EX-99.1 2 altg-ex99_1.htm EX-99.1 EX-99.1 ALTA EQUIPMENT GROUP INC. EARNINGS PRESS RELEASE Exhibit 99.1 Alta Equipment Group Announces First Quarter 2026 Financial Results First Quarter Financial Highlights: • Total revenues decreased $12.5 million year over year to $410.5 million. On an organic basis*, revenues decreased $8.6 million year over year, or 2.1% • Material Handling revenues decreased $7.4 million year over year to $150.5 million, while Construction Equipment and Master Distribution revenues decreased a combined $1.8 million year over year to $261.4 million. On an organic basis*, Material Handling and Construction Equipment segment revenues were down $4.7 million and $0.3 million year over year, respectively • Material Handling and Construction Equipment segments new and used equipment sales gross profit margins both remained stable year over year at 19.6% and 11.7%, respectively, and improved notably on a sequential basis • Service gross profit percentage increased 10 basis points year over year to 60.2% • Interest expense decreased $2.4 million year over year to $19.5 million in the quarter • Rental equipment sales increased 44.5% year over year to $30.…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Alta Equipment Group Inc.
ALTGNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.* On May 7, 2026, Alta Equipment Group Inc. (“Alta” or the “Company”) issued a press release announcing its results of operations and financial condition for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
Company context
Alta owns and operates one of the largest integrated equipment dealership platforms in North America. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, concrete and asphalt paving equipment, other construction equipment, and allied products. Alta has operated as an equipment dealership for 42 years and has over 80 total locations across Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida, and the Canadian provinces of Ontario, New Brunswick, and Quebec. Alta offers its customers a one-stop shop for their equipment needs through its broad, industry-leading product portfolio. More information can be found at www.altg.com.
Current securities
Recent company filings
- 10-Q filingAug 6, 2026
- Results of Operations and Financial Condition · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsAug 6, 2026
- SCHEDULE 13G - filed by CastleKnight Master Fund LP regarding ALTA EQUIPMENT GROUP INC.Jul 10, 2026
- Other EventsJul 2, 2026
- S-8 filingJun 9, 2026