$ALTG
ALTA EQUIPMENT GROUP INC.

2024 Q2 Form 10-Q Financial Statement

#000095017024055802 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $488.1M $441.6M
YoY Change 4.21% 4.97%
Cost Of Revenue $356.1M $321.0M
YoY Change 4.24% 7.21%
Gross Profit $132.0M $120.6M
YoY Change 4.1% -0.58%
Gross Profit Margin 27.04% 27.31%
Selling, General & Admin $114.5M $114.6M
YoY Change 8.84% 10.19%
% of Gross Profit 86.74% 95.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.00M $34.00M
YoY Change 15.15% 21.0%
% of Gross Profit 28.79% 28.19%
Operating Expenses $121.7M $121.5M
YoY Change 10.04% 11.26%
Operating Profit $10.30M -$900.0K
YoY Change -36.42% -107.44%
Interest Expense $19.20M $16.10M
YoY Change 40.15% 34.17%
% of Operating Profit 186.41%
Other Income/Expense, Net -$24.90M -$15.20M
YoY Change 84.44% 38.18%
Pretax Income -$14.60M -$16.10M
YoY Change -640.74% -1563.64%
Income Tax -$2.700M -$4.200M
% Of Pretax Income
Net Earnings -$11.90M -$11.90M
YoY Change -595.83% -1290.0%
Net Earnings / Revenue -2.44% -2.69%
Basic Earnings Per Share -$0.38 -$0.38
Diluted Earnings Per Share -$0.38 -$0.38
COMMON SHARES
Basic Shares Outstanding 33.15M 32.81M
Diluted Shares Outstanding 33.24M 33.11M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.500M $5.600M
YoY Change 95.65% 229.41%
Cash & Equivalents $4.500M $5.600M
Short-Term Investments
Other Short-Term Assets $32.20M $23.60M
YoY Change -0.92% -22.37%
Inventory $547.3M $553.7M
Prepaid Expenses
Receivables $251.9M $239.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $835.9M $822.3M
YoY Change 10.06% 12.72%
LONG-TERM ASSETS
Property, Plant & Equipment $485.4M $477.0M
YoY Change 13.97% 19.58%
Goodwill $78.10M $76.00M
YoY Change 10.94% 7.8%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.60M $14.00M
YoY Change 123.91% 75.0%
Total Long-Term Assets $755.4M $741.0M
YoY Change 12.63% 14.48%
TOTAL ASSETS
Total Short-Term Assets $835.9M $822.3M
Total Long-Term Assets $755.4M $741.0M
Total Assets $1.591B $1.563B
YoY Change 11.26% 13.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.80M $98.60M
YoY Change 18.58% 11.92%
Accrued Expenses $52.50M $52.00M
YoY Change 1.94% -8.29%
Deferred Revenue
YoY Change
Short-Term Debt $398.3M $399.2M
YoY Change 14.45% 26.81%
Long-Term Debt Due $9.400M $8.500M
YoY Change 70.91% 80.85%
Total Short-Term Liabilities $610.4M $631.1M
YoY Change 12.77% 20.03%
LONG-TERM LIABILITIES
Long-Term Debt $477.4M $312.6M
YoY Change 53.21% 0.42%
Other Long-Term Liabilities $13.80M $10.00M
YoY Change 12.2% -21.26%
Total Long-Term Liabilities $491.2M $322.6M
YoY Change 51.65% -0.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $610.4M $631.1M
Total Long-Term Liabilities $491.2M $322.6M
Total Liabilities $1.466B $1.426B
YoY Change 13.76% 15.15%
SHAREHOLDERS EQUITY
Retained Earnings -$105.6M -$91.00M
YoY Change 38.04% 19.11%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.900M $5.900M
YoY Change 33.9% 0.0%
Treasury Stock Shares
Shareholders Equity $125.2M $136.9M
YoY Change
Total Liabilities & Shareholders Equity $1.591B $1.563B
YoY Change 11.26% 13.55%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$11.90M -$11.90M
YoY Change -595.83% -1290.0%
Depreciation, Depletion And Amortization $38.00M $34.00M
YoY Change 15.15% 21.0%
Cash From Operating Activities -$9.100M -$11.90M
YoY Change -33.58% -40.8%
INVESTING ACTIVITIES
Capital Expenditures $20.50M $4.400M
YoY Change -7.66% 41.94%
Acquisitions
YoY Change
Other Investing Activities $1.200M $900.0K
YoY Change 140.0% -175.0%
Cash From Investing Activities -$19.30M -$18.10M
YoY Change -11.06% -4.23%
FINANCING ACTIVITIES
Cash Dividend Paid $800.0K
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.50M 4.600M
YoY Change -24.03% -87.86%
NET CHANGE
Cash From Operating Activities -9.100M -11.90M
Cash From Investing Activities -19.30M -18.10M
Cash From Financing Activities 27.50M 4.600M
Net Change In Cash -900.0K -25.40M
YoY Change -212.5% 2440.0%
FREE CASH FLOW
Cash From Operating Activities -$9.100M -$11.90M
Capital Expenditures $20.50M $4.400M
Free Cash Flow -$29.60M -$16.30M
YoY Change -17.55% -29.74%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001759824
CY2024Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
CY2024Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityCurrent
CY2023Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityCurrent
CY2024Q1 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#FinanceLeaseLiabilityNoncurrent
CY2023Q4 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#FinanceLeaseLiabilityNoncurrent
CY2024Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
CY2023Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
ALTA EQUIPMENT GROUP INC.
