ALTA EQUIPMENT GROUP INC. ALTG
We own and operate one of the largest integrated equipment dealership platforms in North America. Through our branch network, we sell, rent, and provide parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, other construction equipment, and allied products. We engage in five principal business activities in these equipment categories:
(v)rental equipment sales.
We have operated as an equipment dealership for 41 years and have developed a branch network that includes over 80 total locations in Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida and the Canadian provinces of Ontario, Maritime, and Quebec. We offer our customers end-to-end solutions for their equipment needs by providing sales, parts, service, and rental offerings. Additionally, we provide design and build services related to automated equipment installation and warehouse management system integration solutions within our Material Handling segment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.88B | $1.88B | $1.57B | $1.21B | $873.6M | $557.4M | — | — |
| Cost of revenue | $1.36B | $1.38B | $1.37B | $1.15B | $898.4M | $659.1M | $405.3M | — | — |
| Gross profit | $474.6M | $493.7M | $507.2M | $419.6M | $314.4M | $214.5M | $152.1M | — | — |
| SG&A | $422.7M | $446.5M | $430.3M | $362.3M | $285.9M | $216.0M | $137.6M | — | — |
| Total operating expenses | $451.4M | $475.1M | $452.8M | $378.8M | $296.4M | $222.6M | $140.4M | — | — |
| Operating income | $23.2M | $18.6M | $54.4M | $40.8M | $18.0M | -$8.1M | $11.7M | -$342 | — |
| Interest expense | $88.4M | $81.3M | $57.0M | $31.8M | $24.0M | $23.8M | $20.5M | — | — |
| Pre-tax income | -$58.8M | -$66.3M | $2.5M | $10.6M | -$17.2M | -$30.6M | -$35.4M | -$342 | — |
| Income tax | $21.5M | $4.2M | $6.4M | $1.3M | $3.6M | $6.6M | $0 | $800 | — |
| Net income | -$80.3M | -$62.1M | $8.9M | $9.3M | -$20.8M | -$24.0M | -$35.4M | -$1.1K | — |
| EPS, basic | -2.55 | -1.96 | 0.18 | 0.20 | -0.74 | -0.90 | — | — | — |
| EPS, diluted | -2.55 | -1.96 | 0.18 | 0.20 | -0.74 | -0.90 | -4.84 | 0.00 | — |
| Shares, diluted (wtd. avg.) | $32.7M | $33.2M | $32.9M | $32.3M | $31.7M | $26.6M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.6M | $13.4M | $31.0M | $2.7M | $2.3M | $1.2M | $654.5K | $49.7K | — |
| Receivables | $186.7M | $199.7M | $249.3M | $232.8M | $182.7M | $137.8M | $101.2M | — | — |
| Inventory | $473.3M | $535.9M | $530.7M | $399.7M | $239.2M | $229.0M | $137.2M | — | — |
| Total current assets | $710.2M | $774.5M | $838.0M | $663.3M | $448.6M | $381.6M | $244.1M | $49.7K | — |
| Property, plant and equipment | $73.3M | $81.6M | $73.4M | $377.8M | $344.5M | $311.9M | $196.5M | — | — |
| Goodwill | $77.8M | $77.5M | $76.7M | $69.2M | $41.9M | $24.3M | $8.6M | $7.6M | — |
| Other intangibles | $48.0M | $54.7M | $66.3M | $60.7M | $43.4M | $26.3M | $3.0M | — | — |
| Total assets | $1.34B | $1.48B | $1.57B | $1.29B | $982.6M | $746.2M | $454.2M | $212.2K | — |
| Accounts payable | $77.7M | $91.5M | $97.0M | $90.8M | $73.5M | $58.9M | $31.1M | $162.5K | — |
| Short-term debt | $11.0M | $10.5M | $7.7M | $4.2M | $2.6M | $8.7M | $7.1M | — | — |
| Total current liabilities | $495.0M | $577.2M | $635.1M | $471.2M | $322.2M | $434.3M | $343.4M | — | — |
| Long-term debt | $484.5M | $480.0M | $312.3M | $311.2M | $310.0M | $135.0M | $86.5M | — | — |
| Total liabilities | $1.35B | $1.40B | $1.42B | $1.15B | $847.9M | $589.3M | $477.4M | $220.8K | — |
| Retained earnings | -$236.4M | -$149.3M | -$76.4M | -$74.2M | -$76.8M | -$53.4M | -$23.2M | -$9.0K | — |
| Total equity | -$8.8M | $77.6M | $149.7M | $139.8M | $134.7M | $156.9M | -$23.2M | $12.2M | -$7.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.0M | $57.0M | $58.4M | $18.5M | $30.7M | -$35.0M | -$5.5M | -$342 | — |
| Depreciation and amortisation | $133.6M | $144.5M | $132.6M | $112.0M | $95.8M | $75.0M | $50.1M | — | — |
| Stock-based compensation | $3.8M | $4.8M | $4.3M | $2.7M | $1.2M | $6.7M | — | — | — |
| Capital expenditure | $9.2M | $15.4M | $12.4M | $12.8M | $8.1M | $4.4M | $2.7M | — | — |
| Investing cash flow | -$22.7M | -$56.2M | -$117.4M | -$155.1M | -$113.4M | -$227.9M | -$87.8M | — | — |
| Financing cash flow | -$5.3M | -$17.9M | $87.3M | $136.9M | $83.8M | $264.1M | $91.8M | $50.0K | — |
| Dividends paid | $3.0M | $3.0M | $3.0M | $3.0M | $2.6M | — | — | — | — |
| Buybacks | $7.5M | $5.8M | — | — | — | $5.9M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-157108.
Others in SIC 5084
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSM | MSC INDUSTRIAL DIRECT CO INC | $6.78B | 34.0x | -1.3% |
| DXPE | DXP ENTERPRISES INC | $2.86B | 34.3x | 11.9% |
| GIC | GLOBAL INDUSTRIAL Co | $1.52B | 21.5x | 4.8% |