UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38864 ALTA EQUIPMENT GROUP INC. (Exact name of Registrant as specified in its Charter) Delaware 83-2583782 (State or other jurisdicti ...

Financial Data and Key Metrics Changes - Total revenue increased by 37.3% to $405 million for Q3 2022, with year-to-date revenue reaching $1.1 billion, matching the total revenue for the full year 2021 [10][20] - Adjusted EBITDA grew by 39.2% to $44 million compared to Q3 2021, with year-to-date adjusted EBITDA at $115.4 million, a 39% increase from the previous year [11][24] - GAAP net income for the quarter was $4.4 million, marking a positive shift from a loss in the previous year [10][25] Business Line Data and Key Metrics Changes - The Product Support business saw strong organic growth, with parts and service revenues reaching a record $116 million, nearly tripling from approximately $40 million per quarter in 2019 [21][22] - Material Handling segment experienced a 17.3% organic growth, while the Construction segment saw a 15.8% increase year-over-year [21] - Rental revenue grew by 12.5% due to increased rental rates and physical utilization [23] Market Data and Key Metrics Changes - The company noted a stable demand for parts and service, with sales backlogs at record levels, driven by supply chain challenges and high demand for equipment [11][12] - The tight labor market is pushing companies to adopt integrated and automated material handling solutions, which is expected to positively impact the business [12] Company Strategy and Development Direction - The company has completed 13 acquisitions since going public in 2020, representing total revenue of $440 million, indicating a strong commitment to an acquisitive growth strategy [13] - The acquisition of Ecoverse Industries positions the company as a leader in the eco-friendly waste solutions market, which is expected to provide significant growth opportunities [15][16] - The company is focusing on e-mobility and leveraging its platform to capitalize on emerging market trends [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial performance and significant opportunities for growth in 2023, despite macroeconomic challenges [17][30] - The company anticipates continued demand for equipment and strong performance in parts and service through the end of the year [30] Other Important Information - The company has increased its 2022 adjusted EBITDA guidance to a range of $155 million to $158 million, up from a previous range of $147 million to $152 million [29] - The balance sheet remains strong with approximately $270 million in cash and liquidity, and total leverage at 3.3x adjusted pro forma EBITDA [25] Q&A Session Summary Question: Can you discuss the total addressable market and long-term organic growth in the waste and recycling market? - Management indicated that the U.S. market is in its early stages, with significant growth potential as it catches up to Western Europe, and they do not foresee the need for further acquisitions to participate in this growth [34] Question: What are the key end markets driving demand for equipment and parts? - Management noted that there has been no increase in cancellations of equipment orders, with strong demand across various sectors including automotive, grocery, and logistics [39] Question: How has the hurricane impacted the business? - Management reported an immaterial impact from the hurricane in Q3, with expectations that the cleanup efforts could actually drive more demand for equipment [46] Question: What is the outlook for the rental business in Q4? - Management acknowledged a seasonal fade in rental revenue due to colder weather but expects the impact to be less significant due to diversification and recent acquisitions [47] Question: Can you provide an update on Ecoverse and its integration? - Management confirmed that Ecoverse is expected to contribute positively, with a focus on building out service offerings and navigating infrastructure needs for battery electric vehicles [51]

Alta Equipment Group Inc. (NYSE:ALTG) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Bryan Fast - Raymond James Matt Summerville - D.A. Davidson Operator Good afternoon, and thank you for attending the Alta Equipment Group’s Second Quarter 2022 Earnings Conference Call ...

