Alta Narrows 2026 EBITDA Outlook After Third-Quarter Loss

The Tip Desk · November 9, 2026 · 3 min read

The equipment dealer posted a $12.2 million net loss, or $0.37 a share, and now sees 2026 Adjusted EBITDA of $165.0 million to $170.0 million.

Alta Equipment Group Inc. (ALTG) reported a net loss available to common stockholders of $12.2 million, or $0.37 a share, for the third quarter ended September 30, 2026, compared with a $42.3 million loss, or $1.31 a share, a year earlier.

Total revenues fell $5.2 million, or 1.2%, to $417.4 million. On an organic basis, revenues decreased $2.8 million, or 0.7%. Adjusted EBITDA rose $3.2 million, or 7.7%, to $44.9 million. Income from operations was $7.2 million. Operating expenses decreased $2.9 million to $110.1 million, and interest expense decreased $2.5 million to $19.9 million. Adjusted basic and diluted pre-tax net loss per share was $0.19, an improvement of $0.16 a share versus the prior year.

Chief Executive Officer Ryan Greenawalt said the results reflected progress toward stronger earnings from a more efficient capital base. He said that since year-end the company had reduced the combined carrying value of inventory and net rental fleet by approximately $45 million, lowered adjusted total net debt and floor plan payables by approximately $20 million in the quarter, and cut third-quarter operating expenses $2.9 million year over year. Rental fleet gross book value decreased $57.9 million year over year to $508.9 million. Inventories, net, were $448.3 million at September 30, 2026, versus $473.3 million at December 31, 2025.

Construction Equipment was the operating bright spot. Segment revenue increased $12.2 million year over year to $253.8 million. Greenawalt said the segment generated 5.0% year-over-year revenue growth and 11.2% Adjusted EBITDA growth while operating with approximately $78 million less in period-end assets than a year ago. New and used equipment sales gross profit margin increased 60 basis points year over year. Service gross profit percentage increased 250 basis points year over year to 61.5%.

Material Handling equipment bookings increased 67% year over year, with backlog continuing to grow. Greenawalt said the company believes the strength reflects improving industry conditions and customers addressing pent-up replacement needs after an extended period of fleet replacement deferrals. He said the pace at which new equipment backlog is converting to revenues has been slower than expected and that the company views that primarily as a timing issue rather than a change in underlying customer demand. As throughput improves, he said, the company expects the increase in bookings and backlog to translate into higher equipment deliveries and revenues through the fourth quarter and into 2027.

New and used equipment sales were $204.0 million. Parts sales were $76.3 million. Service revenues were $64.7 million. Rental revenues were $47.5 million. Rental equipment sales were $24.9 million. Gross profit was $117.3 million.

For the nine months ended September 30, 2026, net cash provided by operating activities was $58.8 million. Cash was $21.8 million at September 30, 2026. Adjusted total net debt and floor plan payables were $790.9 million at September 30, 2026, versus $806.5 million at December 31, 2025.

The company revised its full-year 2026 Adjusted EBITDA guidance range to $165.0 million to $170.0 million, after tightening the range to $167.5 million to $177.5 million in the prior quarter. Greenawalt said infrastructure spending and state DOT budgets remain supportive across Alta’s markets and that Material Handling bookings and backlog provide an additional source of momentum entering 2027. Combined with progress on the cost structure, working capital, and balance sheet, he said the company believes those trends will allow Alta to enter next year from a position of strength.