Alta Equipment (US:ALTG)2025-11-06 22:00Q3 2025 Financial Results - Total revenue decreased by $26.2 million, a 5.8% decrease, from $448.8 million to $422.6 million compared to Q3 2024[33] - Product support revenue increased by $1.5 million, a 1.1% increase, reaching $141.7 million in Q3 2025 compared to $140.2 million in Q3 2024[13, 33] - Rental revenue declined by $5.3 million, a 9.9% decrease, due to approximately $40.2 million fewer rental fleet assets on average between Q3 2025 and Q3 2024[33] - Selling, General, and Administration (SG&A) expenses decreased by $4.7 million, a 4.2% decrease, compared to Q3 2024[14, 33] - Adjusted EBITDA was $41.7 million, with an Adjusted EBITDA margin of 9.9%, a 0.3% increase from Q3 2024[14, 33] Segment Performance - Construction segment revenue decreased by $20.7 million from $262.3 million to $241.6 million, a 7.9% decrease[13, 41] - Material Handling segment revenue decreased by $1.0 million from $168.9 million to $167.9 million, a 0.6% decrease[13, 36] - Master Distribution segment revenue decreased by $3.2 million from $18.2 million to $15.0 million, a 17.6% decrease[45] Capital Structure and Strategy - The company has an uncapped liquidity of $265 million as of September 30, 2025[61] - The company amended its ABL facility to increase borrowing capacity and extend the maturity from 12/31/2025 to March of 2029 and raised $500 million in Senior Secured Second Lien Notes effectively maturing in June 2029[63] FY2025 Guidance - The company projects Adjusted EBITDA to be between $168.0 million and $172.0 million[73] - The company projects Free Cash Flow before RTS Decisioning to be between $105.0 million and $110.0 million[73]