Alta Equipment Group Inc.
- Open
- 6.49
- Day high
- 6.49
- Day low
- 6.26
- Prev close
- 6.47
- Volume
- 83K
- Mkt cap
- $205M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -7.2
- P/S
- 0.1
- Yield
- —
- Per share
- —
Alta Equipment Group Inc. (ALTG) is a Industrials company listed on NYSE. The stock is down 4% over the past year.
Alta Equipment Group Inc. (ALTG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ALTG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.59 | $-0.62 | -5.1% | $411M | -3.2% |
| Nov 6, 2025 | $-0.27 | $-1.31 | -385.2% | $423M | -13.7% |
| Aug 7, 2025 | $-0.27 | $-0.21 | +22.2% | $481M | +5.4% |
| May 7, 2025 | $-0.60 | $-0.65 | -8.3% | $423M | -3.0% |
| Mar 5, 2025 | $-0.31 | $-0.34 | -9.7% | $498M | +13.9% |
| Mar 14, 2024 | $-0.05 | $-0.08 | -60.0% | $522M | +7.8% |
| Mar 9, 2023 | $-0.02 | $-0.05 | -206.7% | $429M | +4.2% |
| Nov 9, 2022 | $0.11 | $0.14 | +27.3% | $405M | +6.8% |
| Mar 31, 2022 | $0.05 | $0.03 | -40.0% | $356M | +18.6% |
| Nov 11, 2021 | $-0.03 | $0.02 | +166.7% | $295M | -25.9% |
| Aug 12, 2021 | $-0.06 | $-0.11 | -83.3% | $293M | +7.7% |
| May 13, 2021 | $-0.13 | $-0.19 | -46.2% | $269M | +36.4% |
ALTG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 1, 2026 | Nair Sidharthadirector | Grant | 14,903 | — |
| Jun 1, 2026 | WILSON COLINdirector | Grant | 14,903 | — |
| Jun 1, 2026 | Shribman Danieldirector | Grant | 14,903 | — |
| Jun 1, 2026 | White Katherine Edirector | Grant | 14,903 | — |
| Jun 1, 2026 | STUDDERT ANDREW Pdirector | Grant | 14,903 | — |
| Mar 25, 2026 | Greenawalt Ryandirector, 10 percent owner, officer: Chief Executive Officer | Grant | 80,115 | — |
| Mar 25, 2026 | Hoover Jeffrey Alanofficer: Chief Legal Officer | Grant | 17,261 | — |
| Mar 25, 2026 | Colucci Anthonyofficer: Chief Financial Officer | Grant | 11,654 | — |
| Mar 16, 2026 | Nair Sidharthadirector | Buy | 1,000 | $7.13 |
| Mar 16, 2026 | Mill Road Capital III, L.P.10 percent owner | Buy | 58,162 | $6.10 |
| Mar 16, 2026 | Mill Road Capital III, L.P.10 percent owner | Buy | 3,798 | $5.95 |
| Mar 13, 2026 | Mill Road Capital III, L.P.10 percent owner | Buy | 18,040 | $6.36 |
| Mar 3, 2026 | Hoover Jeffrey Alanofficer: Chief Legal Officer | Grant | 15,692 | — |
| Mar 3, 2026 | Greenawalt Ryandirector, 10 percent owner, officer: Chief Executive Officer | Sell | 27,986 | $7.05 |
| Mar 3, 2026 | Greenawalt Ryandirector, 10 percent owner, officer: Chief Executive Officer | Grant | 115,837 | — |
Source: ALTG SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.
See the full ALTG insider & 13F page →Alta Equipment Group Inc. company profile
Overview
Alta Equipment Group Inc. (NASDAQ:ALTG) is an integrated equipment dealership company founded in 1984 and headquartered in Livonia, Michigan. The company went public in April 2019 and operates through a network of branches across the United States and Canada, serving as a distributor and service provider for specialized industrial equipment. Alta has grown significantly through strategic acquisitions, expanding from its Michigan roots to become a multi-regional equipment dealer with operations spanning construction, material handling, and environmental equipment sectors.
Business
Alta Equipment Group operates in the industrial equipment dealership industry, which serves as a critical intermediary between equipment manufacturers and end-users across various sectors. The company functions through two primary business segments that collectively generate nearly $1.9 billion in annual revenue. The Construction Equipment segment represents approximately 60% of total revenue and focuses on heavy machinery used in construction, infrastructure, and earthmoving projects. This segment sells, rents, and services equipment including excavators, bulldozers, cranes, paving equipment, and asphalt machinery. These machines are essential for road construction, building development, mining operations, and municipal infrastructure projects. The Material Handling segment accounts for roughly 35% of revenue and specializes in warehouse and logistics equipment. This includes forklifts, aerial work platforms (scissor lifts and boom lifts), and automated warehouse solutions. The segment serves manufacturing facilities, distribution centers, food and beverage operations, medical facilities, and retail operations that require equipment to move, store, and access materials efficiently. The remaining 5% of revenue comes from Master Distribution operations, primarily through the Ecoverse subsidiary, which distributes environmental and specialty equipment. This newer segment focuses on equipment for waste management, recycling, and environmental remediation projects. Beyond equipment sales, Alta provides comprehensive support services including parts distribution, maintenance and repair services, equipment rental, and increasingly, warehouse design and automation solutions. The company serves diverse end markets including construction contractors, manufacturers, food and beverage distributors, government entities, and logistics companies.
