Alta Equipment Group(NYSE) ALTG

Alta Equipment Group Inc. sells and rents heavy machinery. It helps companies build infrastructure and move heavy products. The firm provides parts and repairs to keep machines working.

What Alta Moves and Builds

• New and Used Equipment: Sales of specialized machinery like lift trucks and earthmovers; accounted for 55.2% of revenue in the three months ended June 30, 2026.
• Parts Sales: Distribution of replacement components for machinery; made up 15.9% of revenue in the three months ended June 30, 2026.
• Service Revenues: Repair and maintenance work for customer machines; contributed 13.4% of revenue in the three months ended June 30, 2026.
• Rental Revenues: Daily, weekly, or monthly machinery rentals; represented 9.4% of revenue in the three months ended June 30, 2026.
• Rental Equipment Sales: Sales of units from the rental fleet; provided 6.1% of revenue in the three months ended June 30, 2026.

Strategic Moves and Expansion

• Acquired Les Chariots Elevateurs Du Quebec Inc. during the six months ended June 30, 2025.
• Divested its aerial fleet rental business in Illinois during the six months ended June 30, 2025.
• Sold aged and underutilized fleet assets throughout the first half of 2026 to optimize asset returns.

Why Customers Choose Alta

Alta operates more than 80 locations across North America to serve regional industrial needs. It holds exclusive distribution rights for major brands like Hyster-Yale, Volvo, and JCB. Skilled service technicians make up approximately 43% of the total staff.

A Look at the Numbers

• Total revenues were $886.0 million for the six months ended June 30, 2026, down 2.0% year over year.
• Service gross margins increased to 61.4% in the three months ended June 30, 2026, up 160 basis points year over year.
• Adjusted EBITDA was $76.7 million for the six months ended June 30, 2026, down 6.6% year over year.
• The rental fleet had an original acquisition cost of $517.1 million as of June 30, 2026.

The Long View

Alta has grown from a local dealer into a broad equipment platform in the United States and Canada. Its focus on high-margin parts and service revenue provides a steady base as it manages machinery sales cycles.