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Alta Equipment Group Inc   (ALTG)
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Alta Equipment Group Inc

ALTG's Financial Statements and Analysis



Alta Equipment Group Inc reported in the third quarter of 2023 net earnings per share of $0.20 an increase by 42.86 % year on year from $0.14 and an improvement of 300 % from $0.05 realized in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.2 $  466 Mill
$+0.06     +42.86 % $+61M     +15.09 %



Alta Equipment Group Inc 's Revenue rose by 15.09 % in third quarter of 2023 (Sep 30 2023) year on year, to $466 million and declined by -0.36 % sequentially.


Alta Equipment Group Inc is

More on ALTG's Income Statement



Alta Equipment Group Inc 's net income of $7.400 million in the third quarter of 2023 increased by 45.1 % from net earnings of $5.100 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 208.33 % from net income of $2.400 million realized in previous quarter.

More on ALTG's Growth

Alta Equipment Group Inc Inventories
Inventories grew by 45.58 % to $493 million from III. Quarter a year ago, sequentially inventories fell by -1.04 %. In Sep 30 2023 company's net cash and cash equivalents decreased by $-1 million, capital expenditures grew by -2.7-7.41%, to $-3 millions compare to same quarter a year ago

More on ALTG's Cash flow Statement


Alta Equipment Group Inc payed out dividend of $0.09 per share in last 52 weeks representing 42.86 % of net earning per share in trailing twelve-month period.

During the same period Alta Equipment Group Inc payed $ -0.36 cash per share, on a free-cash flow basis .

Book value grew by 4.32 % sequentially to $4.51 per share, 60.29% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 0.68 per share from $ 0.45.

Company repurchased 0.00 million shares or 0.01 % in Sep 30 2023.
Interest Coverage Ratio was 1.07. Debt Coverage Ratio was 0.17.

More on ALTG's Dividends

 Market Capitalization (Millions) 284
 Shares Outstanding (Millions) 33
 Total Debt (Millions $) 319
 Revenue (TTM) (Millions $) 1,783
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0.09 $
 Dividend Yield TTM (%) 1.04 %
 Employees (TTM) $ 1,844




Alta Equipment Group Inc payed out dividend of $0.09 per share in the last 52 weeks representing 42.86 % of net earning per share in trailing twelve-month period.

During the same period Alta Equipment Group Inc had negative $ -0.36 cash flow per share, on a free-cash flow basis .

Book value grew by 4.32 % sequentially to $4.51 per share, 60.29% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 0.68 per share from $ 0.45.

Company repurchased 0.00 million shares or 0.01 % in Sep 30 2023.
Interest Coverage Ratio was 1.07. Debt Coverage Ratio was 0.17.

More on ALTG's Balance Sheets

 Market Capitalization (Millions) 284
 Shares Outstanding (Millions) 33
 Total Debt (Millions $) 319
 Revenue (TTM) (Millions $) 1,783
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0.09 $
 Dividend Yield TTM (%) 1.04 %
 Employees (TTM) $ 1,844
   


  News about Alta Equipment Group Inc Earnings

Alta Equipment Group Inc Secures Strong Earnings with Impressive $7.30 Million Tax Benefit!

Alta Equipment Group Inc. (NYSE: ALTG) had an impressive third quarter of 2023, as indicated by their financial report. Profit per share increased by 42.86% to $0.20 per share, accompanied by a revenue advance of 15.086% to $466.10 million compared to the same period last year. These results clearly surpass the performance of its industry counterparts, with the Broadcasting Media and Cable TV industry only experiencing a 0.81% increase in revenue during the same period.
The company also showed significant improvement in earnings per share compared to the previous quarter, with a 300% increase from $0.05 per share. However, there was a slight decrease in revenue by -0.363% from $467.80 million. The net ea...

Alta Equipment Group Inc Faces Declining Profitability Despite Strong Revenue Growth in Recent Financial Period



Alta Equipment Group Inc, a prominent player in the Broadcasting Media and Cable TV industry, witnessed a decline in profits despite an increase in revenue during the financial period ending June 30, 2023. This article will delve into the financial performance of Alta Equipment Group Inc and highlight concerning developments, including declining income per share, a significant drop in net margin, rising inventories, and fluctuating accounts receivable.
Deteriorating Profitability:
In the mentioned financial span, Alta Equipment Group Inc's income per share plummeted by a staggering 70.59%, reaching a meager $0.05 per share. This decline is alarming, especially when juxtaposed with the indus...

Alta Equipment Group Inc Reports Impressive 26.831% Revenue Increase in Fiscal Year Ending March 31, 2023

The stock market has been abuzz with news of Alta Equipment Group Inc's impressive return on equity (ROE) in its first quarter of 2023. The company achieved a new high of 8.25%, a significant jump from the 6.73% ROE reported in the fourth quarter of 2022. This growth is attributed to a remarkable increase in net income.
Despite being in the highly competitive Broadcasting Media and Cable TV industry, Alta Equipment Group Inc has managed to hold its own. While there were 11 other companies with a higher return on equity in this sector, the overall ranking of Alta Equipment Group Inc has improved significantly in comparison to the la...


Date modified: 2023-11-10T00:42:34+00:00





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