Latest news with #AltaEquipmentGroup
Yahoo
06-08-2025
- Business
- Yahoo
What To Expect From Alta's (ALTG) Q2 Earnings
Equipment distribution company Alta Equipment Group (NYSE:ALTG) will be reporting earnings this Thursday after the bell. Here's what to expect. Alta missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $423 million, down 4.2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. Is Alta a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Alta's revenue to decline 2% year on year to $478.3 million, a reversal from the 4.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.21 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has missed Wall Street's revenue estimates four times over the last two years. Looking at Alta's peers in the specialty equipment distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hudson Technologies's revenues decreased 3.2% year on year, beating analysts' expectations by 1.7%, and Custom Truck One Source reported revenues up 20.9%, topping estimates by 9.6%. Hudson Technologies traded up 12.9% following the results while Custom Truck One Source was also up 9%. Read our full analysis of Hudson Technologies's results here and Custom Truck One Source's results here. There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 2.1% on average over the last month. Alta is down 1.6% during the same time and is heading into earnings with an average analyst price target of $10.46 (compared to the current share price of $7.29). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
28-07-2025
- Business
- Yahoo
Alta Equipment Group Announces Date of Second Quarter 2025 Financial Results Release, Conference Call and Webcast
LIVONIA, Mich., July 28, 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 second quarter ended June 30, 2025, after the U.S. markets close on Thursday, August 7, 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, Conference Call Details:What: Alta Equipment Group Second Quarter 2025 Earnings Call and WebcastDate: Thursday, August 7, 2024Time: 5:00 p.m. Eastern TimeLive call: (833) 470-1428International: (404) 975-4839Live call access code: 407288Audio Replay: (866) 813-9403Replay access code: 638487Webcast: The audio replay will be archived through August 14, 2025. About Alta Equipment Group 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 41 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. More information can be found at Contacts Investors:Kevin Inda SCR Partners, LLCkevin@ (225) 772-0254 Media:Glenn MooreAlta Equipment 305-2134Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
ALTG Q1 Earnings Call: Portfolio Reshaping and Margin Focus Amid Revenue Decline
Equipment distribution company Alta Equipment Group (NYSE:ALTG) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 4.2% year on year to $423 million. Its non-GAAP loss of $0.50 per share was 2.9% below analysts' consensus estimates. Is now the time to buy ALTG? Find out in our full research report (it's free). Revenue: $423 million vs analyst estimates of $432.9 million (4.2% year-on-year decline, 2.3% miss) Adjusted EBITDA: $33.6 million vs analyst estimates of $31.13 million (7.9% margin, 8% beat) EBITDA guidance for the full year is $179 million at the midpoint, above analyst estimates of $176.2 million Operating Margin: 0.2%, in line with the same quarter last year Market Capitalization: $209.4 million Alta Equipment Group's first quarter results were shaped by operational shifts and portfolio adjustments across its business segments. CEO Ryan Greenawalt highlighted that while construction equipment activity showed typical seasonal softness in northern regions, infrastructure projects in the South, especially Florida, provided steady demand. The divestiture of the aerial equipment rental business in Illinois was cited as a strategic move to realign capital toward higher-return opportunities. In the Material Handling segment, new equipment sales lagged compared to last year's elevated levels, but management pointed to improved margins and a resilient product support business. CFO Anthony Colucci emphasized that gross margin gains in service, especially in the construction segment, and lower SG&A expenses helped offset revenue pressure, attributing this to ongoing efficiency initiatives and technician training efforts. Looking ahead, Alta Equipment Group's outlook rests on the stability of infrastructure-related demand and the expectation that margin improvements in service and disciplined expense management will continue. Management reaffirmed its full-year adjusted EBITDA guidance, underlining that product support margins and SG&A reductions remain central to its performance goals. Greenawalt cautioned that tariffs and macroeconomic uncertainty could affect both construction and material handling, especially if 90-day pause tariffs are reinstated. The company's capital allocation strategy has shifted, with the suspension of its dividend and an increased share buyback program designed to prioritize shareholder value. Colucci noted that the business is positioned to respond flexibly to market changes and sees potential for further portfolio optimization if opportunities arise. Management attributed the quarter's results to seasonal trends in construction, portfolio realignment, and improvements in service margins, while also noting the impact of macroeconomic headwinds and tariff-related uncertainties. Portfolio realignment through divestiture: Alta completed the sale of its aerial equipment rental business in Illinois, a segment deemed no longer aligned with long-term objectives due to competitive pressures and limited product support yield. Management views this as a step toward focusing capital on higher-return areas and enhancing structural clarity across its portfolio. Margin improvement in product support: Service gross margin increased significantly, particularly in the construction segment, driven by ongoing efforts to boost technician efficiency and reduce non-billable time. Management expects these operational gains to continue, supporting profitability despite lower equipment sales. Stable construction equipment demand: The construction segment saw typical seasonal softness in northern regions but stable demand in the South, underpinned by infrastructure projects funded by state and federal agencies. Management believes this infrastructure-driven demand will insulate the business from broader market volatility. Material Handling pipeline remains healthy: Although new equipment sales in Material Handling were down year-over-year, bookings remained solid, particularly in end markets like food and beverage, utilities, and medical. Management is encouraged by this pipeline, expecting a stronger back half of the year. Strategic capital allocation