Unpacking Q2 Earnings: Alta (NYSE:ALTG) In The Context Of Other Specialty Equipment Distributors Stocks [Yahoo! Finance]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Yahoo! Finance
Today we are looking at Alta (NYSE:ALTG) and the best and worst performers in the specialty equipment distributors industry. 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 10 specialty equipment distributors stocks we track reported a weak Q2. As a group, revenues missed analysts' consensus estimates by 1.7%. Stocks--especially those trading at higher multiples--had a strong end of 2023, but th
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News
- Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and WebcastGlobeNewswire
- Alta Equipment Group's (NYSE:ALTG) Dividend Will Be $0.057 [Yahoo! Finance]Yahoo! Finance
- Railcar Movers Industry Analysis Report 2024: Global Market to Reach $1.7 Billion by 2030 - Rising Use in Oil & Gas, Chemical, Mining, Warehousing and Manufacturing Creates New Opportunities [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Common Stock DividendGlobeNewswire
- Alta Equipment: Overlooked And Undervalued [Seeking Alpha]Seeking Alpha
ALTG
Earnings
- 8/7/24 - Beat
ALTG
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form 8-K
- 11/1/24 - Form 4
- ALTG's page on the SEC website