Filing Flows › Alta Equipment Group (ALTG) › Q4 2024
Alta Equipment Group (ALTG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Alta Equipment Group (ALTG) reported revenue of $498M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and +11% from the quarter before. Operating margin was 0.5%, net loss $10.6M (2.1% of revenue).
Alta Equipment Group, Q4 2024: revenue $498M (-4% year over year), operating margin 0.5%, net loss $10.6M, operating cash flow $34.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $498M | +11% | -4% |
| Operating profit | $2.4M | — | — |
| Net earnings | −$10.6M | — | — |
| Operating cash flow | $34.9M | -19% | -57% |
| Free cash flow | $30.9M | -21% | -60% |
What changed
Revenue was $498.1M in Q4 2024, down 4% year over year and up 11% from the previous quarter. New and Used Equipment Sales was the largest line at 58% of revenue.
Gross margin was 23.4%, down 2.1 points from a year earlier. Operating profit was $2.4M, a 0.5% margin (down 1.9 points year over year). Operating expenses fell 6% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $10.6M, narrower than the previous quarter's $27.7M loss. Net interest and other expense of $21.9M was the main reason.
Operating cash flow was $34.9M (down 57% year over year). Non-cash charges added back $34.7M of depreciation and amortization and $900K of share-based compensation. Working capital and other items added $9.9M. Capital expenditures of $4.0M left free cash flow of $30.9M.
Questions
What was Alta Equipment Group's revenue in the fourth quarter 2024?
Alta Equipment Group (ALTG) reported revenue of $498M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and +11% from the quarter before.
Was Alta Equipment Group profitable in the fourth quarter 2024?
Operating profit was $2.4M (0.5% of revenue) and net loss $10.6M.