Alta Equipment (US:ALTG) Globenewswireยท2025-08-07 20:15Core Insights - Alta Equipment Group Inc. reported total revenues of $481.2 million for Q2 2025, reflecting a sequential increase of 13.8% but a year-over-year decrease of $6.9 million [4][3] - The Construction Equipment segment saw revenues rise to $300.7 million, an increase of $5.8 million year-over-year, primarily driven by a $21.5 million increase in new and used equipment sales [3][4] - Material Handling revenues decreased to $160.7 million from $175.6 million year-over-year, attributed to regional market challenges and tariff-related hesitancy [3][4] Financial Performance - Adjusted EBITDA for the quarter increased by $14.9 million sequentially to $48.5 million [4][3] - The net loss available to common stockholders was $(6.8) million, with a basic and diluted net loss per share of $(0.21) [4][3] - Selling, general, and administrative expenses were reduced by $12.2 million year-over-year, contributing to improved operational efficiency [4][3] Market Conditions - The company noted that its Construction Equipment segment benefited from reliable demand due to federal and state infrastructure projects, despite broader economic uncertainties [3][4] - The Material Handling segment's performance was impacted by market hesitancy related to tariffs and regional softness, particularly in the Midwest and Canada [3][4] - Alta's Ecoverse business faced margin pressure due to tariffs on European imports, although demand for environmental processing equipment remains strong [3][4] Strategic Initiatives - The company repurchased 1,145,604 shares of common stock for an average price of $5.64 per share, totaling $6.5 million as part of its capital allocation strategy [3][5] - Alta continues to optimize its rental fleet levels, reducing the original equipment cost of its rental fleet by nearly $50 million from a year ago [3][4] - The company expects to report Adjusted EBITDA between $171.5 million and $181.5 million for the full fiscal year 2025 [6]