.
- 07/07/2022
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Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q1 2022 Results - Earnings Call Transcript
- 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 - Chief Financial Officer Conference Call Participants Will Jellison - D.A. Davidson Alex Rygiel - B.
- 05/10/2022
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Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates
- 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?
- 05/10/2022
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Alta Equipment Group Announces Date of First Quarter 2022 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Announces Date of First Quarter 2022 Financial Results Release, Conference Call and Webcast
- 05/03/2022
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Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q4 2021 Results - Earnings Call Transcript
- Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q4 2021 Results - Earnings Call Transcript
- 03/31/2022
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Alta Equipment Group Reschedules Fourth Quarter and Full Year 2021 Financial Results Release, Conference Call and Webcast
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”) (“the Company”), a leading provider of premium material handling and construction equipment and related services, today announced it will reschedule its fourth quarter and full year 2021 earnings release and conference call previously scheduled for Wednesday, March 16, 2022, to Thursday, March 31, 2022. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at
- 03/10/2022
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4 Industrial Manufacturing Stocks to Buy Amid Industry Challenges
- The Zacks Manufacturing - General Industrial industry witnesses pandemic-led supply-side challenges, inflationary pressures and shortage of skilled workers. Healthy product orders are a boon.
- 01/24/2022
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Alta Acquires Ambrose Equipment For Undisclosed Sum
- Alta Equipment Group Inc (NYSE: ALTG) has agreed to acquire the assets of family-owned Ambrose Equipment, LLC., expanding its construction equipment footprint to 39 locations in 10 states.
- 12/15/2021
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Alta Equipment Acquires Midwest Mine Services For Undisclosed Sum
- Alta Equipment Group Inc. (NYSE: ALTG) agreed to acquire Midwest Mine Services LLC, a privately held company based in Toledo, Ohio. Deal terms were not disclosed.
- 11/18/2021
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B. Riley Bumps Up Alta Equipment Price Target By 10%
- B. Riley analyst Alex Rygiel raised the price target on Alta Equipment Group Inc (NYSE:ALTG) to $21 (an upside of 24%) from $19 and reiterated a Buy rating on the shares post the Q3 results. Rygiel says Alta's rental utilization and higher-margin parts and service segments continue to be positively impacted by current supply chain disruptions which are impacting new equipment supply.
- 11/12/2021
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Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q3 2021 Results - Earnings Call Transcript
- Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q3 2021 Results - Earnings Call Transcript
- 11/11/2021
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Alta Equipment (ALTG) Reports Next Week: Wall Street Expects Earnings Growth
- Alta Equipment (ALTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/04/2021
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Alta Equipment Group Announces Date of Third Quarter 2021 Financial Results Release, Conference Call and Webcast
- 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 it will release its financial results for the third quarter ended September 30, 2021 after the U.S. markets close on Thursday, November 11, 2021. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and an
- 10/26/2021
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Alta Equipment Group Announces Preferred Stock Dividend
- 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 Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of S
- 10/04/2021
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Alta Equipment Group to Participate in Upcoming DA Davidson 20th Annual Diversified Industrials & Services Conference
- 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 Ryan Greenawalt, Chief Executive Officer, and Tony Colucci, Chief Financial Officer, are scheduled to participate in virtual investor meetings and participate in a fireside chat at the DA Davidson 20th Annual Diversified Industrials & Services Conference on Wednesday, September 22, 2021 at 9:30
- 09/15/2021
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Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q2 2021 Results - Earnings Call Transcript
- Alta Equipment Group Inc.'s (ALTG) CEO Ryan Greenawalt on Q2 2021 Results - Earnings Call Transcript
- 08/14/2021
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Alta Equipment (ALTG) Reports Q2 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) delivered earnings and revenue surprises of -83.33% and 8.77%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/12/2021
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Is a Surprise Coming for Alta Equipment (ALTG) This Earnings Season?
