Alta Equipment (US:ALTG)2020-11-13 19:14Q3 2020 Performance Highlights - Net revenue increased by 47.3% to $220.6 million from $149.8 million in the prior year quarter[8] - Adjusted EBITDA was $21.9 million for the quarter, representing a 9.9% EBITDA margin on $220.6 million in revenue[22] - Parts inventory of approximately $37 million[20] Acquisitions and Expansion - Added approximately 70 technicians in the quarter[9] - Martin Implement Sales was acquired on September 1, 2020[10] - Howell Tractor and Equipment was acquired on October 30, 2020[11] Financial Position - Approximately $150 million in available liquidity at Q3 2020[22] - LTM 9/30/2020 Adjusted proforma EBITDA of $91.8 million[22] - LTM 9/30/2020 Adjusted proforma Economic EBIT of $51.8 million[22] COVID-19 Impact and Recovery - Technician labor hours stabilized in mid-April at approximately 70% of Pre CV-19 levels[25] - $11 million quarter over quarter growth in organic parts and service revenue, representing 19% quarter over quarter growth in high margin departments[22]