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Alta Equipment Group (ALTG)
NYSE:ALTG
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.27Last Year’s EPS
0.03Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2020
|% Change Since: -18.16%
|Next Earnings Date:Mar 25, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant challenges in the equipment sales and rental markets, particularly in the Construction Equipment segment. However, there were notable positives such as successful cost optimization, growth in high-margin product support, and advancements in the e-mobility segment. The expansion of the share buyback program reflects confidence in future performance, but immediate concerns about market conditions and competitive pressures remain.Company Guidance
In the Q3 2024 earnings call for Alta Equipment Group, several key metrics and guidance points were discussed. The company's revenue for the quarter was reported at $448.8 million, a decrease of $17.4 million from the previous year and $39.3 million sequentially. The Construction Equipment segment saw a significant drop in new and used equipment revenues by $44.5 million, or 29.5% on an organic basis, due to customers hesitating on capital investments. Despite these challenges, Alta's high-margin product support business showed resilience, with revenues increasing 7.8% to $140.2 million. The company also managed to reduce its debt by nearly $40 million during the quarter through strategic optimization of its rental fleet and working capital. Looking forward, Alta anticipates improved market conditions post-election and expects a normalization in equipment supply in 2025, supported by easing interest rates and favorable infrastructure spending. The company has adjusted its full-year 2024 adjusted EBITDA guidance to a range of $170 million to $175 million, citing ongoing market uncertainties but expressing optimism for a rebound in 2025.Successful Business Optimization Efforts
Alta Equipment Group successfully reduced general and administrative expenses and deleveraged by nearly $40 million in the third quarter, despite a challenging revenue quarter.
Growth in High-Margin Product Support Business
The high-margin product support business performed strongly with revenue increasing 7.8% to $140.2 million, demonstrating the resilience of the dealership model.
Progress in E-Mobility Segment
Alta delivered Nikola fuel cell EV trucks to DHL, marking advancement in their electrification strategy with a $20 million sales backlog expected to convert in the next 6 months.
Expansion of Share Buyback Program
Alta's Board of Directors expanded the share buyback program to $20 million, indicating confidence in the company's long-term value.
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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 |
|---|---|---|---|
| Nov 12, 2024 | $7.93 | $7.91 | -0.25% |
| Aug 07, 2024 | $8.04 | $6.30 | -21.64% |
| May 08, 2024 | $11.31 | $9.57 | -15.38% |
| Mar 14, 2024 | $10.25 | $10.78 | +5.17% |
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 Mar 27, 2025, TBA Not Confirmed.
What is Alta Equipment Group (ALTG) earnings time?
Alta Equipment Group (ALTG) earnings time is at Mar 27, 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 2024 (Q4) is -0.27.
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