- Alta Equipment (ALTG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 08/11/2021
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Alta Equipment Inks Dealer Agreement With Nikola
- Alta Equipment Group Inc (NYSE: ALTG) has entered into a dealer agreement with Nikola Corporation (NASDAQ: NKLA) to sell and service Nikola's medium and long-haul Class 8 EV/FCEV trucks in the NY, NJ, eastern PA, and New England markets. The financial terms of the agreement were not disclosed.
- 08/10/2021
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Alta Equipment (ALTG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
- Alta Equipment (ALTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/05/2021
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Alta Equipment Group Announces Preferred Stock Dividend
- 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 Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of S
- 07/02/2021
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Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q1 2021 Results - Earnings Call Transcript
- Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q1 2021 Results - Earnings Call Transcript
- 05/15/2021
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Alta Equipment (ALTG) Reports Q1 Loss, Tops Revenue Estimates
- Alta Equipment (ALTG) delivered earnings and revenue surprises of -46.15% and 9.49%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/13/2021
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Will Alta Equipment (ALTG) Report Negative Earnings Next Week? What You Should Know
- Alta Equipment (ALTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/06/2021
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New Strong Sell Stocks for April 16th
- VNET, ALTG, FPI, HALL, and INVO have been added to the Zacks Rank #5 (Strong Sell) List on April 16, 2021
- 04/16/2021
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Mesirow Financial Investment Management, Inc..
- Investment company Mesirow Financial Investment Management, Inc. (Current Portfolio) buys Duluth Holdings Inc, OneWater Marine Inc, Civista Bancshares Inc, Zynex Inc, Summit Hotel Properties Inc, sells Mohawk Group Holdings Inc, CareCloud Inc, Cohu Inc, Vericel Corp, CareDx Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Mesirow Financial Investment Management, Inc.. As of 2021Q1, Mesirow Financial Investment Management, Inc. owns 131 stocks with a total value of $36 million.
- 04/14/2021
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Alta Equipment Group Announces Preferred Stock Dividend
- 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 first dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $888.89 per preferred share. The dividend payment date is April 30, 2021, to shareholders of record at the close of business on April 15, 2021. About Alta Equipment Group Alta ow
- 04/09/2021
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Alta Equipment Group Announces Pricing of Upsized Private Offering of $315 Million of Senior Secured Second Lien Notes due 2026
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), announced today that it has priced $315 million in aggregate principal amount of its 5.625% senior secured second lien notes due 2026 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). This represents an increase of $15 million from the previously announced offering of $300 million
- 03/24/2021
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Alta Equipment Group Announces Proposed Private Offering of $300 Million of Senior Secured Second Lien Notes
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), today announced that it intends to offer, subject to market and other conditions, $300 million in aggregate principal amount of its senior secured second lien notes due 2026 in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be guaranteed by all of the Company's subsidiaries and w
- 03/23/2021
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Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q4 2020 Results - Earnings Call Transcript
- Alta Equipment Group Inc. (ALTG) CEO Ryan Greenawalt on Q4 2020 Results - Earnings Call Transcript
- 03/18/2021
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Alta Equipment: Growth At A Reasonable Price
- Alta Equipment has the potential to improve its profitability in the future, as the revenue contribution from high-margin parts sales and service sales increases over time. M&A is another key growth driver for Alta Equipment, with the company having done seven acquisitions in 2020 at a reasonable average valuation of 4.4 times EV/EBITDA.
