Alta Equipment (US:ALTG)2025-08-07 21:00Financial Performance - Q2 2025 - Total revenue decreased by $6.9 million, a (1.4)% decrease, from $488.1 million to $481.2 million compared to Q2 2024[29] - New and used equipment sales increased by $14.2 million, or 5.6%, totaling $265.6 million[13, 28] - Adjusted EBITDA was $48.5 million, compared to $50.3 million in the same quarter last year, a (3.6)% decrease[14, 28] - Product support revenue decreased by $3.7 million, or (2.6)%, from $144.2 million to $140.5 million[29] Segment Performance - Q2 2025 - Material Handling segment revenue decreased by $14.9 million, or (8.5)%, from $175.6 million to $160.7 million[32] - Construction Equipment segment revenue increased by $5.8 million, or 2.0%, from $294.9 million to $300.7 million[36] - Master Distribution segment revenue increased by $4.2 million, or 25.1%, from $16.7 million to $20.9 million[39] Rental Fleet and Capital Allocation - Total rental fleet decreased from $617.2 million to $569.5 million, a decrease of $(47.7) million[42] - The company completed the sale of non-core aerial equipment business for $18 million in cash proceeds and a $4.3 million gain on sale[59] - The company repurchased approximately 1.13 million shares (~3.4% of shares outstanding) at an average price of $5.64 in Q2 2025[59] FY 2025 Guidance - Adjusted EBITDA guidance is $171.5 million - $181.5 million[60] - Free Cash Flow before RTS Decisioning guidance is $105.0 million - $115.0 million[60]