Core Viewpoint - Alta Equipment Group Inc. has announced a quarterly dividend of $0.057 per share, with the payment date set for February 29, 2024, to shareholders of record on February 15, 2024 [1] Company Overview - Alta Equipment Group Inc. is a leading provider of premium material handling, construction, and environmental processing equipment, operating one of the largest integrated equipment dealership platforms in the U.S. and Canada [2] - The company has a branch network of over 80 locations across various states including Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida, as well as the Canadian provinces of Ontario and Quebec [2] - Alta has been in operation for 39 years, offering a comprehensive range of specialized equipment including lift trucks, aerial work platforms, heavy and compact earthmoving equipment, and environmental processing equipment [2]

Group 1 - Alta Equipment Group Inc. appointed Jeff Hoover as Chief Legal Officer and General Counsel effective January 18, 2024 [1][2] - Jeff Hoover has extensive experience in mergers and acquisitions, corporate finance, commercial lending, and real estate transactions, previously serving as a partner at Dinsmore & Shohl LLP and Howard & Howard Attorneys, PLLC [1][2] - Hoover will lead and coordinate Alta's legal affairs, corporate governance, and Board relations, while also supporting operational leaders from an administrative and compliance perspective [2] Group 2 - Alta Equipment Group operates one of the largest integrated equipment dealership platforms in the U.S. and has a presence in Canada, with over 80 locations across various states and provinces [3] - The company specializes in selling, renting, and providing parts and service support for a wide range of equipment, including lift trucks, heavy earthmoving equipment, and environmental processing equipment [3] - Alta has been in operation for 39 years, offering a comprehensive product portfolio to meet customer equipment needs [3]

Alta Equipment Group Inc (NYSE:ALTG) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Jason Dammeyer - Investor Relations Ryan Greenawalt - Chairman and Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Matt Summerville - D.A. Davidson Steve Hansen - Raymond James Ted Jackson - Northland Securities Steve Ramsey - Thompson Research Group Operator Good afternoon and thank you for attending the Alta Equipment Grou ...

Financial Performance - Total revenue increased by 15.1% to $466.2 million compared to Q3 2022[10] - New and Used Equipment Sales Grew 20.7% to $253.6 million[10] - Adjusted EBITDA Grew 15.9% to $51.0 million compared to $44.0 million last year[10] - YTD Economic EBIT increased 15.3% or $12.7 million, from $82.7 million to $95.4 million[10] - Consolidated organic revenue grew $37.9 million, or 9.5%[29] - Revenue grew 18.6% to $1,355.3 million YTD; Organic revenue grew by $120.8 million or 10.6%[30] Market and Growth Strategy - M&A activity since public offering added $537 million in total revenue value and $65 million in EBITDA at accretive valuation multiples[16] - The company initiated a share repurchase program in July 2022[46] Balance Sheet and Liquidity - Uncapped Liquidity of $207 million as of September 30, 2023[36] - $305 million outstanding balance under $485 million ABL facility as of September 30, 2023[36] FY2023 Guidance - Increased FY2023 Adjusted EBITDA guidance from $180.0 - $188.0 million to $187.0 - $192.0 million[51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ALTA EQUIPMENT GROUP INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) | --- | --- | |----------------|-----------------------| | ...

Financial Data and Key Metrics Changes - Total revenue increased by 15.2% to $468.4 million, a record for the company, driven by Construction revenue of $281.5 million and Material Handling revenue of $169.1 million [8][22] - Adjusted EBITDA grew by 20.5% to $49.9 million compared to the previous year [8][24] - Organic revenue growth year-to-date was reported at 11.2% [8] Business Line Data and Key Metrics Changes - Construction Equipment segment benefited from high non-residential demand and federal infrastructure spending, with significant growth in Florida operations [12] - Material Handling segment saw organic growth in parts and service departments, with increases of 12% and 10% year-over-year respectively [23] - The newly created Master Distribution segment contributed $21.4 million in revenue, with the e-Mobility business generating $3.1 million from Nikola's TRE BEV tractors [8][13] Market Data and Key Metrics Changes - Positive trends were noted across major end-user markets in the Material Handling segment, including manufacturing and automotive [10] - Demand for heavy equipment in Florida, particularly articulated hauler trucks and excavators, saw double-digit growth year-over-year [12] - Federal initiatives are expected to extend the cycle with approximately $1 trillion estimated over the next decade for infrastructure projects [16] Company Strategy and Development Direction - The company aims to drive long-term equipment field population and aftermarket support penetration [9] - A disciplined approach to M&A is maintained, with a strong pipeline for accretive acquisitions [17] - The strategy includes expanding dealership networks and entering new end-user markets, particularly in Eastern Canada and the southern U.S. [17][76] Management's Comments on Operating Environment and Future Outlook - Management expressed strong customer sentiment for the remainder of the year, with supply chain constraints easing [16] - The company anticipates continued growth in the e-Mobility sector, particularly with Nikola's products [14][71] - Management remains optimistic about the recycling equipment market, projecting significant growth driven by sustainability trends [13] Other Important Information - The company successfully amended its credit agreements, increasing its ABL facility to $485 million, with additional expansion options available [30][31] - The secondary common stock offering closed in July, increasing liquidity and float in the stock [32] Q&A Session Summary Question: Rental utilization rates and pricing trends - Management noted that rental utilization rates have flattened as the fleet has grown, but they remain optimistic about customer sentiment [34][36] - Rental rates have increased by 6% year-over-year, with expectations for moderation in growth rates [37] Question: Organic growth from recent acquisitions - Management indicated that both Yale Industrial and Ecoverse are expected to contribute to organic growth, with significant opportunities in Eastern Canada [38][41] Question: M&A pipeline activity - Management confirmed that the M&A pipeline remains active, with no change in valuation expectations despite recent transaction inactivity [46][48] Question: Order activity and backlog - Management reported a strong backlog extending into 2024, with some product categories still facing lead time challenges [49][51] Question: Inventory and CapEx outlook - Management expects inventory levels to normalize over the next 12 to 18 months, with a focus on maintaining efficient turnover rates [56][64] Question: Nikola's revenue contribution and growth outlook - Revenue from Nikola is currently reported in the corporate segment, with expectations for incremental growth as retail deliveries increase [66][71]

EARNINGS PRESENTATION SECOND QUARTER 2023 LEGAL DISCLAIMERS Forward-LookingInformation Thispresentationincludes“forward-lookingstatements”withinthemeaningofthe“safeharbor”provisionsofthePrivateSecuritiesLitigationReformActof1995.Alta’sactualresultsmay differfromtheirexpectations,estimatesandprojectionsandconsequently,youshouldnotrelyontheseforward-lookingstatementsaspredictionsoffutureevents.Wordssuchas“expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “cou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ALTA EQUIPMENT GROUP INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) | --- | --- | |----------------|-----------------------| | | | | ...

Alta Equipment Group Inc. (NYSE:ALTG) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Jason Dammeyer - Director-SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Will Jellison - DA Davidson Alex Rygiel - B. Riley Ted Jackson - Northland Securities Bryan Fast - Raymond James Operator Good afternoon, and thank you for attending today's Alta Equipment Group First Quarter 202 ...

EARNINGS PRESENTATION FIRST QUARTER 2023 May 10, 2023 LEGAL DISCLAIMERS Forward-Looking Information This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Alta's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," ...