Alta Equipment Q1 Revenue Misses by 3%, Adjusted EBITDA Plunges 16.4%
Summary
Alta Equipment Group reported a significant miss for its first-quarter results, with revenue falling 3% year-over-year to $410.5 million, below analyst estimates of $424.18 million. Adjusted EBITDA also declined sharply by 16.4% year-over-year to $28.1 million, missing the consensus of $31.06 million. The company attributed the revenue decline to harsh winter weather and a delayed construction season impacting service and rental operations. This continues a trend of revenue decline, following a 2.2% revenue decrease reported in its fiscal year 2025 10-K. Despite the Q1 misses, Alta Equipment provided a 2026 Adjusted EBITDA outlook between $167.5 million and $182.5 million, and expects its Material Handling segment equipment sales to outperform 2025, citing strong quoting activity. Traders will be watching if the company can recover from weather impacts and achieve its full-year guidance.
At the time of this announcement, ALTG was trading at $7.70 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $266.4M. The 52-week trading range was $4.16 to $8.99. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.