Alta Equipment Group (ALTG) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $475.5 million, up $65 million sequentially but down 1.2% year-over-year, with all segments reporting sequential growth and signs of recovery in core end markets.

• Adjusted EBITDA for Q2 2026 was $48.6 million (10.2% margin), nearly flat year-over-year but up $20.5 million sequentially.

• Net loss for Q2 2026 was $7.5 million, with basic and diluted net loss per share of $0.25.

• Operating initiatives focused on organic growth, efficiency, and capital allocation, with a long-term vision for >$200 million Adjusted EBITDA and >$1.4 billion equipment sales by 2028.

• Industry fundamentals are improving, supported by high industrial and infrastructure spending, healthy manufacturing, and strong construction job growth.

Financial highlights

• Q2 2026 revenue was $475.5 million, up $65 million sequentially but down 1.2% year-over-year; adjusted EBITDA reached $48.6 million.

• Gross profit margin improved to 26.1% from 25.4% in Q2 2025; EBITDA margin rose to 10.2%.

• Rental revenues increased $6.3 million sequentially (16.3%), with service gross profit margin up 160 bps year-over-year to 61.4%.

• Net cash provided by operating activities was $26.1 million year-to-date.

• Interest expense decreased $2.8 million year-over-year to $19.5 million.

Outlook and guidance

• Adjusted EBITDA guidance for 2026 narrowed to $167.5–$177.5 million, reflecting improved visibility but recognizing execution risk in equipment delivery timing.

• Free cash flow before rent to sell decisioning reaffirmed at $100–$110 million for the year.

• Management expects stronger invoicing activity in the second half of 2026, supported by healthy backlog and improved bookings.

• Guidance adjustment reflects timing of equipment deliveries, not underlying demand.

• Product support and rental performance expected to improve through year-end, driven by technician productivity and fleet management.