$ALTG
ALTA EQUIPMENT GROUP INC.

2023 Q4 Form 10-Q Financial Statement

#000095017023061146 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $521.5M $466.2M
YoY Change 21.68% 15.11%
Cost Of Revenue $388.5M $340.1M
YoY Change 22.25% 15.92%
Gross Profit $133.0M $126.1M
YoY Change 20.04% 12.99%
Gross Profit Margin 25.5% 27.05%
Selling, General & Admin $114.3M $106.8M
YoY Change 18.57% 13.38%
% of Gross Profit 85.94% 84.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.50M $35.00M
YoY Change 18.12% 18.24%
% of Gross Profit 27.44% 27.76%
Operating Expenses $120.8M $112.2M
YoY Change 19.25% 14.61%
Operating Profit $12.20M $13.90M
YoY Change 28.42% 1.46%
Interest Expense -$16.10M $15.20M
YoY Change 54.81% 78.82%
% of Operating Profit -131.97% 109.35%
Other Income/Expense, Net $2.500M -$13.80M
YoY Change 257.14% 66.27%
Pretax Income -$1.400M $100.0K
YoY Change 600.0% -98.15%
Income Tax $500.0K -$7.300M
% Of Pretax Income -7300.0%
Net Earnings -$2.700M $7.400M
YoY Change 80.0% 45.1%
Net Earnings / Revenue -0.52% 1.59%
Basic Earnings Per Share $0.21
Diluted Earnings Per Share -$0.08 $0.20
COMMON SHARES
Basic Shares Outstanding 32.37M 32.37M
Diluted Shares Outstanding 32.73M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.00M $1.400M
YoY Change 1048.15% -33.33%
Cash & Equivalents $31.00M $1.400M
Short-Term Investments
Other Short-Term Assets $27.00M $31.00M
YoY Change -3.91% 11.11%
Inventory $530.7M $492.8M
Prepaid Expenses
Receivables $249.3M $259.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $838.0M $784.3M
YoY Change 26.34% 34.78%
LONG-TERM ASSETS
Property, Plant & Equipment $575.7M $447.6M
YoY Change 52.38% 21.86%
Goodwill $76.70M $71.10M
YoY Change 10.84% 32.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.20M $17.00M
YoY Change 136.67% 553.85%
Total Long-Term Assets $732.9M $696.1M
YoY Change 16.83% 24.15%
TOTAL ASSETS
Total Short-Term Assets $838.0M $784.3M
Total Long-Term Assets $732.9M $696.1M
Total Assets $1.571B $1.480B
YoY Change 21.72% 29.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $97.00M $89.60M
YoY Change 6.83% 4.07%
Accrued Expenses $75.60M $53.40M
YoY Change 37.21% 0.56%
Deferred Revenue
YoY Change
Short-Term Debt $397.3M $364.5M
YoY Change 54.71% 73.41%
Long-Term Debt Due $7.700M $6.600M
YoY Change 83.33% 83.33%
Total Short-Term Liabilities $635.1M $569.8M
YoY Change 34.78% 37.24%
LONG-TERM LIABILITIES
Long-Term Debt $659.3M $312.0M
YoY Change 111.86% 0.39%
Other Long-Term Liabilities $119.1M $11.40M
YoY Change 576.7% 500.0%
Total Long-Term Liabilities $778.4M $323.4M
YoY Change 136.74% 3.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $635.1M $569.8M
Total Long-Term Liabilities $778.4M $323.4M
Total Liabilities $1.421B $1.333B
YoY Change 23.5% 33.04%
SHAREHOLDERS EQUITY
Retained Earnings -$76.40M -$71.80M
YoY Change 2.96% 1.41%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.900M $5.900M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $149.7M $147.5M
YoY Change
Total Liabilities & Shareholders Equity $1.571B $1.480B
YoY Change 21.72% 29.56%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$2.700M $7.400M
YoY Change 80.0% 45.1%
Depreciation, Depletion And Amortization $36.50M $35.00M
YoY Change 18.12% 18.24%
Cash From Operating Activities $83.20M $14.40M
YoY Change 980.52% -3.36%
INVESTING ACTIVITIES
Capital Expenditures $17.90M $19.90M
YoY Change -40.13% -287.74%
Acquisitions
YoY Change
Other Investing Activities -$44.30M -$100.0K
YoY Change -5.74% -99.73%
Cash From Investing Activities -$62.20M -$20.00M
YoY Change -19.12% -58.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.100M 4.100M
YoY Change -86.93% -88.32%
NET CHANGE
Cash From Operating Activities 83.20M 14.40M
Cash From Investing Activities -62.20M -20.00M
Cash From Financing Activities 9.100M 4.100M
Net Change In Cash 30.10M -1.500M
YoY Change 7425.0% -188.24%
FREE CASH FLOW
Cash From Operating Activities $83.20M $14.40M
Capital Expenditures $17.90M $19.90M
Free Cash Flow $65.30M -$5.500M
YoY Change -394.14% -121.57%

