Alta Equipment Group Announces Third Quarter 2024 Financial Results
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: GlobeNewswire
Third Quarter Financial Highlights: Total revenues decreased $17.4 million year over year to $448.8 millionConstruction Equipment and Material Handling revenues of $262.3 million and $168.9 million, respectivelyProduct support revenues increased 7.8% year over year with Parts sales increasing to $75.6 million and Service revenues increasing to $64.6 millionNew and used equipment sales decreased 13.3% year over year to $219.8 millionNet loss available to common stockholders of $(28.4) million Basic and diluted net loss per share of $(0.86)Adjusted basic and diluted net loss per share* of $(0.72)Adjusted EBITDA* of $43.2 millionThird quarter 2024 net loss was impacted by a $14.0 million discrete tax expense from increasing the valuation allowance on our deferred tax assets, specifically related to 163(j) interest limitations Additionally, on October 30, 2024, the Company's Board of Directors approved an increase to the share buyback authorization from $12.5 million to $20.0 mi
Show less
Read more
Impact Snapshot
Event Time:
ALTG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALTG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALTG alerts
High impacting Alta Equipment Group Inc. Class A news events
Weekly update
A roundup of the hottest topics
ALTG
News
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
- Alta Equipment Group Inc (ALTG) Q3 2024 Earnings Call Highlights: Strategic Deleveraging and ... [Yahoo! Finance]Yahoo! Finance
- Alta Equipment: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Alta (NYSE:ALTG) Misses Q3 Sales Targets, Stock Drops 15.9% [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and WebcastGlobeNewswire
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Analyst Actions
- 11/13/24 - Northland Securities
ALTG
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- ALTG's page on the SEC website