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2024Q1 dei Entity File Number
EntityFileNumber
001-38864
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-2583782
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
13211 Merriman Road
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Livonia
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MI
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
48150
CY2024Q1 dei City Area Code
CityAreaCode
248
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
449-6700
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33147140
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5600000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31000000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13300000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12400000
CY2024Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
239400000
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
249300000
CY2024Q1 us-gaap Inventory Net
InventoryNet
553700000
CY2023Q4 us-gaap Inventory Net
InventoryNet
530700000
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23600000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27000000
CY2024Q1 us-gaap Assets Current
AssetsCurrent
822300000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
838000000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
477000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
464800000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
110100000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
110900000
CY2024Q1 us-gaap Goodwill
Goodwill
76000000
CY2023Q4 us-gaap Goodwill
Goodwill
76700000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66300000
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14000000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14200000
CY2024Q1 us-gaap Assets
Assets
1563300000
CY2023Q4 us-gaap Assets
Assets
1570900000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
8500000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7700000
CY2024Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
98600000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
97000000
CY2024Q1 altg Customer Deposits Liabilities Current
CustomerDepositsLiabilitiesCurrent
16200000
CY2023Q4 altg Customer Deposits Liabilities Current
CustomerDepositsLiabilitiesCurrent
17400000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52000000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
59700000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15600000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15900000
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
14300000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
16200000
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
26700000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
23900000
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
631100000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
635100000
CY2024Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
328600000
CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
315900000
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
312600000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
312300000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
33200000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31100000
CY2024Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
4000000
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
4200000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99300000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99600000
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7600000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7700000
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10000000
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15300000
CY2024Q1 us-gaap Liabilities
Liabilities
1426400000
CY2023Q4 us-gaap Liabilities
Liabilities
1421200000
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1200
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1200
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1200
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1200
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32805359
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32805359
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32369820
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32369820
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
236000000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233800000
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
862182
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
862182
CY2024Q1 us-gaap Treasury Stock Value
TreasuryStockValue
5900000
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5900000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-91000000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-76400000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2200000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1800000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
136900000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
149700000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1563300000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1570900000
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
441600000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420700000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
321000000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
299400000
CY2024Q1 us-gaap Gross Profit
GrossProfit
120600000
CY2023Q1 us-gaap Gross Profit
GrossProfit
121300000
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
114600000
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
104000000
CY2024Q1 altg Non Rental Depreciation And Amortization
NonRentalDepreciationAndAmortization
6900000
CY2023Q1 altg Non Rental Depreciation And Amortization
NonRentalDepreciationAndAmortization
5200000
CY2024Q1 us-gaap Operating Expenses
OperatingExpenses
121500000
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
109200000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-900000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12100000
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2800000
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
1500000
CY2024Q1 us-gaap Interest Expense Other
InterestExpenseOther
13300000
CY2023Q1 us-gaap Interest Expense Other
InterestExpenseOther
10500000
CY2024Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
900000
CY2023Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000000
CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15200000
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16100000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1100000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4200000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-11900000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2024Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
800000
CY2023Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
800000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12700000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
200000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33108695
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32223221
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33108695
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32430715
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-11900000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1000000
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1100000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
100000
CY2024Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
700000
CY2023Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
-400000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-400000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-300000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12300000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
700000
CY2024Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0
CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
149700000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-11900000
CY2024Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2024Q1 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
800000
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.057
CY2024Q1 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
1900000
CY2024Q1 altg Stock Issued During Period Value Share Based Compensation Including Employee Stock Purchase Plan
StockIssuedDuringPeriodValueShareBasedCompensationIncludingEmployeeStockPurchasePlan
2200000
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1100000
CY2024Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
700000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
136900000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
139800000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1000000
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2023Q1 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
800000
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.057
CY2023Q1 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
1900000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
800000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
100000
CY2023Q1 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
-400000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
