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. Management believes Alta is well positioned to convert improving demand into profitable growth while prioritizing cash generation and leverage reduction.