Quarterly ResultMay 7, 2026, 04:18 PM
Alta Equipment Q1 Revenue $410.5M, Net Loss $(20.3)M
AI Summary
Alta Equipment Group Inc. reported first-quarter 2026 financial results with total revenues decreasing 3.0% to $410.5 million and Adjusted EBITDA falling 16.4% to $28.1 million. Despite a net loss of $(20.3) million, this was an improvement from the prior year, and net cash provided by operating activities significantly increased to $20.8 million. The company saw strong momentum in Material Handling bookings, up 12.7% year over year, and a 44.5% increase in rental equipment sales, while updating its full-year 2026 Adjusted EBITDA guidance to $167.5 million - $182.5 million.
Key Highlights
- Total revenues decreased 3.0% year over year to $410.5 million.
- Net loss available to common stockholders was $(20.3) million, an improvement from $(21.7) million YoY.
- Adjusted EBITDA decreased 16.4% year over year to $28.1 million.
- Net cash provided by operating activities significantly improved to $20.8 million.
- Rental equipment sales increased 44.5% year over year to $30.2 million.
- Material Handling segment bookings increased 12.7% year over year.
- Full Year 2026 Adjusted EBITDA guidance updated to $167.5 million - $182.5 million.