138100000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-11900000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1000000
CY2024Q1 altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
34000000
CY2023Q1 altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
28100000
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
400000
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
300000
CY2023Q1 altg Imputed Interest
ImputedInterest
300000
CY2024Q1 altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
8100000
CY2023Q1 altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
8100000
CY2024Q1 altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
500000
CY2023Q1 altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
100000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1700000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1500000
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
100000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1300000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
800000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-100000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8000000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1300000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
66300000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
114300000
CY2024Q1 altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
27600000
CY2023Q1 altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
29000000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5000000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5200000
CY2024Q1 altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
-400000
CY2023Q1 altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
-57000000
CY2024Q1 altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
-200000
CY2023Q1 altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
-6500000
CY2024Q1 altg Increase Decrease In Leases Net Of Current Portion And Other Liabilities
IncreaseDecreaseInLeasesNetOfCurrentPortionAndOtherLiabilities
-4200000
CY2023Q1 altg Increase Decrease In Leases Net Of Current Portion And Other Liabilities
IncreaseDecreaseInLeasesNetOfCurrentPortionAndOtherLiabilities
-5300000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11900000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20100000
CY2024Q1 altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
12900000
CY2023Q1 altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
14600000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4400000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3100000
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
100000
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1700000
CY2024Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
900000
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-500000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18100000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18900000
CY2024Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
72800000
CY2023Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
97000000
CY2024Q1 altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
61900000
CY2023Q1 altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
59800000
CY2024Q1 altg Proceeds From Non Manufacturer Floor Plan Payable
ProceedsFromNonManufacturerFloorPlanPayable
41000000
CY2023Q1 altg Proceeds From Non Manufacturer Floor Plan Payable
ProceedsFromNonManufacturerFloorPlanPayable
50700000
CY2024Q1 altg Payments On Non Manufacturer Floor Plan Payable
PaymentsOnNonManufacturerFloorPlanPayable
39100000
CY2023Q1 altg Payments On Non Manufacturer Floor Plan Payable
PaymentsOnNonManufacturerFloorPlanPayable
49700000
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
800000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
800000
CY2024Q1 altg Common Stock Dividends Paid And Declared
CommonStockDividendsPaidAndDeclared
1900000
CY2023Q1 altg Common Stock Dividends Paid And Declared
CommonStockDividendsPaidAndDeclared
1900000
CY2024Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5500000
CY2023Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2400000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4600000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37900000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-25400000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1000000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31000000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2700000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5600000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1700000
CY2024Q1 altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
38800000
CY2023Q1 altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
42700000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
10600000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
6800000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
200000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
100000
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="note_1_organization_nature_operations" style="font-size:10pt;margin-top:18pt;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="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:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Alta Equipment Group Inc. and its subsidiaries (“Alta” or the “Company”) is engaged in the sale, service, and rental of material handling, construction, and environmental processing equipment in the states of Michigan, Illinois, Indiana, Ohio, Pennsylvania, New York, Virginia, Massachusetts, Maine, New Hampshire, Vermont, Rhode Island, Connecticut, 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 unaudited condensed consolidated financial statements refers to Alta Equipment Group Inc. and its consolidated subsidiaries.</span></p><p style="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-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. These unaudited condensed consolidated financial statements should be read in conjunction with the 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> Form 10-K. All intercompany transactions and balances have been eliminated in the preparation of the condensed consolidated financial statements.</span></p>
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="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-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>
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
441600000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420700000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5500000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6300000
CY2024Q1 altg Contract With Customer Assets
ContractWithCustomerAssets
4000000
CY2023Q4 altg Contract With Customer Assets
ContractWithCustomerAssets
4500000
CY2024Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
8100000
CY2023Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
7500000
CY2024Q1 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
398400000
CY2023Q4 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
373600000
CY2024Q1 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
52200000
CY2023Q4 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
54600000
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
9700000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8200000
CY2024Q1 altg Inventory Parts Gross
InventoryPartsGross
101600000
CY2023Q4 altg Inventory Parts Gross
InventoryPartsGross
101900000
CY2024Q1 us-gaap Inventory Gross
InventoryGross
561900000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
538300000
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
8200000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7600000
CY2024Q1 us-gaap Inventory Net
InventoryNet
553700000
CY2023Q4 us-gaap Inventory Net
InventoryNet
530700000
CY2024Q1 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1300000
CY2023Q4 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1200000
CY2024Q1 altg Rental Depreciation Expense
RentalDepreciationExpense
3100000
CY2023Q1 altg Rental Depreciation Expense
RentalDepreciationExpense
2500000
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
729300000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
712600000
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
252300000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
247800000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
477000000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
464800000
CY2024Q1 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
52900000
CY2023Q4 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
48400000
CY2024Q1 altg Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
12700000
CY2023Q4 altg Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
10800000
CY2023Q4 us-gaap Goodwill
Goodwill
76700000
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
700000
CY2024Q1 us-gaap Goodwill
Goodwill
76000000
CY2024Q1 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P6Y9M18D
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
88400000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24500000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
88200000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66300000
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2600000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000
CY2024Q1 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.
