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A remarkable execution by Alta Equipment Group Inc. in the second quarter of 2022 earnings season

Alta Equipment Group Inc. reported second quarter of 2022 operating profit of $13 millions

Published 2022-08-12T23:39:40-04:00
Goran Soko / CSIMarket.com Contributer

interview_By_Keith_Allison_[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonsFor the most recent fiscal period Alta Equipment Group Inc. had turn a round to surplus by displaying EPS of $0.17 per share compare to $-0.48 a year before and earnings per share turned positive from $-0.06 per share from the prior reporting season.

Revenues jumped by 38.879 % to $406.50 millions from $292.70 millions in the corresponding reporting season a year before and sequentially Revenues improved by 22.55 % from $331.70 millions.




The company have recorded net income of $6.100 millions in the most recent fiscal period an improvement versus a net loss of $-14.600 millions in the corresponding reporting season a year ago. Alta Equipment Group Inc. also emphasized it's improving profit margins, where net margin rose to 1.5% in most recent fiscal period, and operating margin edged up to 3.2%.
Operating earnings, however, rose 306.25% to $13 millions.

Alta Equipment Group Inc. is expected to report next financial recent numbers on November 11, 2022.


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Other ALTG's Earnings Reports

Alta Equipment Group reported second quarter 2021 earnings

Alta Equipment Group reported first quarter 2021 earnings

Alta Equipment Group reported fourth quarter 2021 earnings

       
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