ALTG - Alta Equipment Group Inc.
NYSE
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Industrials
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Rental & Leasing Services
Livonia,
United States
Type: Equity
ALTG price evolution
ALTG
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $14.6 | $4.5 | $5.6 | $31 |
| Short term investments | ||||
| Net receivables | $217.4 | $251.9 | $239.4 | $249.3 |
| Inventory | $565.2 | $547.3 | $553.7 | $530.7 |
| Total current assets | $826.4 | $835.9 | $822.3 | $838 |
| Long term investments | ||||
| Property, plant & equipment | $579.2 | $595.5 | $587.1 | $575.7 |
| Goodwill & intangible assets | $139.3 | $139.9 | $143 | |
| Total noncurrent assets | $755.4 | $741 | $732.9 | |
| Total investments | ||||
| Total assets | $1549.1 | $1591.3 | $1563.3 | $1570.9 |
| Current liabilities | ||||
| Accounts payable | $93.7 | $93.8 | $98.6 | $97 |
| Deferred revenue | $18.7 | $18.3 | $20.4 | |
| Short long term debt | $423.2 | $423.3 | $420.9 | |
| Total current liabilities | $612.3 | $610.4 | $631.1 | $635.1 |
| Long term debt | $712.6 | $827 | $773.7 | $758.9 |
| Total noncurrent liabilities | $855.7 | $795.3 | $786.1 | |
| Total debt | $1250.2 | $1197 | $1179.8 | |
| Total liabilities | $1453.4 | $1466.1 | $1426.4 | $1421.2 |
| Shareholders' equity | ||||
| Retained earnings | -$136 | -$105.6 | -$91 | -$76.4 |
| Other shareholder equity | -$3 | -$2 | -$2.2 | -$1.8 |
| Total shareholder equity | $125.2 | $136.9 | $149.7 | |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $31 | $2.7 | $2.3 | $1.2 |
| Short term investments | ||||
| Net receivables | $249.3 | $232.8 | $182.7 | $137.8 |
| Inventory | $530.7 | $399.7 | $239.2 | $229 |
| Total current assets | $838 | $663.3 | $448.6 | $381.6 |
| Long term investments | ||||
| Property, plant & equipment | $575.7 | $491.4 | $447.1 | $311.9 |
| Goodwill & intangible assets | $143 | $129.9 | $85.3 | $50.6 |
| Total noncurrent assets | $732.9 | $627.3 | $534 | $364.6 |
| Total investments | ||||
| Total assets | $1570.9 | $1290.6 | $982.6 | $746.2 |
| Current liabilities | ||||
| Accounts payable | $97 | $90.8 | $73.5 | $58.9 |
| Deferred revenue | $20.4 | $19 | $4.2 | |
| Short long term debt | $420.9 | $275.8 | $272 | $322.9 |
| Total current liabilities | $635.1 | $471.2 | $420.6 | $434.3 |
| Long term debt | $758.9 | $544.1 | $407.4 | $138.1 |
| Total noncurrent liabilities | $786.1 | $679.6 | $427.3 | $155 |
| Total debt | $1179.8 | $921.8 | $679.4 | $461 |
| Total liabilities | $1421.2 | $1150.8 | $847.9 | $589.3 |
| Shareholders' equity | ||||
| Retained earnings | -$76.4 | -$74.2 | -$76.8 | -$53.4 |
| Other shareholder equity | -$1.8 | -$2.9 | -$0.02 | $0.1 |
| Total shareholder equity | $149.7 | $139.8 | $134.7 | $156.9 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $448.8 | $521.2 | $475.3 | $554.7 |
| Cost of revenue | $356.1 | $321 | $388.5 | |
| Gross Profit | $124.6 | $165.1 | $154.3 | $166.2 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $114.5 | $114.6 | $114.3 | |
| Total operating expenses | $117.8 | $121.7 | $121.5 | $120.8 |
| Operating income | $43.4 | $32.8 | $45.4 | |
| Income from continuing operations | ||||
| EBIT | $4.6 | $14.7 | ||
