Alta Equipment Group Inc (ALTG) Q3 2024 Earnings Call Highlights: Strategic Deleveraging and ... [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
Alta Equipment Group Inc ( NYSE:ALTG ) successfully reduced its general and administrative expenses, contributing to improved financial efficiency. The company achieved a significant reduction in rental fleet and working capital, allowing it to deleverage by nearly $40 million in the quarter. Alta Equipment Group Inc ( NYSE:ALTG ) delivered Nikola fuel cell trucks to DHL, marking progress in its electrification strategy. The high-margin product support business continues to perform strongly, with revenue increasing by 7.8% to $140.2 million. The company expanded its share buyback program to $20 million, indicating confidence in its long-term value. Alta Equipment Group Inc ( NYSE:ALTG ) experienced a significant decline in new and used equipment revenues, particularly in the construction equipment segment. The equipment sales and rental environment deteriorated, leading to underperformance in the third quarter. The company faced challenges in the construction segment, w
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ALTG
News
- Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- 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
ALTG
Earnings
- 11/12/24 - Miss
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