Alta Equipment (US:ALTG)2025-05-07 21:02Q1 2025 Financial Performance - Total revenue decreased by $186 million, a 42% decrease, from $4416 million to $4230 million compared to Q1 2024[13, 30] - Adjusted EBITDA was $336 million, a 15% decrease compared to $341 million in the same period last year[14, 29] - Service gross profit percentage increased by 230 basis points year-over-year, reaching 601%[13, 30] - Selling, General, and Administrative Expenses decreased from $1146 million in Q1 2024 to $1067 million[13] Segment Performance - Construction Equipment segment revenue decreased by $98 million, or 38%, from $2556 million to $2458 million[36, 37] Adjusted EBITDA decreased by 202% to $170 million[36, 37] - Material Handling segment revenue decreased by $164 million, or 94%, from $1743 million to $1579 million[32, 33] Adjusted EBITDA increased by 76% to $156 million[32, 33] - Master Distribution segment revenue increased by $46 million, or 359%, from $128 million to $174 million[40, 41] Adjusted EBITDA increased by 667% to $15 million[40, 41] Capital Allocation and Strategy - The Board of Directors authorized a $10 million increase to the share repurchase program, allocating it immediately to a 10b5-1 plan[14, 63] - The company is suspending the quarterly common stock dividend to redirect approximately $8 million in annual dividend payments to the share repurchase program[63] - FY2025 Adjusted EBITDA guidance is $1715 million - $1865 million, net of divestiture[64, 65]