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Asset logo for symbol ALTG
Alta Equipment Group
ALTG61
$7.49arrow_drop_down1.84%-$0.14
High Dividend
Asset logo for symbol ALTG
ALTG61

$7.49

arrow_drop_down1.84%

Income Statement (ALTG)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$6.50M$10.30M$0.00$12.20M$15.30M
EBITDA$44.30M$48.30M$34.00M$48.70M$50.30M
gross Profit$124.60M$132.00M$113.70M$126.50M$126.10M
NET Income-$27.70M-$11.90M-$11.90M-$1.90M$7.40M
total Revenue$448.80M$488.10M$441.60M$521.50M$466.20M

Balance Sheet (ALTG)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$1.21B$1.24B$1.19B$1.15B$1.12B
stockholders Equity$95.70M$125.20M$136.90M$149.70M$147.50M
total Assets$1.54B$1.59B$1.56B$1.57B$1.48B
total Debt$1.23B$1.25B$1.19B$1.18B$1.12B
total Liabilities$1.45B$1.46B$1.42B$1.42B$1.33B

Cash Flow (ALTG)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$22.40M$27.50M$5.00M$33.70M$4.10M
free Cash Flow$23.90M-$29.60M-$29.60M$41.30M-$4.50M
investing Cash Flow-----$60.60M
operating Cash Flow$43.10M-$9.10M-$12.30M$58.60M$14.40M

Alta Equipment Group (ALTG) Financials

The income statement of Alta Equipment Group Inc (ALTG) provides a comprehensive summary of the company's financial performance. It showcases the revenue, expenses, and the resulting net income. For the latest reporting period, Alta Equipment Group Inc reported a total revenue of $856 million, indicating a strong performance in generating sales. The company's gross profit, which is the revenue minus the cost of goods sold, amounted to $153 million. This shows that Alta Equipment Group Inc was able to efficiently manage its production costs.
Earnings before interest and taxes (EBIT) is a key financial metric that indicates a company's profitability by excluding the impact of interest and taxes. Alta Equipment Group Inc reported an EBIT of $23 million for the period under review. This demonstrates the company's ability to generate operating income before accounting for interest expenses and taxes. Further analyzing Alta Equipment Group Inc's profitability, we can look at its earnings before interest, taxes, depreciation, and amortization (EBITDA) which amounted to $67 million. EBITDA provides a more comprehensive view of a company's profitability by adding back non-cash expenses, such as depreciation and amortization.
The net income from stockholders refers to the portion of Alta Equipment Group Inc's earnings that is available for distribution to its stockholders after deducting expenses and taxes. The net income from stockholders for the reporting period was $14 million, indicating profitability and the potential for dividends or reinvestment into the company for further growth. Alta Equipment Group Inc's balance sheet provides a snapshot of its financial position. The company's total assets, including cash equivalents and other tangible and intangible assets, amounted to $1.2 billion. This demonstrates the company's substantial financial resources and potential for expansion.
Examining Alta Equipment Group Inc's liabilities, we find that the company has a total debt of $410 million. This includes both short-term and long-term debt, which the company must repay over time. However, it is important to note that Alta Equipment Group Inc's stockholders' equity stands at $620 million, which is the portion of the company's assets that belongs to its stockholders. This indicates that the company has a strong capital base and a lower risk of insolvency. Additionally, analyzing Alta Equipment Group Inc's cash flow is crucial in understanding its financial performance and liquidity.
The company's cash flow statement reveals how cash moves through Alta Equipment Group Inc's operations, investments, and financing activities. The operating cash flow amounted to $47 million, demonstrating the company's ability to generate cash from its day-to-day operations. The investing cash flow shows Alta Equipment Group Inc's investment activities, such as acquisitions or capital expenditures, which amounted to $25 million. The financing cash flow indicates the funds raised or paid through activities such as issuing or repurchasing stock or taking on debt. For Alta Equipment Group Inc, the financing cash flow amounted to $2 million.
Furthermore, analyzing the company's free cash flow is crucial as it represents the cash generated by the business after accounting for capital expenditures required to maintain or expand its asset base. Alta Equipment Group Inc reported a free cash flow of $22 million, demonstrating its ability to generate excess cash for potential investments or returning value to shareholders. Understanding Alta Equipment Group Inc's financials and the key metrics outlined above provides valuable insights into the company's financial performance and position.
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