shift: The Board suspended the quarterly dividend in favor of an expanded share repurchase program, authorizing an additional $10 million and implementing a Rule 10b5-1 plan to increase execution flexibility. Management describes this as a value-driven response to the perceived disconnect between Alta's market valuation and intrinsic worth. Management expects infrastructure demand, continued margin gains, and disciplined capital deployment to guide performance, while tariff risks and macroeconomic factors remain key uncertainties. Infrastructure projects underpin outlook: Alta's forward guidance relies on ongoing investment in infrastructure, which management believes will continue to drive steady construction equipment demand and offset potential volatility in other sectors. Operational efficiency and cost discipline: The company is focused on sustaining gross margin gains in service through technician productivity initiatives and maintaining SG&A reductions achieved in the first quarter, which are expected to contribute meaningfully to adjusted EBITDA for the year. Tariff and demand risks: Management identified tariff policy as a significant risk factor, particularly for the Material Handling segment and Master Distribution business, noting that further increases or reinstatement of paused tariffs could pressure margins and customer demand. The outlook also assumes no significant demand reduction from a broader economic downturn. In upcoming quarters, the StockStory team will be watching (1) execution of operational efficiency initiatives in service and SG&A (2) the impact of infrastructure spending on equipment demand, particularly in the South; and (3) Alta's progress in redeploying capital from divestitures and buybacks. We will also monitor how tariff developments and macroeconomic trends affect both Material Handling and Master Distribution segments. Alta currently trades at a forward EV-to-EBITDA ratio of 1.1×. Should you double down or take your chips? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
1 Industrials Stock to Target This Week and 2 to Avoid
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 11.8% over the past six months. This drop was worse than the S&P 500's 2.2% loss. Only some companies are subject to these dynamics, however, and a handful of high-quality businesses can deliver earnings growth in any environment. On that note, here is one resilient industrials stock at the top of our wish list and two we're steering clear of. Market Cap: $162 million Founded in 1984, Alta Equipment Group (NYSE:ALTG) is a provider of industrial and construction equipment and services across the Midwest and Northeast United States. Why Should You Sell ALTG? 5.8% annual revenue growth over the last two years was slower than its industrials peers Negative free cash flow raises questions about the return timeline for its investments Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders Alta's stock price of $4.88 implies a valuation ratio of 0.9x forward EV-to-EBITDA. To fully understand why you should be careful with ALTG, check out our full research report (it's free). Market Cap: $894 million Pioneering the concept of online quoting and manufacturing for custom prototypes and low-volume production parts, Proto Labs (NYSE:PRLB) offers injection molding, 3D printing, and sheet metal fabrication for manufacturers in various industries. Why Should You Dump PRLB? Sales were flat over the last two years, indicating it's failed to expand this cycle Efficiency has decreased over the last five years as its operating margin fell by 7.3 percentage points Falling earnings per share over the last five years has some investors worried as stock prices ultimately follow EPS over the long term At $37.61 per share, Proto Labs trades at 25.5x forward P/E. Read our free research report to see why you should think twice about including PRLB in your portfolio, it's free. Market Cap: $82.04 billion Supplying parts for nearly all aircraft currently in service, TransDigm (NYSE:TDG) develops and manufactures components and systems for military and commercial aviation. Why Do We Love TDG? Existing business lines can expand without risky acquisitions as its organic revenue growth averaged 14.9% over the past two years Incremental sales over the last two years have been highly profitable as its earnings per share increased by 30.8% annually, topping its revenue gains Robust free cash flow margin of 19.7% gives it many options for capital deployment, and its recently improved profitability means it has even more resources to invest or distribute TransDigm is trading at $1,461 per share, or 36.4x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
Insiders Give Up US$33k As Alta Equipment Group Stock Drops To US$4.02
Insiders who bought US$89.2k worth of Alta Equipment Group Inc.'s (NYSE:ALTG) stock at an average buy price of US$6.37 over the last year may be disappointed by the recent 19% decrease in the stock. Insiders purchase with the hope of seeing their investments increase in value over time. However, due to recent losses, their initial investment is now only worth US$56.3k, which is not great. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Over the last year, we can see that the biggest insider purchase was by insider Andrew Studdert for US$56k worth of shares, at about US$5.65 per share. That means that even when the share price was higher than US$4.02 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Over the last year, we can see that insiders have bought 14.00k shares worth US$89k. But they sold 5.29k shares for US$26k. In the last twelve months there was more buying than selling by Alta Equipment Group insiders. The average buy price was around US$6.37. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Alta Equipment Group There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. The last three months saw some Alta Equipment Group insider selling. Chief Operating Officer Craig Brubaker only netted US$26k selling shares, in that period. Neither the lack of buying nor the presence of selling is heartening. But the selling simply isn't sufficiently substantial to be of much use as a signal. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 20% of Alta Equipment Group shares, worth about US$31m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. Our data shows a little more insider selling, but no insider buying, in the last three months. However, the sales are not big enough to concern us at all. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Alta Equipment Group and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 3 warning signs for Alta Equipment Group (1 is significant!) that we believe deserve your full attention. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