Alta Equipment Group Inc. (NYSE:ALTG) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting and Technical Accounting Ryan Greenawalt - Chairman and Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Will Jellison - D.A. Davidson Alex Rygiel - B. Riley Bryan Fast - Raymond James Operator Good afternoon and thank you for attending the Alta Equipment Group First Quarter 2022 Earnings Conference Call. My ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) Alta Equipment Group Inc. reported Q1 2022 revenues of $331.7 million, up 23.4%, with a narrowed net loss of $1.2 million and increased total assets to $1,030.6 million [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets%20(Unaudited)) Total assets increased to $1,030.6 million by March 31, 2022, driven by inventories, while liabilities and equity saw minor shifts Consolidated Balance Sheet Highlights (in millions) | Balance Sheet Item | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | $504.7 | $448.6 | | Inventories, net | $291.0 | $239.2 | | **Total Assets** | **$1,030.6** | **$982.6** | | **Total Current Liabilities** | $470.7 | $420.6 | | Lines of credit & Floor plan payable | $300.9 | $253.2 | | **Total Liabilities** | **$897.6** | **$847.9** | | **Total Stockholders' Equity** | $133.0 | $134.7 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations%20(Unaudited)) Q1 2022 net revenues rose 23.4% to $331.7 million, with gross profit up 35.8%, and net loss significantly narrowed to $1.2 million Q1 2022 vs Q1 2021 Statement of Operations (in millions, except per share data) | Metric | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Net Revenues** | **$331.7** | **$268.8** | | Gross Profit | $91.4 | $67.3 | | Income from Operations | $4.6 | $0.5 | | Net Loss | $(1.2) | $(5.7) | | Net Loss Available to Common Shareholders | $(2.0) | $(5.7) | | **Basic & Diluted Loss Per Share** | **$(0.06)** | **$(0.19)** | [Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Consolidated%20Statements%20of%20Stockholders%20Equity%20(Deficit)%20(Unaudited)) Stockholders' equity decreased to $133.0 million by March 31, 2022, primarily due to net loss and preferred stock dividends - The change in stockholders' equity for Q1 2022 was primarily influenced by the **net loss** and **preferred stock dividends**[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) Q1 2022 saw $6.7 million net cash used in operations, $18.6 million in investing, and $24.6 million provided by financing activities Q1 2022 vs Q1 2021 Cash Flow Summary (in millions) | Cash Flow Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(6.7) | $0.6 | | Net cash used in investing activities | $(18.6) | $(9.8) | | Net cash provided by financing activities | $24.6 | $8.6 | | **Net Change in Cash** | **$(0.7)** | **$(0.6)** | [Notes to Unaudited Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue streams, debt structure, segment performance, and recent business combinations [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=27&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A highlights 23.4% revenue growth driven by acquisitions and strong business, improved gross margin, and sufficient liquidity - The company is currently experiencing 'recovery-related' supply-chain constraints from OEMs, leading to extended lead times for new equipment, but management believes its diversified cash flows and ability to source used equipment will help mitigate the impact[150](index=150&type=chunk) - On April 1, 2021, the company completed a private offering of **$315 million of 5.625% Senior Secured Second Lien Notes due 2026** to refinance existing debt, reduce borrowing costs, and enhance liquidity[154](index=154&type=chunk) Consolidated Revenue and Gross Profit YoY Change (in millions) | Metric | Q1 2022 | Q1 2021 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Net Revenues** | **$331.7** | **$268.8** | **$62.9** | **23.4%** | | **Gross Profit** | **$91.4** | **$67.3** | **$24.1** | **35.8%** | | Gross Margin | 27.6% | 25.0% | - | 2.6 p.p. | - The company operates through two reportable segments: Material Handling and Construction Equipment, with recent acquisitions like PeakLogix and ScottTech expanding capabilities into automated equipment installation and system integration[164](index=164&type=chunk)[162](index=162&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risk is interest rate exposure on variable-rate debt, with a 1% rate increase impacting pre-tax earnings by $1.9 million - The company's primary market risk is interest rate changes on its variable-rate debt, which includes the ABL Facility and Floor Plan Facilities[217](index=217&type=chunk) - As of March 31, 2022, a **1% increase in interest rates** would result in an approximate **$1.9 million decrease in annual pre-tax earnings**, based on the outstanding variable rate debt at that time[218](index=218&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were ineffective as of March 31, 2022, due to material weaknesses in internal controls, with remediation underway - Management concluded that disclosure controls and procedures were **not effective** as of March 31, 2022, due to ongoing material weaknesses in internal control over financial reporting[222](index=222&type=chunk) - The material weaknesses relate to: (1) user access and segregation of duties, (2) parts inventory controls, and (3) the order-to-cash process[224](index=224&type=chunk)[226](index=226&type=chunk)[227](index=227&type=chunk) - A remediation plan is in progress, including implementing new ERP modules, enhancing policies and procedures, and providing additional training, with expected completion before the end of fiscal 2022[224](index=224&type=chunk)[227](index=227&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not a party to any material legal proceedings, other than routine litigation incidental to its business - There are no material legal proceedings to which the company is a party or to which any of its property is subject, aside from routine legal matters[231](index=231&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 - No material changes have occurred regarding the risk factors disclosed in the company's 2021 Form 10-K[232](index=232&type=chunk)