Competitive moat
Alta Equipment Group operates in a moderately defensible but fragmented industry where local relationships and service capabilities create meaningful competitive advantages. The company's primary moat stems from its comprehensive service network and long-term customer relationships built around equipment lifecycle support. The service and parts business provides the strongest defensive characteristics, as customers typically prefer working with their original equipment dealer for maintenance and repairs due to technician expertise, parts availability, and warranty considerations. This creates switching costs and recurring revenue streams that are difficult for competitors to disrupt. Alta's scale allows it to maintain larger parts inventories and employ specialized technicians across multiple equipment brands. Geographic market presence offers another layer of protection, as equipment dealers benefit from local relationships with contractors, fleet managers, and purchasing departments. Alta's branch network provides convenient access for customers requiring quick service or parts delivery, particularly important for equipment downtime situations that cost customers significantly. However, Alta's moat faces several challenges. The equipment dealership industry remains highly fragmented with numerous regional competitors, and manufacturers sometimes compete directly with dealers or establish competing dealer networks. Large national rental companies like United Rentals have significant scale advantages and can pressure pricing in rental markets. Additionally, some customers increasingly purchase equipment directly from manufacturers or through online channels, potentially bypassing traditional dealers. The company's recent expansion into warehouse automation and e-mobility represents attempts to strengthen its competitive position in higher-growth, higher-margin segments. However, these markets face different competitive dynamics with technology companies and specialized providers offering alternative solutions. Overall, Alta possesses a modest but meaningful moat primarily through its service capabilities and customer relationships, though this protection is not insurmountable and requires continuous investment to maintain.
Risks & safety
Alta Equipment Group presents significant financial risk with limited margin of safety based on current metrics and capital structure. **Leverage and Solvency Concerns:** - Debt-to-equity ratio of 15.4x indicates extremely high leverage - Total debt of approximately $1.4 billion against $77.6 million in shareholder equity - Cash position of only $13.4 million provides minimal liquidity buffer - Current ratio of 1.34x shows adequate short-term liquidity but tight working capital management **Profitability and Cash Flow:** - Negative net income of $62.1 million in 2024 and continuing losses in Q1 2025 - Free cash flow turned negative at -$13.5 million for 2024 after positive $21.4 million in Q4 - EBITDA of $159.5 million provides some debt service coverage but insufficient for current leverage levels **Valuation Metrics:** - Trading at negative P/E ratios due to losses - Price-to-book ratio of 2.78x appears reasonable but equity base is minimal - EV/EBITDA of approximately 8.8x seems reasonable for the industry but concerning given leverage **Other Considerations:** - Successfully refinanced debt in 2024, extending maturities - Management suspended dividend and initiated share buybacks, showing capital allocation discipline - Cyclical industry exposure adds volatility to cash flows - Asset-heavy business model provides some collateral value but equipment depreciation risk exists
Recent development
Over the past few years, Alta Equipment Group has pursued several strategic initiatives while navigating challenging market conditions. The company has focused heavily on operational optimization and capital allocation discipline in response to a difficult macroeconomic environment characterized by higher interest rates, oversupplied equipment markets, and reduced customer demand. A significant strategic pivot has been Alta's entry into the e-mobility market, establishing dealership relationships for electric commercial vehicles including partnerships with Harbinger for electric trucks and Nikola for fuel cell vehicles. The company successfully delivered Nikola fuel cell electric trucks to DHL and signed agreements for electric box truck deliveries, positioning itself for the anticipated transition to electrified commercial transportation. The company has also expanded its warehouse automation and design capabilities, recognizing the growing demand for automated material handling solutions. Management expects this market to triple by the end of the decade, representing a significant growth opportunity beyond traditional equipment sales. Portfolio rationalization has been another key focus, with Alta divesting non-core assets including its aerial equipment rental business in the Chicagoland market in Q1 2025. Management has indicated future divestitures will be "surgical" and focused on optimizing the business around core competencies. Financial discipline has been evident through the suspension of quarterly dividends and expansion of the share repurchase program to $30 million, with $10 million allocated to a systematic buyback plan. The company has also focused on debt reduction, paying down over $60 million in net debt during the second half of 2024 and successfully refinancing its capital structure with $500 million in senior second lien bonds. Operationally, Alta has emphasized margin improvement initiatives particularly in its parts and service operations, focusing on reducing non-billable time, improving technician efficiency, and optimizing work order management. These efforts have shown results with improving product support gross margins across segments.
ALTG company profile · for informational purposes only — not investment advice.
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