Alta Equipment Group (ALTG) Q3 2026 earnings summary

Executive summary

• Q3 revenue declined 1.2% YoY to $417.4M; Adjusted EBITDA rose 7.7% to $44.9M, with margin up 90 bps to 10.8%.

• Construction Equipment growth, higher service margins, lower costs and reduced fleet investment supported profitability and cash generation despite weaker Material Handling sales.

• Material Handling bookings and backlog strengthened, but delivery timing shifted some expected revenue into Q1 2027; management described a constructive 2027 setup without formal guidance.

Financial highlights

• Q3 gross profit was $117.3M, down 0.4% YoY; operating income increased to $7.2M from $4.8M.

• Net loss available to common shareholders was $12.2M versus $42.3M in Q3 2025.

• Q3 operating expenses fell $2.9M to $110.1M; interest expense decreased $2.5M YoY to $19.9M.

• Nine-month operating cash flow was $58.8M versus a $0.9M outflow; cash flow after investing activities was $52.8M, a $73.0M YoY improvement.

• Nine-month revenue declined 1.8% to $1,303.4M and Adjusted EBITDA was $121.6M versus $123.8M.

Outlook and guidance

• FY2026 Adjusted EBITDA guidance was reduced to $165M–$170M from $167.5M–$177.5M, mainly due to delayed Material Handling backlog conversion.

• FY2026 free cash flow before rent-to-sell decisioning guidance was lowered to $95M–$105M from $100M–$110M.

• Elevated Material Handling backlog is expected to convert through Q4 and Q1 2027; late-Q4 deliveries may not generate revenue until Q1 after dealer preparation.

• Year-end 2026 total net debt / Adjusted EBITDA guidance is below 4.6x; management expects product support and rental performance to exceed prior-year levels.

• Rental fleet is targeted below $500M by year-end from $508.9M at Q3 close; potential strategic additions are expected to be modest.