- 03/04/2021
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Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2020 Financial Results Release, Conference Call and Webcast
- 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 it will report its financial results for the fourth quarter and full year ended December 31, 2020 after the U.S. markets close on Thursday, March 18, 2021. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to disc
- 03/03/2021
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Alta Equipment Group Inc. Closes Offering of Series A Cumulative Perpetual Preferred Stock
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “company”), a leading provider of premium industrial and construction equipment and related services, today announced the closing of its previously announced underwritten registered public offering of 1,190,000 depository shares (plus an additional 10,000 depository shares issued and sold pursuant to the exercise of the underwriters' over-allotment option in full) at an initial public offering price of $25 pe
- 12/22/2020
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Alta Equipment Group to Acquire Construction Dealership Assets from Vantage Equipment, LLC
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”) today announced that it has entered into a definitive agreement with Vantage Equipment, LLC (“Vantage”), a privately held construction equipment dealer operating three branches across New York State in Batavia, Syracuse and Albany, to acquire Vantage's construction dealerships in an asset sale. Since its founding in 2004, Vantage Equipment has offered a wide selection of high-quality products servi
- 12/18/2020
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Alta Equipment Group Inc. Prices $30 Million Offering of Series A Cumulative Perpetual Preferred Stock
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “company”), a leading provider of premium industrial and construction equipment and related services, today announced the pricing of its underwritten registered public offering of 1,190,000 depository shares at an initial public offering price of $25 per share, raising gross proceeds of $29,750,000 before deducting underwriting discounts, the structuring fee and other estimated offering expenses. Each deposit
- 12/18/2020
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Alta Equipment Group Inc. Files S-1/A Registration Statement for Proposed Offering of Series A Perpetual Preferred Stock
- LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”), a leading provider of premium industrial and construction equipment and related services, today announced it has filed a registration statement on Form S-1/A with the U.S. Securities and Exchange Commission relating to the proposed public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company's Series A Cumulative Perpetual Preferred Stock, with a l
- 12/16/2020
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Alta Equipment Group Inc. 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Alta Equipment Group Inc. in conjunction with their 2020 Q2 earnings call..
- 08/14/2020
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Alta Equipment Group Inc. Reports Second Quarter 2020 Financial Results
- 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 second quarter and six months ended June 30, 2020.
- 08/13/2020
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Were Hedge Funds Right About Piling Into Alta Equipment Group Inc. (ALTG)?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 08/03/2020
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Alta Equipment Group (ALTG) Receives a Buy from B.Riley FBR - Markets
- B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Alta Equipment Group (ALTG – Research Report) today and set
- 08/03/2020
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Alta Equipment Group to Acquire Martin Implement Sales, Inc.
- Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire Martin Implement Sales, Inc., a privately held premium equipment distributor with three branches in the Chicago metro area.
- 07/31/2020
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Alta Equipment Group to Participate in Upcoming Jefferies Virtual Industrials Conference
- Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium industrial and construction equipment and related services, today announced that Ryan Greenawalt, Chief Executive Officer, and Tony Colucci, Chief Financial Officer, are scheduled to participate in virtual investor meetings and a fireside chat at the Jefferies Virtual Industrials Conference on Thursday, August 6, 2020 at 11:30 a.m. Eastern Time.
- 07/29/2020
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Alta Equipment Group Announces Date of Second Quarter 2020 Financial Results Release, Conference Call and Webcast
- Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium industrial and construction equipment and related services, today announced that it will report its financial results for the quarter ended June 30, 2020 after the U.S. markets close on Thursday, August 13, 2020. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the company's website, www.altaequipment.com.
- 07/28/2020
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Alta Equipment Group Joins Russell 2000®, Russell 3000®, and Russell Microcap® Indexes
- Alta Equipment Group Inc. (NYSE: ALTG), a leading provider of premium industrial and construction equipment and related services, today announced that as part of the annual reconstitution of the Russell stock indexes, Alta has joined the Russell 2000® Index, the broad-market Russell 3000® Index, and the Russell Microcap® Index, effective after the US market opened yesterday, June 29.
- 06/30/2020
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Hedge Funds Getting Bullish On Alta Equipment Group Inc. (ALTG)
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
- 06/22/2020
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Alta Equipment Group to Acquire Hilo Equipment & Services
- Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire Hilo Equipment & Services, a privately held distributor of material handling equipment with three branches in the New York City metro area. Hilo sells new and used material handling equipment, partnering with industry leading manufacturers including Hyster-Yale Group Inc., Kelley and JLG, and offers repairs and maintenance with an award-winning service team. Hilo generated approximately $50 million in revenue and had Adjusted EBITDA of approximately $3.0 million in FY2019.
