Alta Equipment Group, Inc. (ALTG)

In Q3 2025, Alta Equipment Group announced earnings with an EPS of -$1.31 and revenue of $422.60 million, missing analyst estimates, which led to a stock decrease. In Q2 2025, the company reported a slight revenue reduction year-over-year but an increase sequentially, with the construction segment showing strength. Alta Equipment Group divested its Dock and Door business for $6.4 million to rationalize non-core assets. The enactment of the OBBBA in July 2025 resulted in a non-recurring, non-cash deferred income tax expense. Preferred stock dividends were announced on January 5, 2026, and April 3, 2025. An independent director bought 9.3% more shares on December 13, 2025, with insider sentiment being positive. The stock price as of January 9, 2026, was $5.80 per share, representing an 8.23% decline from January 10, 2025.

Demand for Alta Equipment Group's products and services exhibits seasonality, particularly in its Construction Equipment business. The company experiences seasonal impacts in its Northeast and Midwest markets, with rental fleet deployment increasing as weather improves. The second quarter of 2024 showed sequential improvement, driven by these seasonal trends. The material handling segment faced headwinds in Q2 2025 due to cautious spending among automotive and general manufacturing customers. The stability in the Construction Equipment segment is attributed to infrastructure-related projects.

Alta Equipment Group, Inc. operates as an integrated equipment dealership platform in North America, specializing in the sale, rental, and servicing of industrial and construction equipment. The company operates in the Trading Companies & Distributors and Rental & Leasing Services industries, generating revenue from equipment sales and product support. Its offerings include material handling equipment, construction equipment, and support services, serving sectors like manufacturing, construction, and waste management.

Alta Equipment Group operates over 85 locations across numerous U.S. states and Canadian provinces. In the United States, it has presence in Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida. In Canada, the company operates in Ontario and Quebec. The company maintains a significant market presence primarily across the Midwest and Northeast United States.

Alta Equipment Group has a strong reputation for customer service and reliable equipment solutions, focusing on operational uptime for heavy equipment users. Investor sentiment is very positive, with a sentiment score of 100 out of 100 based on data from top investing forums.

Institutional shareholders hold 63.77% of Alta Equipment Group's stock, with major holders including Mill Road Capital Management LLC and BlackRock, Inc. Insiders collectively own 83.35% of the company's shares. B Riley Financial Inc. is the largest individual shareholder, owning 41.34% of the company, and Ryan Greenawalt, the CEO and Chairman, controls 16.7% of shares.