Specialty Equipment Distributors Stocks Q1 Recap: Benchmarking Alta (NYSE:ALTG) [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
Historically, specialty equipment distributors have boasted deep selection and expertise in sometimes narrow areas like single-use packaging or unique lighting equipment. Additionally, the industry has evolved to include more automated industrial equipment and machinery over the last decade, driving efficiencies and enabling valuable data collection. Specialty equipment distributors whose offerings keep up with these trends can take share in a still-fragmented market, but like the broader industrials sector, this space is at the whim of economic cycles that impact the capital spending and manufacturing propelling industry volumes. The 9 specialty equipment distributors stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 0.8%. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mix
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ALTG
News
- Alta Equipment Group Inc. 10% DP SHS PFD A declares $0.625 dividend [Seeking Alpha]Seeking Alpha
- Alta Equipment Group Announces Preferred Stock DividendGlobeNewswire
- Unpacking Q2 Earnings: Alta (NYSE:ALTG) In The Context Of Other Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Elects Colin Wilson as Director [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Elects Colin Wilson as DirectorGlobeNewswire
ALTG
Earnings
- 8/7/24 - Beat
ALTG
Sec Filings
- 10/3/24 - Form 8-K
- 9/24/24 - Form SC
- 9/24/24 - Form 4
- ALTG's page on the SEC website