Alta Equipment Group (ALTG)
NYSE:ALTG
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced short-term headwinds (Q1 revenue decline, weather disruption, a below-expectations EBITDA print, rental transition and one-time healthcare cost pressure) against several constructive developments (strong bookings momentum in Material Handling, 240 bps gross margin improvement, positive cash flow generation, reduced interest expense, rental fleet deleveraging progress, Ecoverse tariff relief and an updated but achievable FY guidance range). Management emphasized disciplined capital allocation, improving forward indicators and operational actions that support recovery through the year.Company Guidance
Revenue and Top-Line
Total revenues of $410.5 million in Q1 FY2026 (reported down ~3% YoY; ~2.1% organic decline versus prior year), reflecting a modest sequential/seasonal setback but stable overall scale.
Adjusted EBITDA and Momentum
Adjusted EBITDA of $28.1 million for the quarter; strong intra-quarter momentum with March EBITDA ~3x January, indicating improving operational performance as the season progressed.
Material Handling Booking Inflection
Material Handling revenues of $150.5 million (down ~4.7% YoY) but bookings increased meaningfully — over 20% increase in company markets during the quarter and March bookings the strongest since June 2023, signaling a likely equipment sales recovery into the back half.
Construction Segment Stability and Demand Signals
Construction Equipment revenue of $244.3 million, essentially flat YoY; quoting activity strong, pockets of heavy earthmoving strength (e.g., Florida), and favorable infrastructure spending tailwinds (state DOT budgets and upcoming federal reauthorization).
Improving Margins
New and used equipment gross margins expanded ~240 basis points quarter-over-quarter (Q4→Q1), suggesting pricing/supply improvements and reduced OEM discounting that should support future profitability.
Balance Sheet and Cash Flow Discipline
Generated positive GAAP operating cash flow of $20.8 million in Q1 (improvement of $38.3 million versus Q1 2025); cash liquidity ~ $250 million; interest expense declined $2.4 million YoY to $19.5 million, reflecting deleveraging actions.
Rental Fleet Optimization Progress
Intentional reduction in rental gross book value down ~$59.5 million YoY to $524.6 million; $30 million of rental disposals completed in Q1 with another ~$30 million targeted by year-end — plan to get fleet sub-$500 million and improve rental returns/ utilization.
Ecoverse Margin Recovery Expected
Ecoverse Master Distribution revenue of $17.1 million; tariff-driven margin compression is believed to be ending after renegotiated OEM pricing and a favorable Supreme Court ruling — company expects improving margins for the segment through the year.
Updated Full-Year Financial Targets
Updated FY2026 adjusted EBITDA guidance range narrowed to $167.5M–$182.5M (trimmed by $5M at both ends) and free cash flow before rent-to-sell decisioning expected $100M–$110M; path to be below 4.5x leverage by year-end remains intact.
ALTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ALTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $8.19 | $7.24 | -11.60% |
Feb 26, 2026 | $6.50 | $6.90 | +6.15% |
Nov 06, 2025 | $5.89 | $5.26 | -10.70% |
Aug 07, 2025 | $7.17 | $7.74 | +7.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alta Equipment Group (ALTG) report earnings?
Alta Equipment Group (ALTG) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Alta Equipment Group (ALTG) earnings time?
Alta Equipment Group (ALTG) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALTG EPS forecast?
ALTG EPS forecast for the fiscal quarter 2026 (Q2) is -0.19.