Alta Equipment Group (NYSE:ALTG) Announces Earnings Results

Key Points

• Alta Equipment Group reported an adjusted EPS loss of $0.04, beating the consensus estimate of a $0.21 loss, while quarterly revenue of $475.5 million fell short of the $488.7 million forecast.
• Operating performance improved sharply from the first quarter: adjusted EBITDA rose to $48.6 million from $28.1 million, the EBITDA margin reached 10.2%, and bookings increased 12.3% year over year, led by material handling demand.
• Management narrowed its 2026 adjusted EBITDA guidance to $167.5 million–$172.5 million from a prior upper end of $177.5 million, citing delivery timing and potential backlog slippage, while maintaining free-cash-flow guidance of $100 million–$110 million.

Alta Equipment Group (NYSE:ALTG - Get Free Report) announced its earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.17, FiscalAI reports. The business had revenue of $475.50 million for the quarter, compared to analysts' expectations of $488.71 million. Alta Equipment Group had a negative return on equity of 3,253.61% and a negative net margin of 4.33%.

Here are the key takeaways from Alta Equipment Group's conference call:

• Second-quarter results improved sharply sequentially: Revenue rose approximately $65 million from Q1 to $475.5 million, while adjusted EBITDA increased to $48.6 million from $28.1 million; EBITDA margin expanded to 10.2%.
• Demand indicators strengthened, particularly in material handling. First-half bookings in Alta’s markets increased 12.3% year over year, and material handling backlog reached approximately $143 million, providing visibility into second-half deliveries.
• Equipment margins and Ecoverse profitability recovered. New and used equipment gross margins rose to 15.3% as discounting moderated and used values improved, while Ecoverse adjusted EBITDA increased to $2.8 million as tariff-related pressures subsided.
• Capital efficiency continued to improve: Average assets declined 11% in material handling and 8% in construction, lifting trailing twelve-month EBITDA returns on assets to 16% and 11.4%, respectively; liquidity remained approximately $225 million with net leverage near 4.7x.
• Management narrowed the 2026 adjusted EBITDA guidance range to $167.5 million–$172.5 million from $167.5 million–$177.5 million, citing delivery timing and the possibility that some material handling backlog slips into 2027; it reaffirmed free cash flow before rent-to-sell decisioning of $100 million–$110 million.

Alta Equipment Group Trading Down 1.8%

Alta Equipment Group stock traded down $0.14 during trading on Thursday, reaching $7.34. The company had a trading volume of 324,068 shares, compared to its average volume of 142,934. The firm has a market capitalization of $238.94 million, a price-to-earnings ratio of -2.90 and a beta of 1.73. The firm's 50-day simple moving average is $6.68 and its 200 day simple moving average is $6.54. Alta Equipment Group has a 52 week low of $4.16 and a 52 week high of $8.88.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALTG. DA Davidson reaffirmed a "neutral" rating and set a $8.00 price target on shares of Alta Equipment Group in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Alta Equipment Group from a "hold" rating to a "sell" rating in a report on Saturday, June 13th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Alta Equipment Group in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alta Equipment Group presently has an average rating of "Hold" and an average price target of $8.75.

Institutional Trading of Alta Equipment Group

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in shares of Alta Equipment Group by 221.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,100 shares of the company's stock worth $28,000 after buying an additional 4,200 shares during the period. Royal Bank of Canada grew its stake in shares of Alta Equipment Group by 55.1% during the 4th quarter. Royal Bank of Canada now owns 6,153 shares of the company's stock valued at $28,000 after acquiring an additional 2,186 shares during the period. Quarry LP grew its stake in shares of Alta Equipment Group by 150.9% during the 4th quarter. Quarry LP now owns 6,676 shares of the company's stock valued at $31,000 after acquiring an additional 4,015 shares during the period. Raymond James Financial Inc. bought a new position in shares of Alta Equipment Group during the 2nd quarter valued at approximately $35,000. Finally, Engineers Gate Manager LP increased its holdings in Alta Equipment Group by 18.1% in the 4th quarter. Engineers Gate Manager LP now owns 14,940 shares of the company's stock worth $69,000 after acquiring an additional 2,289 shares in the last quarter. Institutional investors own 73.58% of the company's stock.

About Alta Equipment Group

Alta Equipment Group, Inc NYSE: ALTG is a North American distributor of material handling and logistics equipment. The company offers a broad lineup of forklifts, lift trucks, aerial work platforms, tow motors, pallet jacks and related attachments, serving manufacturing, warehousing, distribution and industrial facilities. Through its network of branch locations, Alta Equipment provides customers with new and used sales, short- and long-term rentals, and integrated fleet management solutions designed to support operational efficiency.

In addition to equipment sales, Alta Equipment supports customers with comprehensive after-sales services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source