CY2024Q1 us-gaap Line Of Credit
LineOfCredit
330000000
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
317500000
CY2024Q1 us-gaap Secured Long Term Debt
SecuredLongTermDebt
315000000
CY2023Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
315000000
CY2024Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1900000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2200000
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1900000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2100000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
41700000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
38800000
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
682900000
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
667000000
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8500000
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
7700000
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
674400000
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
659300000
CY2024Q1 altg Operating Lease With Related Party
OperatingLeaseWithRelatedParty
1
CY2024Q1 altg Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
40200000
CY2023Q4 altg Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
37600000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
6800000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
6900000
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2400000
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1700000
CY2024Q1 altg Low Value Lease Expense
LowValueLeaseExpense
300000
CY2023Q1 altg Low Value Lease Expense
LowValueLeaseExpense
300000
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2700000
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2100000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2300000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1300000
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
900000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
500000
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
100000
CY2024Q1 us-gaap Lease Cost
LeaseCost
15300000
CY2023Q1 us-gaap Lease Cost
LeaseCost
12800000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6600000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6700000
CY2024Q1 altg Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
900000
CY2023Q1 altg Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
500000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1100000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3500000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2100000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4800000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4000000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.103
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.101
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.084
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.08
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19400000
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
8600000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22900000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
11300000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19800000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
10600000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
18400000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9000000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16700000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
7000000
CY2024Q1 altg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
82500000
CY2024Q1 altg Finance Lease Liability Payments Due In Rolling After Year Four
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFour
3600000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
179700000
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
50100000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
64800000
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8400000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
114900000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
41700000
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
8500000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7700000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15600000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15900000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
33200000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31100000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99300000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99600000
CY2024Q1 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
156600000
CY2023Q4 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
154300000
CY2024Q1 altg Undiscounted Future Lease Payments Pertaining To Leases That Were Executed But Not Yet Commenced
UndiscountedFutureLeasePaymentsPertainingToLeasesThatWereExecutedButNotYetCommenced
3300000
CY2024Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2024Q1 altg Accrued Guarantees
AccruedGuarantees
0
CY2023Q4 altg Accrued Guarantees
AccruedGuarantees
0
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4200000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.091
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33108695
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32430715
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1161000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
441600000
CY2024Q1 us-gaap Interest Expense
InterestExpense
16100000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34000000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16100000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420700000
CY2023Q1 us-gaap Interest Expense
InterestExpense
12000000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28100000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1100000
CY2024Q1 us-gaap Assets
Assets
1563300000
CY2023Q4 us-gaap Assets
Assets
1570900000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12700000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
200000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33108695
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32223221
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-12700000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
200000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33108695
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32223221
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
207494
CY2024Q1 ecd Trd Arr Adoption Date
TrdArrAdoptionDate
May 15, 2023
CY2024Q1 ecd Trd Arr Ind Name
TrdArrIndName
Craig Brubaker
CY2024Q1 ecd Trd Arr Ind Title
TrdArrIndTitle
Chief Operating Officer
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2024Q1 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
43525

Files In Submission

Name View Source Status
0000950170-24-055802-index-headers.html Edgar Link pending
0000950170-24-055802-index.html Edgar Link pending
0000950170-24-055802.txt Edgar Link pending
0000950170-24-055802-xbrl.zip Edgar Link pending
altg-20240331.htm Edgar Link pending
altg-20240331.xsd Edgar Link pending
altg-ex31_1.htm Edgar Link pending
altg-ex31_2.htm Edgar Link pending
altg-ex32_1.htm Edgar Link pending
altg-ex32_2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
altg-20240331_htm.xml Edgar Link completed
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending