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…
Earnings analysis · 10-Q
ALTG earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.62
- Gross margin
- 26.6%
- Segment
- Material Handling
- Segment
- Construction Equipment
- Segment
- Master Distribution
What stood out
-
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.
What to watch
-
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.
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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.
Management's outlook
Adjusted EBITDA is expected between $167.5 million and $182.5 million for FY 2026.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.