Alta Equipment Q1 revenue falls 3%, misses analyst estimates

Alta Equipment

07/05/2026 21:37

Overview

US equipment dealership's Q1 revenue fell 3% yr/yr, missing analyst expectations

Q1 adjusted EBITDA declined 16.4% yr/yr and missed analyst expectations

Company cites harsh winter and delayed construction season for revenue decline

Outlook

Company expects 2026 Adjusted EBITDA between $167.5 mln and $182.5 mln

Alta expects Material Handling segment equipment sales in 2026 to outperform 2025

Company sees strong quoting activity and demand for heavy earthmoving equipment in south Florida

Result Drivers

WEATHER IMPACT - Co said harsh winter weather and delayed construction season hurt service and rental operations

RENTAL FLEET OPTIMIZATION - Increased rental equipment sales as part of fleet optimization strategy, generating $26.3 mln in sales

MATERIAL HANDLING BOOKINGS - Material Handling segment bookings for lift trucks rose 12.7% yr/yr, with March 2026 the highest since June 2023

Company press release: ID:nGNX9ZKpDL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$410.5 mln
$424.18 mln (5 Analysts)
Q1 EPS
-$0.62
Q1 Net Income
-$20.3 mln
Q1 Adjusted EBITDA
Miss
$28.1 mln
$31.06 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Alta Equipment Group Inc is $9.50, about 14.5% above its May 6 closing price of $8.30

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)