Alta Equipment (US:ALTG)2023-11-11 17:34Financial Performance - Total revenue increased by 15.1% to $466.2 million compared to Q3 2022[10] - New and Used Equipment Sales Grew 20.7% to $253.6 million[10] - Adjusted EBITDA Grew 15.9% to $51.0 million compared to $44.0 million last year[10] - YTD Economic EBIT increased 15.3% or $12.7 million, from $82.7 million to $95.4 million[10] - Consolidated organic revenue grew $37.9 million, or 9.5%[29] - Revenue grew 18.6% to $1,355.3 million YTD; Organic revenue grew by $120.8 million or 10.6%[30] Market and Growth Strategy - M&A activity since public offering added $537 million in total revenue value and $65 million in EBITDA at accretive valuation multiples[16] - The company initiated a share repurchase program in July 2022[46] Balance Sheet and Liquidity - Uncapped Liquidity of $207 million as of September 30, 2023[36] - $305 million outstanding balance under $485 million ABL facility as of September 30, 2023[36] FY2023 Guidance - Increased FY2023 Adjusted EBITDA guidance from $180.0 - $188.0 million to $187.0 - $192.0 million[51]