Alta Equipment Group Inc Stock News

LIVONIA, Mich., Feb. 03, 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 its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date i...

LIVONIA, Mich., Jan. 03, 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 its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per pre...

Alta Equipment Group operates a compelling business model as an exclusive regional distributor and rental equipment provider for several construction and material handling OEM's. The company's management appears capable, but may be wearing rose-colored glasses when projecting future prospects. An investment in Alta provides an opportunity for great returns, but not without significant uncertain...

Alta Equipment Group Inc. (NYSE:ALTG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Min ...

Third Quarter Financial Highlights: Total revenues decreased $17.4 million year over year to $448.8 million Construction Equipment and Material Handling revenues of $262.3 million and $168.9 million, respectively Product support revenues increased 7.8% year over year with Parts sales increasing to $75.6 million and Service revenues increasing to $64.6 million New and used equipment sales decrea...

LIVONIA, Mich., Nov. 07, 2024 (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 third quarter ended September 30, 2024, after the U.S. markets close on Tuesday, November 12...

LIVONIA, Mich., Nov. 04, 2024 (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 its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share.

Alta's earnings power is more durable than appears with Parts & Services segment driving high margin, recurring revenue growth. Despite appearing highly levered, Alta enjoys subsidized floor plan financing and is well capitalized to weather temporary headwinds. Alta's rental fleet flexibility reveals hidden asset value and significant cash generation potential in the coming quarters.