ALTA EQUIPMENT GROUP INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
ALTG$4.97-17.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| New and used equipment sales | $228.6 | $219.6 |
| Parts sales | 72.9 | 68.4 |
| Service revenues | 64.0 | 60.2 |
| Rental revenues | 48.5 | 43.5 |
| Rental equipment sales | 27.6 | 29.0 |
| Total revenues | 441.6 | 420.7 |
| Cost of revenues: | ||
| New and used equipment sales | 192.4 | 179.0 |
| Parts sales | 48.3 | 45.4 |
| Service revenues | 27.0 | 25.1 |
| Rental revenues | 6.7 | 6.1 |
| Rental depreciation | 27.1 | 22.9 |
| Rental equipment sales | 19.5 | 20.9 |
| Total cost of revenues | 321.0 | 299.4 |
| Gross profit | 120.6 | 121.3 |
| General and administrative expenses | 114.6 | 104.0 |
| Non-rental depreciation and amortization | 6.9 | 5.2 |
| Total operating expenses | 121.5 | 109.2 |
| (Loss) income from operations | (0.9) | 12.1 |
| Other (expense) income: | ||
| Interest expense, floor plan payable – new equipment | (2.8) | (1.5) |
| Interest expense – other | (13.3) | (10.5) |
| Other income | 0.9 | 1.0 |
| Total other expense, net | (15.2) | (11.0) |
| (Loss) income before taxes | (16.1) | 1.1 |
| Income tax (benefit) provision | (4.2) | 0.1 |
| Net (loss) income | (11.9) | 1.0 |
| Preferred stock dividends | (0.8) | (0.8) |
| Net (loss) income available to common stockholders | $(12.7) | $0.2 |
| Basic (loss) income per share | $(0.38) | $0.01 |
| Diluted (loss) income per share | $(0.38) | $0.01 |
| Basic weighted average common shares outstanding | 33,108,695 | 32,223,221 |
| Diluted weighted average common shares outstanding | 33,108,695 | 32,430,715 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited)
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