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Alta Equipment Group Inc   (ALTG)
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Again Positive Income at the Alta Equipment Group Inc during the fiscal third quarter of 2022

ALTG recorded third quarter of 2022 operating surplus of $13.7 millions

Published 2022-11-13T02:32:21+00:00
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 fiscal third quarter of 2022 ALTG earnings turned positive of $0.14 per share compare to $-0.02 a year prior and profits fell by -17.65 % from $0.17 per share from the prior reporting period.

Revenues jumped by 37.288 % to $405.00 millions from $295.00 millions in the same reporting period a year prior and sequentially Revenue decreased by -0.369 % from $406.50 millions.




Earnings of $5.100 millions in the fiscal third quarter of 2022 increased by 2450 % from zero gain achieved in the corresponding reporting period a year ago. Alta Equipment Group Inc also emphasized it's improving profit margins, where net margin rose to 1.26% in fiscal third quarter of 2022, and operating margin edged up to 3.38%.
Operating earnings, on the other hand, improved just 128.33% to $13.7 millions.

Alta Equipment Group Inc is expected to report next financial earnings on March 30, 2023.


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Other ALTG's Earnings Reports

Alta Equipment Group Inc reported first quarter 2022 earnings

Alta Equipment Group Inc reported fourth quarter 2021 earnings

Alta Equipment Group Inc reported third quarter 2021 earnings

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