NYSE$ALTG

Alta Equipment Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a mixed Q4 2022 with revenue increase but net loss.

Alta Equipment Group reported a 20.3% increase in total revenues to $428.6 million for Q4 2022. However, the company experienced a net loss of $(1.5) million, with a loss per share of $(0.05). Adjusted EBITDA grew by 15.7% to $42.7 million.

  • Total revenues increased 20.3% year over year to $428.6 million.
  • Construction and Material Handling revenue reached $269.0 million and $154.3 million, respectively.
  • Product Support revenue increased 25.4% year over year.
  • Adjusted EBITDA grew 15.7% to $42.7 million compared to $36.9 million in 2021.

Headline financials

Total Revenue

$429M

Previous: $356M+20.3%
EPS (adj)

$0.04

Previous: $0.03+33.3%
Adjusted EBITDA

$42.7M

Previous: $36.9M+15.7%
Capital Expenditures

$5.9M

Previous: $1.1M+436.4%
Free Cash Flow

$1.8M

Previous: $25.5M-92.9%
Net Income

-$700K

Previous: -$700K+0.0%
Operating Income

$9.5M

Previous: $8.4M+13.1%
Gross Profit

$111M

Previous: $89.1M+24.4%
Cash & Equivalents

$2.7M

Previous: $2.3M+17.4%
Total Assets

$1.29B

Previous: $983M+31.3%
Stock-Based Comp

$800K

Previous: $300K+166.7%

Revenue & EPS history

Alta · Revenue · Quarterly

$429M

Q4 2022+20.3%vs Q4 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

The Company introduced an Adjusted EBITDA guidance between $177 million and $185 million, net of new equipment floorplan interest, for the full year 2023, representing a 14.5% increase at the midpoint year over year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.0%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-2.0%

Avg return

30 days after

39%

11 / 28 earnings

Positive

+23.3%

Q1 2020

Best reaction

-26.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-23.0%-22.8%
Q4 2025-6.6%-12.7%-31.2%
Q3 2025-10.6%-14.3%-16.6%
Q1 2025-1.3%+18.0%+30.8%
Q4 2024-1.0%-3.7%-19.2%
Q3 2024-5.8%-17.4%-11.7%
Q2 2024-26.7%-34.2%-30.3%
Q1 2024-17.0%-27.6%-29.1%
Q4 2023+2.6%+11.9%+14.9%
Q3 2023+14.3%+11.1%+11.6%
Q2 2023-10.0%-13.4%-19.8%
Q1 2023+4.0%+11.1%+11.7%
Q4 2022-14.4%-18.3%-32.6%
Q3 2022+7.7%+4.6%+0.3%
Q2 2022+13.4%+13.0%+11.0%
Q1 2022-4.3%+0.5%+7.4%
Q4 2021+9.4%+4.2%-10.8%
Q3 2021+4.0%+3.4%-16.6%
Q2 2021-4.4%-7.2%-4.6%
Q1 2021+16.4%+13.7%+1.6%
Q4 2020+10.8%+3.2%+16.6%
Q3 2020-8.2%+0.0%+2.4%
Q2 2020+7.6%+1.3%-6.1%
Q1 2020+23.3%+32.2%+76.4%
Q4 2019-0.7%-7.0%+6.5%
Q3 2019+0.0%+0.0%+1.1%
Q2 2019-0.2%-0.5%+1.0%
Q1 2019+0.0%+1.3%+1.0%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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