NYSE$ALTG
Alta Equipment Group Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Alta's financial performance demonstrated strong growth in Q4 2023, with a significant increase in total revenues and adjusted EBITDA.
Alta Equipment Group Inc. reported a 21.7% increase in total revenues, reaching $521.5 million for Q4 2023. Adjusted EBITDA grew by 16.4% to $49.7 million. However, the company experienced a net loss available to common stockholders of $(2.7) million, and a net loss per share of $(0.08).
- Total revenues increased by 21.7% year over year to $521.5 million.
- Adjusted EBITDA grew by 16.4% to $49.7 million compared to the prior year.
- New and used equipment sales increased by 25.1% to $298.1 million.
- Product support revenues increased by 14.2% year over year, driven by growth in both parts and service sales.
Headline financials
Revenue & EPS history
Alta · Revenue · Quarterly
$522M
Forward guidance
Alta Equipment Group anticipates continued growth and operating leverage in 2024, with a focus on improving shareholder value. The company expects to report Adjusted EBITDA between $207.5 million and $217.5 million for the 2024 fiscal year.
Tailwinds
- Non-residential construction starts are forecast to increase compared to 2023.
- The material handling industry is forecasting another year of strong lift truck deliveries that is likely to resemble, if not exceed, the record year of lift truck deliveries in 2023.
- State DOT 2024 fiscal year budgets are more than 10% higher than last year.
- Customer sentiment aligns with the strength experienced in 2023.
- The company is focused on continued growth and operating leverage in 2024.
Headwinds
- No specific negatives were mentioned in the provided text.
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 2023
+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
| Quarter | Report date | Reaction (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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