| Income tax expense | $11.6 | -$2.7 | -$4.2 | $0.5 |
| Interest expense | -$22.6 | $19.2 | $16.1 | $16.1 |
| Net income | ||||
| Net income | -$28.4 | -$11.9 | -$11.9 | -$1.9 |
| Income (for common shares) | -$12.6 | -$12.7 | -$2.7 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2005 | $1684.9 | $1301.6 | $943.3 |
| Cost of revenue | $1369.6 | $1152.2 | $898.4 | $659.1 |
| Gross Profit | $635.4 | $532.7 | $403.2 | $284.2 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $430.3 | $378.8 | $296.4 | $222.6 |
| Total operating expenses | $452.8 | $378.8 | $296.4 | $222.6 |
| Operating income | $182.6 | $153.9 | $106.8 | $61.6 |
| Income from continuing operations | ||||
| EBIT | $59.5 | $42.4 | $6.8 | -$6.8 |
| Income tax expense | -$6.4 | $1.3 | $3.6 | -$6.6 |
| Interest expense | $57 | $31.8 | $24 | $23.8 |
| Net income | ||||
| Net income | $8.9 | $9.3 | -$20.8 | -$24 |
| Income (for common shares) | $5.9 | $6.3 | -$23.4 | -$24 |
| (in millions $) | 30 Oct 2024 | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Net income | -$11.9 | -$11.9 | -$1.9 | |
| Operating activities | ||||
| Depreciation | $38 | $34 | $36.5 | |
| Business acquisitions & disposals | -$44 | |||
| Stock-based compensation | $1.3 | $1.3 | $1 | |
| Total cash flows from operations | -$9.1 | -$11.9 | $83.2 | |
| Investing activities | ||||
| Capital expenditures | -$18.7 | -$17.2 | -$17.6 | |
| Investments | ||||
| Total cash flows from investing | -$48 | -$19.3 | -$18.1 | -$62.2 |
| Financing activities | ||||
| Dividends paid | -$8.1 | -$2 | -$1.9 | -$1.9 |
| Sale and purchase of stock | -$2 | |||
| Net borrowings | $35.8 | $12.8 | $8.7 | |
| Total cash flows from financing | $9.7 | $27.5 | $4.6 | $9.1 |
| Effect of exchange rate | -$0.2 | -$0.2 | -$0.5 | |
| Change in cash and equivalents | -$16.4 | -$1.1 | -$25.4 | $29.6 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $8.9 | $9.3 | -$20.8 | -$24 |
| Operating activities | ||||
| Depreciation | $132.6 | $112 | $95.8 | $75 |
| Business acquisitions & disposals | -$45.6 | -$87.1 | -$65.3 | -$180 |
| Stock-based compensation | $4.3 | $2.7 | $1.2 | $6.7 |
| Total cash flows from operations | $63.8 | $26 | $30.7 | -$38.4 |
| Investing activities | ||||
| Capital expenditures | -$74.1 | -$75.5 | -$48.1 | -$44.5 |
| Investments | ||||
| Total cash flows from investing | -$122.8 | -$162.6 | -$113.4 | -$224.5 |
| Financing activities | ||||
| Dividends paid | -$7.6 | -$3.7 | ||
| Sale and purchase of stock | $173.8 | |||
| Net borrowings | $100 | $142.9 | $86.4 | $90.1 |
| Total cash flows from financing | $87.3 | $136.9 | $83.8 | $264.1 |
| Effect of exchange rate | $0.1 | |||
| Change in cash and equivalents | $28.3 | $0.4 | $1.1 | $1.2 |
News
Fundamentals
| Market cap | $212.79M |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 32.00M |
| Revenue | $2.00B |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | -$54.10M |
| Revenue Q/Q | -9.95% |
| Revenue Y/Y | 4.77% |
| P/E ratio | -3.93 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 0.11 |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | 0.46 |
| EPS | -$1.69 |
|---|---|
| ROA | -3.45% |
| ROE | N/A |
| Debt/Equity | 9.49 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 1.35 |
| Quick ratio | 0.43 |