Alta Equipment Group Inc (NYSE:ALTG)

Q2 2026 Alta Equipment Group Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $7.37 (-1.47%)

Transcript 10-Q8-K

Key Points

Positve

Alta Equipment Group Inc (ALTG) reported a significant sequential improvement in Q2 2026, with revenue up approximately $65 million and adjusted EBITDA up $20.5 million from Q1, indicating a strong recovery.
Material handling bookings in its areas of responsibility increased 12.3% in the first half of 2026, with the backlog reaching approximately $143 million, its highest level since 2023, providing strong visibility for second-half deliveries.
Company-wide new and used equipment gross margins improved to 15.3% during the quarter, reflecting healthier supply-demand dynamics, reduced OEM discounting, and improved used equipment values.
The Ecoverse business delivered one of its strongest quarters since acquisition, with adjusted EBITDA increasing from $1.1 million to $2.8 million year-over-year, as tariff-related margin pressures subsided.
Alta Equipment Group Inc (ALTG) is becoming more capital-efficient, with material handling return on assets improving 120 basis points to 16% and construction segment return on assets improving 60 basis points to 11.4% on a trailing twelve-month basis.

Negative

Revenue remained modestly below prior year levels in Q2 2026, indicating that the recovery is not yet complete and volumes are still working toward historical norms.
The company narrowed its adjusted EBITDA guidance by reducing the upper end of the range by $5 million, reflecting increased visibility into potential timing delays in equipment deliveries and backlog conversion.
There is execution risk related to the cadence of material handling deliveries from OEM partner Hyster-Yale, with some demand potentially leaking into 2027 rather than being recognized in 2026.
The rental fleet utilization rate remains below target at approximately 35%, and management plans to continue paring back the construction rental fleet, indicating underperformance in this area.
Net leverage remains stable at roughly 4.7 times, which is relatively high, and the company is still working through inventory optimization, having to take some skinnier deals to offload balance sheet assets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALTG.N - Alta Equipment Group Inc
Q2 2026 Alta Equipment Group Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and thank you for attending today's Alta Equipment Group's second quarter 2026 earnings conference call. My name is Melissa, and I will be your moderator for today's call. I will now turn the call over to Jason Dammeier, Vice President of Accounting and Reporting. Please proceed.

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Unidentified_2 [2]
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Thank you, Melissa. Good afternoon, everyone, and thank you for joining us today.

A press release detailing Alta's second quarter 2026 financial results was issued this afternoon and is posted on our website, along with a

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