Overview

* Alta Q2 revenue falls $6.9 mln yr/yr to $481.2 mln, beats estimates

* Adjusted EPS of $(0.11) beats expectations, per LSEG data

* Adjusted EBITDA rises to $48.5 mln, exceeding analyst forecasts

Outlook

* Alta updates 2025 Adjusted EBITDA guidance to $171.5 mln-$181.5 mln

* Company expects Material Handling sales to remain stable for rest of 2025

* Alta sees stable demand for heavy earthmoving machines

* Company anticipates normalized margins with stable US-EU trade relations

Result Drivers

* CONSTRUCTION SEASON - Sequential revenue increase driven by construction season in northern regions, per CEO Ryan Greenawalt

* TARIFF IMPACT - Tariffs on European imports pressured margins in the Master Distribution segment

* REGIONAL SOFTNESS - Material Handling revenues declined due to market hesitancy and regional softness in the Midwest and Canada

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $481.20 $478.60

Revenue mln mln (5

Analysts

)

Q2 Beat -$0.11 -$0.26

Adjusted (4

EPS Analysts

)

Q2 EPS -$0.21

Q2 Net -$6.80

Income mln

Q2 Beat $48.50 $46.50

Adjusted mln mln (4

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 ( ALTG ) is $8.00, about 8.3% above its August 6 closing price of $7.34

Press Release:

(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.)