Alta Equipment Group Inc
NYSE:ALTG
Alta Equipment Group Inc
Alta Equipment Group, Inc. engages in the operation of equipment dealership platforms. The company is headquartered in Livonia, Michigan and currently employs 2,250 full-time employees. The company went IPO on 2019-04-12. The firm operates through two segments: Material Handling and Construction Equipment. The company is engaged in five principal business activities in its equipment categories, including new equipment sales, used equipment sales, parts sales, repair and maintenance services, and equipment rentals. Through its branch network, the Company sells, rents, and provides parts and service support for specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment, and other industrial and construction equipment. The company has developed a branch network that includes approximately 60 total locations across Michigan, Illinois, Indiana, Ohio, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, New York, Virginia and Florida. The firm offers its customers a one-stop shop for their equipment needs through its product portfolio.
Alta Equipment Group, Inc. engages in the operation of equipment dealership platforms. The company is headquartered in Livonia, Michigan and currently employs 2,250 full-time employees. The company went IPO on 2019-04-12. The firm operates through two segments: Material Handling and Construction Equipment. The company is engaged in five principal business activities in its equipment categories, including new equipment sales, used equipment sales, parts sales, repair and maintenance services, and equipment rentals. Through its branch network, the Company sells, rents, and provides parts and service support for specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment, and other industrial and construction equipment. The company has developed a branch network that includes approximately 60 total locations across Michigan, Illinois, Indiana, Ohio, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, New York, Virginia and Florida. The firm offers its customers a one-stop shop for their equipment needs through its product portfolio.
Revenue Decline: Alta Equipment Group reported Q3 2025 revenue of $422.6 million, representing a 5.8% organic decrease year-over-year, mainly due to weaker equipment sales.
October Rebound: Equipment sales rebounded strongly in October, with Construction Equipment sales alone exceeding $75 million—nearly 60% of total Q3 equipment sales—hinting at deferred demand shifting into Q4.
Stable Backlog: The Material Handling segment maintains a backlog above $100 million, providing visibility for the coming quarters despite overall market softness.
Cost Controls: SG&A costs are down about $25 million year-to-date, improving efficiency and embedding structural savings in the business.
Guidance Update: Adjusted EBITDA guidance for fiscal 2025 was lowered to $168–$172 million, but free cash flow guidance remains steady at $105–$110 million.
Divestiture: Alta completed the sale of its Dock and Door division to sharpen focus on core dealership operations, with minimal impact to EBITDA guidance.
Macro Tailwinds: Management highlighted improving demand trends, infrastructure funding, tax incentives, and interest rate relief as positive drivers heading into Q4 and 2026.