Facts In Submission

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us-gaap Profit Loss
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altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
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altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
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altg Imputed Interest
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altg Imputed Interest
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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200000
altg Gain Loss On Sale Of Rental Equipment
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24200000
altg Gain Loss On Sale Of Rental Equipment
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altg Provision For Inventory Obsolescence
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altg Provision For Inventory Obsolescence
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us-gaap Increase Decrease In Inventories
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altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
90700000
altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
105100000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5500000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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altg Increase Decrease In Manufacturers Floor Plans Payable
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altg Increase Decrease In Manufacturers Floor Plans Payable
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altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
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altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
30500000
altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
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altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
48700000
altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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altg Payments Proceeds From Guaranteed Purchase Obligations Expenditures
PaymentsProceedsFromGuaranteedPurchaseObligationsExpenditures
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altg Payments Proceeds From Guaranteed Purchase Obligations Expenditures
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us-gaap Proceeds From Long Term Lines Of Credit
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altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
197000000
altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
187300000
altg Proceeds From Non Manufacturer Floor Plan Payable
ProceedsFromNonManufacturerFloorPlanPayable
148300000
altg Proceeds From Non Manufacturer Floor Plan Payable
ProceedsFromNonManufacturerFloorPlanPayable
98800000
altg Payments On Non Manufacturer Floor Plan Payable
PaymentsOnNonManufacturerFloorPlanPayable
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altg Payments On Non Manufacturer Floor Plan Payable
PaymentsOnNonManufacturerFloorPlanPayable
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altg Common Stock Dividends Paid And Declared
CommonStockDividendsPaidAndDeclared
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altg Common Stock Dividends Paid And Declared
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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500000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16100000
CY2023Q3 altg Contract With Customer Assets
ContractWithCustomerAssets
5600000
CY2022Q4 altg Contract With Customer Assets
ContractWithCustomerAssets
3600000
CY2023Q3 us-gaap Deferred Revenue Revenue Recognized1
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altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
143000000
altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
101000000
us-gaap Interest Paid Net
InterestPaidNet
33800000
us-gaap Interest Paid Net
InterestPaidNet
15200000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
400000
us-gaap Nature Of Operations
NatureOfOperations
<p id="note_1_organization_nature_operations" style="text-indent:0;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">NOTE 1 — ORGANIZATION A</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">ND NATURE OF OPERATIONS</span></p><p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Nature of Operations</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:8pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Alta Equipment Group Inc. and its subsidiaries (“Alta” or the “Company”) are engaged in the sale, service, and rental of material handling, construction, and environmental processing equipment in the states of Michigan, Illinois, Indiana, Ohio, New York (including New York City in our Material Handling segment), Virginia, Massachusetts, Maine, New Hampshire, Vermont, Connecticut, Rhode Island, Nevada, and Florida as well as the Canadian provinces of Quebec and Ontario. Unless the context otherwise requires, the use of the terms “the Company”, “we”, “us,” and “our” in these notes to the condensed consolidated financial statements refers to Alta Equipment Group Inc. and its consolidated subsidiaries.</span></p><p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Basis of Presentation</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The accompanying unaudited interim condensed consolidated financial statements include the consolidated accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). In our opinion, all adjustments, consisting of all normal and recurring adjustments, considered necessary for a fair presentation of our condensed consolidated cash flows, statements of operations, and balance sheets for the periods presented have been included</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. These unaudited condensed consolidated financial statements should be read in conjunction with the 2022 Form 10-K. All intercompany transactions and balances have been eliminated in the preparation of the condensed consolidated financial statements.</span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.</span></p>
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466200000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
405000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1355300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1143200000
us-gaap Deferred Revenue Revenue Recognized1
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CY2022Q3 us-gaap Deferred Revenue Revenue Recognized1
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1300000
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
11800000
CY2023Q3 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
337800000
CY2022Q4 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
258500000
CY2023Q3 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
62800000
CY2022Q4 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
59000000.0
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
9700000
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InventoryWorkInProcess
8600000
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InventoryPartsGross
91000000
CY2022Q4 altg Inventory Parts Gross
InventoryPartsGross
78800000
CY2023Q3 us-gaap Inventory Gross
InventoryGross
501300000
CY2022Q4 us-gaap Inventory Gross
InventoryGross
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CY2023Q3 us-gaap Inventory Valuation Reserves
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CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2023Q3 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Inventory Net
InventoryNet
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CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1800000
CY2022Q4 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1800000
CY2023Q3 altg Rental Depreciation Expense
RentalDepreciationExpense
3100000
CY2022Q3 altg Rental Depreciation Expense
RentalDepreciationExpense
2300000
altg Rental Depreciation Expense
RentalDepreciationExpense
8700000
altg Rental Depreciation Expense
RentalDepreciationExpense
5400000
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
689100000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
596300000
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
241500000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218500000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
447600000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