- 06/18/2020
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Alta Equipment Group Acquires PeakLogix, a Material Handling Solutions Provider and Systems Innovator
- Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire PeakLogix, a national material handling systems integrator located in Midlothian, Virginia. PeakLogix specializes in the design and installation of warehouse automation and storage systems and is recognized for designing customer solutions using the latest equipment and technology advancements to deliver process improvement and automation to its customers. PeakLogix generated approximately $25 million in revenue and $2 million in operating income in FY2019.
- 06/02/2020
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Did Alta Equipment Group Inc. (NYSE:ALTG) Insiders Buy Up More Shares?
- We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- 05/24/2020
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Alta Equipment Group Inc. Reports First Quarter 2020 Financial Results
- 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.
- 05/14/2020
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Alta Equipment Group Announces Date of First Quarter 2020 Financial Results Release, Conference Call and Webcast
- Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium industrial and construction equipment and related services, today announced that it will report its financial results for the quarter ended March 31, 2020 after the U.S. markets close on Thursday, May 14, 2020. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the company's website, www.altaequipment.com.
- 05/11/2020
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Alta Equipment Group Reports Full Year 2019 Financial Results
- 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, Alta Equipment Holdings, Inc., and B. Riley Principal Merger Corp., a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. The business combination provided net proceeds to Alta of $538 million, through a combination of equity and debt financings, which Alta intends to use to fund its operations.
- 03/25/2020
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Analysts Offer Insights on Financial Companies: Alta Equipment Group (ALTG) and Altisource Portfolio Solutions SA (ASPS)
- There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Alta Equipment Group (ALTG) and Altisource Portfolio
- 03/24/2020
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Analysts Offer Insights on Financial Companies: Alta Equipment Group (NYSE: ALTG) and Altisource Portfolio Solutions SA (NASDAQ: ASPS)
- There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Alta Equipment
- 03/24/2020
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Alta Equipment Group Announces Date of Full Year 2019 Financial Results Release, Conference Call and Webcast
- Alta Equipment Group Inc. (NYSE: ALTG) ("Alta"), a leading provider of premium industrial and construction equipment and related services, today announced that it will report its financial results for the full year ended December 31, 2019 after the U.S. markets close on Wednesday, March 25, 2020. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the company's website, www.altaequipment.com.
- 03/18/2020
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B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact PGTI;TGLS;BLDR;BMCH;TPH;LEGH;RCMT;PWR;ALTG
- B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact B. Riley FBR PGTI TGLS BLDR BMCH TPH LEGH RCMT PWR ALTG
- 03/17/2020
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Alta Equipment Group Inc. Announces Stock Repurchase Program
- Alta Equipment Group Inc. (NYSE: ALTG) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $10 million of the currently outstanding shares of the Company’s common stock through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.
- 03/04/2020
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Wall Street Analysts Are Bullish on Top Financial Picks
- There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Health Insurance Innovations (HIIQ) and Alta Equipment Group
- 03/04/2020
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Wall Street Analysts Are Bullish on Top Financial Picks
- There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Health Insurance
- 03/04/2020
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Equities Research Analysts' Updated EPS Estimates for February, 19th (ACC, ADSK, ALTG, AWK, AYR, CCL, CEVA, COLL, CTXS, DHI)
- Equities Research Analysts’ updated eps estimates for Wednesday, February 19th: American Campus Communities (NYSE:ACC) had its hold rating reaffirmed by analysts at Evercore ISI. The firm currently has a $49.00 price target on the stock. Autodesk (NASDAQ:ADSK) had its outperform rating reissued by analysts at Robert W. Baird. The firm currently has a $250.00 target […]
- 02/19/2020
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