--- title: "Alta Equipment | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 475.5 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295143939.md" datetime: "2026-08-06T21:06:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295143939.md) - [en](https://longbridge.com/en/news/295143939.md) - [zh-HK](https://longbridge.com/zh-HK/news/295143939.md) generator: "portal-rs" --- # Alta Equipment | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 475.5 M Revenue: As of FY2026 Q2, the actual value is USD 475.5 M, missing the estimate of USD 488.7 M. EPS: As of FY2026 Q2, the actual value is USD -0.25, beating the estimate of USD -0.2575. EBIT: As of FY2026 Q2, the actual value is USD 31.5 M. #### Total Revenues Alta Equipment Group Inc. reported total revenues of $475.5 million for the second quarter of 2026, a decrease of $5.7 million year-over-year. Sequentially, total revenues increased by $65.0 million compared to the first quarter of 2026, with all three segments showing increases. On an organic basis, revenues decreased by $1.1 million year-over-year, or 0.2%. #### Segment Revenue Performance - Construction Equipment segment revenue increased by $53.7 million sequentially versus the first quarter of 2026. - Rental revenues increased by $6.3 million sequentially, or 16.3%, versus the first quarter of 2026. #### Gross Profit and Margins - New and used equipment sales gross profit margin increased by 130 basis points year-over-year. - Master Distribution equipment sales gross profit margin increased by 760 basis points year-over-year. - Service gross profit percentage increased by 160 basis points year-over-year to 61.4%. - Gross profit for the three months ended June 30, 2026, was $124.2 million, an increase of $1.9 million or 1.6% from $122.3 million in the prior year period. - For the six months ended June 30, 2026, gross profit was $233.5 million, a decrease of - $3.8 million or -1.6% from $237.3 million in the prior year period. #### Operating Expenses - Selling, general and administrative expenses for the three months ended June 30, 2026, were $105.6 million, an increase of $3.3 million or 3.2% from $102.3 million in the prior year period. - For the six months ended June 30, 2026, these expenses were $213.8 million, an increase of $4.8 million or 2.3% from $209.0 million in the prior year period. - Non-rental depreciation and amortization for the three months ended June 30, 2026, was $6.6 million, a decrease of - $1.0 million or -13.2% from $7.6 million in the prior year period. - For the six months ended June 30, 2026, these expenses were $13.4 million, a decrease of - $1.7 million or -11.3% from $15.1 million in the prior year period. - Total operating expenses for the three months ended June 30, 2026, were $112.2 million, an increase of $2.3 million or 2.1% from $109.9 million in the prior year period. - For the six months ended June 30, 2026, these expenses were $227.2 million, an increase of $3.1 million or 1.4% from $224.1 million in the prior year period. #### Income from Operations - Income from operations for the three months ended June 30, 2026, was $12.0 million, a decrease of - $0.4 million or -3.2% from $12.4 million in the prior year period. - For the six months ended June 30, 2026, income from operations was $6.3 million, a decrease of - $6.9 million or -52.3% from $13.2 million in the prior year period. #### Other (Expense) Income - Interest expense decreased by $2.8 million year-over-year to $19.5 million in the quarter. - Total other expense, net for the three months ended June 30, 2026, was - $19.9 million, an increase of - $2.7 million or 15.7% from - $17.2 million in the prior year period. - For the six months ended June 30, 2026, total other expense, net was - $37.5 million, a decrease of $0.7 million or -1.8% from - $38.2 million in the prior year period. #### Net Loss and Adjusted EBITDA - Net loss available to common stockholders for the second quarter of 2026 was - $8.2 million. - For the six months ended June 30, 2026, net loss available to common stockholders was - $28.5 million. - Adjusted basic and diluted pre-tax net loss per share for the second quarter of 2026 was - $0.04, an improvement of $0.19 per share versus the prior year. - Adjusted EBITDA increased by $0.1 million year-over-year to $48.6 million. It also increased by $20.5 million sequentially versus the first quarter of 2026. - For the six months ended June 30, 2026, Adjusted EBITDA was $76.7 million, a decrease of - $5.4 million or -6.6% from $82.1 million in the prior year period. #### Balance Sheet Metrics - Rental fleet, gross book value decreased by $50.3 million year-over-year to $519.2 million. - Cash at June 30, 2026, was $20.9 million, compared to $18.6 million at December 31, 2025. - Total assets at June 30, 2026, were $1,322.5 million, down from $1,336.3 million at December 31, 2025. - Total liabilities at June 30, 2026, were $1,358.7 million, up from $1,345.1 million at December 31, 2025. - Total stockholders’ equity (deficit) at June 30, 2026, was - $36.2 million, compared to - $8.8 million at December 31, 2025. #### Cash Flow from Operating Activities - Net cash provided by operating activities year-to-date was $26.1 million. For the six months ended June 30, 2026, net cash provided by operating activities was $26.1 million, compared to net cash used in operating activities of - $3.4 million for the six months ended June 30, 2025. - Net cash used in investing activities for the six months ended June 30, 2026, was - $4.0 million, compared to - $8.4 million for the same period in 2025. - Net cash used in financing activities for the six months ended June 30, 2026, was - $19.6 million, compared to net cash provided by financing activities of $11.4 million for the same period in 2025. #### Outlook / Guidance Alta Equipment Group Inc. tightened its guidance range for the full year 2026, now expecting Adjusted EBITDA between $167.5 million and $177.5 million. The company is encouraged by improving booking trends, growing backlog levels, and favorable long-term fundamentals. 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