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Alta Equipment Group (ALTG)
NYSE:ALTG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.55Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -9.61%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Alta Equipment Group maintained revenue stability for the full year despite a challenging fourth quarter. Successful debt refinancing and cost optimization initiatives are positive steps. However, declines in equipment sales and weak margins present ongoing challenges.Company Guidance
During the Alta Equipment Group's earnings call for the fourth quarter and full year 2024, the company provided a comprehensive overview of their financial performance and strategic outlook. Total revenue for 2024 remained steady at approximately $1.9 billion, despite a 4.5% year-over-year decline in Q4 revenue to $498.1 million, attributed to broader market trends and higher interest rates. Adjusted EBITDA for the year was $168.3 million, reflecting disciplined cost management. The company addressed a 2026 maturity wall by raising $500 million in senior second lien bonds, extending debt maturities to 2029, thereby enhancing liquidity. Alta's construction equipment segment saw a 10.2% organic decline in sales, while product support revenues increased by 3.7%. In the material handling segment, revenue remained stable at $687.4 million, with a 0.9% increase from 2023. For 2025, Alta provided guidance for adjusted EBITDA in the range of $175 million to $190 million, focusing on operational efficiency and strategic growth. The company also highlighted its "rent-to-sell" business model's flexibility, which allowed for a $45 million fleet reduction, contributing to a $61 million debt paydown in the second half of 2024.Revenue Stability
For the full year 2024, total revenue held steady at approximately $1.9 billion, demonstrating the resilience of Alta Equipment Group's dealership model and strong product support business.
Successful Debt Refinancing
Alta Equipment Group successfully raised $500 million in senior second lien bonds, refinancing senior debt and extending maturities to 2029, which strengthened the balance sheet and enhanced liquidity.
Cost Optimization
Implemented cost optimization initiatives yielded approximately $8 million in annual savings, contributing to improved financial stability.
Product Support Revenue Growth
Organic product support revenues increased 3.7% year-over-year, driven by stronger service rate utilization.
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ALTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $5.10 | $5.05 | -0.98% |
| Nov 12, 2024 | $7.87 | $7.85 | -0.25% |
| Aug 07, 2024 | $7.98 | $6.25 | -21.68% |
| May 08, 2024 | $11.22 | $9.50 | -15.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alta Equipment Group (ALTG) report earnings?
Alta Equipment Group (ALTG) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Alta Equipment Group (ALTG) earnings time?
Alta Equipment Group (ALTG) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTG EPS forecast?
ALTG EPS forecast for the fiscal quarter 2025 (Q1) is -0.55.
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