Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024
ALTGAlta Equipment (ALTG) Newsfilter·2024-03-15 04:15

Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 21.7% year over year to 521.5millionConstructionandMaterialHandlingrevenuesof521.5 million Construction and Material Handling revenues of 328.1 million and 179.0million,respectivelyProductsupportrevenuesincreased14.2179.0 million, respectively Product support revenues increased 14.2% year over year with Parts sales increasing to 69.1 million and Service revenues increasing to 60.8millionNewandusedequipmentsalesgrew25.160.8 million New and used equipment sales grew 25.1% to 298.1 million Net loss available to common stockholders of (2.7)millioncomparedto(2.7) million compared to (1 ...