Overview

* Alta Q3 revenue fell 5.8% yr/yr, missing analyst expectations

* Adjusted EPS missed analyst expectations, reflecting operational challenges

* Product support revenues rose 1.1% yr/yr, showing resilience amid market challenges

Outlook

* Alta expects Q4 demand for heavy earthmoving equipment to gain momentum

* Alta projects 2025 Adjusted EBITDA between $168.0 mln and $172.0 mln

* Alta anticipates entering a fleet replenishment cycle extending into 2026

Result Drivers

* FLEET OPTIMIZATION - Revenue decline in Construction Equipment segment driven by strategic fleet optimization to align supply with demand for rental equipment

* PRODUCT SUPPORT STRENGTH - Product support revenues increased 1.1% yr/yr, supported by strong technician productivity across major segments

* COST SAVINGS - SG&A expenses decreased by $4.7 mln yr/yr due to cost-saving initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $422.60 $456.70

Revenue mln mln (5

Analysts

)

Q3 Miss -$0.35 -$0.27

Adjusted (3

EPS Analysts

)

Q3 EPS -$1.31

Q3 Net -$42.30

Income mln

Q3 Miss $41.70 $46.10

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 $10.00, about 39.3% above its November 5 closing price of $6.07

Press Release:

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(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.)