Alta Equipment Group Reports Q2 2025 Financial Results with Revenue Decline and Improved Net Loss

Alta Equipment Group Inc. reported its financial results for the second quarter of 2025, revealing total revenues of $481.2 million, a decrease of 1.4% compared to $488.1 million in the same period last year. The decline was primarily driven by reduced rental revenues and rental equipment sales, which fell by 13.8% and 25.6%, respectively. In contrast, new and used equipment sales increased by 5.6% to $265.6 million, while parts sales and service revenues saw slight declines of 3.1% and 2.0%, respectively. For the first half of 2025, total revenues were $904.2 million, down 2.7% from $929.7 million in the prior year.

The company's net loss for the second quarter was $6.1 million, an improvement from a net loss of $11.9 million in the same quarter of 2024. This resulted in a basic loss per share of $0.21, compared to a loss of $0.38 per share in the prior year. For the six months ended June 30, 2025, the net loss was $27.0 million, compared to a loss of $23.8 million in the same period last year. The company attributed the improved performance in the second quarter to cost-saving initiatives and a gain on the divestiture of its aerial fleet rental business, which contributed $4.3 million to other income.

Operationally, Alta Equipment Group has been focusing on strategic acquisitions and divestitures to enhance its market position. In March 2025, the company acquired the assets of Les Chariots Elevateurs Du Quebec Inc. for $2.9 million, while divesting its aerial fleet rental business for $18.0 million in May 2025. These moves are part of a broader strategy to optimize its rental fleet and improve financial performance. The company also reported a reduction in selling, general, and administrative expenses, which fell to $102.3 million in the second quarter from $114.5 million a year earlier, reflecting ongoing cost control measures.

As of June 30, 2025, Alta Equipment Group had total assets of $1.436 billion, down from $1.480 billion at the end of 2024. The company’s liabilities decreased slightly to $1.392 billion from $1.403 billion, with total stockholders' equity at $43.9 million, a significant drop from $77.6 million at the end of the previous year. The company reported a cash balance of $13.2 million, which is a slight decrease from $13.4 million at the end of 2024.

Looking ahead, Alta Equipment Group remains cautious about market conditions, particularly in the Material Handling segment, where equipment sales have been impacted by lower deliveries and market share contraction. The company is focused on leveraging its diversified business model to navigate these challenges and is optimistic about future growth opportunities, particularly in the Construction Equipment segment, where demand remains strong. The company continues to evaluate its capital expenditures and operational strategies to align with market dynamics and customer needs.