377800000
CY2023Q3 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
40800000
CY2022Q4 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
24400000
CY2023Q3 altg Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
9100000
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FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
5400000
CY2023Q3 altg Gpo Assets
GPOAssets
9500000
CY2022Q4 altg Gpo Assets
GPOAssets
11800000
CY2022Q4 us-gaap Goodwill
Goodwill
69200000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1000000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-100000
CY2023Q3 us-gaap Goodwill
Goodwill
71100000
CY2023Q3 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
73700000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
19400000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54300000
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y8M12D
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
73700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13000000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60700000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022Q3 us-gaap Amortization Of Intangible Assets
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us-gaap Debt Instrument Description
DebtInstrumentDescription
On April 1, 2021, the Company completed a private offering of Senior Secured Second Lien Notes (the “Notes”), for the purposes of, among other things, repayment and refinancing of a portion of the Company’s prior existing debt, reducing interest rate exposure and providing liquidity for financing of future growth initiatives.
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CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2023Q3 us-gaap Finance Lease Interest Expense
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CY2023Q3 us-gaap Lease Cost
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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P9Y
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CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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0.102
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CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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6300000
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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2200000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24200000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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16100000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
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CY2023Q3 altg Lessee Operating Lease Liability To Be Paid After Year Four
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CY2023Q3 altg Finance Lease Liability Payments Due In Rolling After Year Four
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CY2023Q3 us-gaap Finance Lease Liability Payments Due
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CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2023Q3 us-gaap Long Term Debt Current
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6600000
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CY2023Q3 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q3 us-gaap Finance Lease Liability Noncurrent
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
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15400000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q3 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
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CY2022Q4 altg Operating And Finance Lease Liability
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CY2023Q3 altg Undiscounted Future Lease Payments Pertaining To Leases That Were Executed But Not Yet Commenced
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3200000
CY2023Q3 us-gaap Lessee Operating Lease Term Of Contract
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P10Y
CY2023Q3 altg Accrued Guarantees
AccruedGuarantees
0
CY2022Q4 altg Accrued Guarantees
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0
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7300000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6900000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.769
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.074
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
466200000
CY2023Q3 us-gaap Interest Expense
InterestExpense
15200000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35000000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
100000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1355300000
us-gaap Interest Expense
InterestExpense
40900000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
96100000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3900000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
405000000
CY2022Q3 us-gaap Interest Expense
InterestExpense
8500000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
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29600000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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5400000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1143200000
us-gaap Interest Expense
InterestExpense
21400000
us-gaap Depreciation Depletion And Amortization
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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10800000
CY2023Q2 us-gaap Assets
Assets
1480400000
CY2022Q4 us-gaap Assets
Assets
1290600000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6700000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4400000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8600000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7800000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32368112
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31981843
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32320346
us-gaap Weighted Average Number Of Shares Outstanding Basic
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32091353
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
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0.24
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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6700000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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4400000
us-gaap Net Income Loss Available To Common Stockholders Diluted
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8600000
us-gaap Net Income Loss Available To Common Stockholders Diluted
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7800000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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32368112
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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32320346
us-gaap Weighted Average Number Of Shares Outstanding Basic
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32091353
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
361405
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
157109
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
310736
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
198774
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32729517
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32138952
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32631082
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32290127
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.2
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
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0.24
ecd Trd Arr Adoption Date
TrdArrAdoptionDate
May 15, 2023
ecd Trd Arr Ind Name
TrdArrIndName
Craig Brubaker
ecd Trd Arr Ind Title
TrdArrIndTitle
Chief Operating Officer
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q3 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
43525

Files In Submission

Name View Source Status
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altg-20230930_lab.xml Edgar Link unprocessable
altg-20230930_pre.xml Edgar Link unprocessable
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altg-20230930.htm Edgar Link pending
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altg-20230930_cal.xml Edgar Link unprocessable
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