Alta Equipment Group Reports Full Year 2019 Financial Results
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Business Wire
Net revenues increased 35% year-over-year to $557.4 million, led by the acquisition of Northland Industrial Truck Co. (“NITCO”) in May of 2019 and continued growth in Alta Equipment Group Inc.’s core businessesIndustrial revenues were $312.3 million, an increase of $110.0 million, or 54.4%, compared to $202.3 million a year ago, primarily related to the NITCO acquisitionConstruction revenues were $245.1 million, an increase of $34.4 million, or 16.3%, compared to $210.7 million a year agoGross profit increased to 27.3%, compared to 26.7% a year ago LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”), a leading provider of premium industrial and construction equipment and related services, today announced financial results for the full year 2019. The financial results reflect the twelve months ended December 31, 2019, prior to the recent closing of the business combination on February 14, 2020 of the recent business combination between Alta’s predecessor
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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