Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 13211 Merriman Road LIVONIA MI 48150 |
Tel: | 1-225-7720254 |
Website: | https://www.altaequipment.com |
IR: | See website |
Key People | ||
Ryan Greenawalt Chairman of the Board, Chief Executive Officer | Anthony J. Colucci Chief Financial Officer | Craig Francis Brubaker Chief Operating Officer | Jeffrey Hoover Chief Legal Officer and General Counsel |
Business Overview |
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks, heavy and compact earthmoving equipment, environmental processing equipment, and other material handling and construction equipment. The Company operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The Material Handling segment is principally engaged in operations related to the sale, service, and rental of lift trucks and other material handling equipment. The Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment. The Master Distribution segment is principally engaged in large-scale equipment distribution rights with sub-dealers throughout North America related to environmental processing equipment. |
Financial Overview |
For the fiscal year ended 31 December 2023, Alta Equipment Group Inc revenues increased 19% to $1.88B. Net income applicable to common stockholders decreased 6% to $5.9M. Revenues reflect Construction Equipment segment increase of 13% to $1.12B, Material Handling segment increase of 19% to $681.5M. Net income was offset by General and administrative expenses increase of 19% to $430.3M (expense). |