ALTG earnings analysis
What we found in ALTG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Alta Equipment Group reported a decrease in Q1 2026 revenues to $410.5 million, down 3% from the prior year, and a loss per share of -$0.62 which improved from the estimated -$0.49. Key factors included a 44.5% increase in rental equipment sales, but overall product support revenues remained stable despite challenging winter conditions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Q1 2026 revenues decreased by $12.5 million, or 3%, to $410.5 million compared to $423 million in Q1 2025.
- Improved EPS
- The diluted EPS for Q1 2026 was -$0.62, an improvement from the consensus estimate of -$0.49.
- Increased Rental Equipment Sales
- Rental equipment sales surged 44.5% to $30.2 million from $20.9 million in the prior year.
- Stable Parts Sales
- Parts sales slightly decreased by 1.1% to $71.2 million, showing minimal impact from market conditions.
- Lower Operating Cash Flow
- Operating cash flow provided $20.8 million in Q1 2026, recovering from a $17.5 million outflow a year earlier.
- Reduced Other Expenses
- Other expenses decreased by $3.4 million to $17.6 million, primarily due to lower interest expense.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Continued Revenue Pressure
- Total revenues fell by 3% YoY, reflecting continued softness in new and used equipment sales.
- Operating Losses
- The company reported a loss from operations amounting to -$5.7 million, compared to a gain of $0.8 million in Q1 2025.
- Decreased Gross Margins on Rentals
- Gross margins for rental equipment sales declined 650 basis points to 16.9% due to a higher mix of lower-margin asset dispositions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.62
- Gross margin
- 26.6%
- Segment
- Material Handling
- Segment
- Construction Equipment
- Segment
- Master Distribution
What they said about what is next.
Adjusted EBITDA is expected between $167.5 million and $182.5 million for FY 2026.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- Alta Equipment’s 2025 Form 10-K reiterates an integrated dealer strategy focused on exclusive OEM territories, growing field population to drive higher‑margin parts & service, and an acquisitive growth playbook (17…
- 10-Q · August 7, 2025
- Alta reported Q2 2025 revenue of $481.2 million, down modestly from $488.1 million in Q2 2024 but slightly ahead of consensus. Gross profit declined to $122.3 million (gross margin ~25.4%) while operating income…
- 10-Q · May 7, 2025
- Alta reported Q1 2025 revenue of $423.0M (down $18.6M vs Q1 2024) and a net loss of $20.9M (diluted EPS $(0.65)). Gross margin remained ~27.2% and operating income turned slightly positive at $0.8M (0.2% op margin), but…
- 10-Q · August 7, 2024
- Alta reported Q2 revenue of $488.1M, up $19.7M (+4.2%) versus Q2 2023, but profitability deteriorated: gross profit rose modestly to $132.0M while operating income fell to $10.3M and the company swung to a GAAP loss…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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