Alta Equipment's Q2 revenue beats estimates
Overview
Alta Q2 revenue falls $6.9 mln yr/yr to $481.2 mln, beats estimates
Adjusted EPS of $(0.11) beats expectations, per LSEG data
Adjusted EBITDA rises to $48.5 mln, exceeding analyst forecasts
Outlook
Alta updates 2025 Adjusted EBITDA guidance to $171.5 mln-$181.5 mln
Company expects Material Handling sales to remain stable for rest of 2025
Alta sees stable demand for heavy earthmoving machines
Company anticipates normalized margins with stable US-EU trade relations
Result Drivers
CONSTRUCTION SEASON - Sequential revenue increase driven by construction season in northern regions, per CEO Ryan Greenawalt
TARIFF IMPACT - Tariffs on European imports pressured margins in the Master Distribution segment
REGIONAL SOFTNESS - Material Handling revenues declined due to market hesitancy and regional softness in the Midwest and Canada
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $481.20 mln | $478.60 mln (5 Analysts) |
Q2 Adjusted EPS | Beat | -$0.11 | -$0.26 (4 Analysts) |
Q2 EPS |
| -$0.21 |
|
Q2 Net Income |
| -$6.80 mln |
|
Q2 Adjusted EBITDA | Beat | $48.50 mln | $46.50 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Alta Equipment Group Inc is $8.00, about 8.3% above its August 6 closing price of $7.34
Press Release: ID:nGNX3B8P32
