How did Alta Equipment's revenue and expenses trend in Q4 2024?

Alta Equipment Group Inc. experienced a decline in revenue and a increase in expenses in Q4 2024 compared to the same period in the previous year, reflecting ongoing challenges in its end-user markets and intensified competition. 1. **Revenue Trend**: - Alta Equipment's total revenue for Q4 2024 was $498.1 million. - This represents a decrease of 4.5% from the same quarter in the previous year, where the revenue was $521.6 million. - The decline in revenue can be attributed to ongoing market uncertainties and customer hesitancy in capital investments, which have affected the company's equipment sales and rental revenues. 2. **Expense Trend**: - The company's gross margin for Q4 2024 was 26.31%. - R&D expenses and SG&A expenses were not provided in the report, but the net loss for the quarter was -$10.6 million. - Alta Equipment reported a quarterly adjusted loss of 34 cents per share for the quarter ended December 31, 2024, which is lower than the same quarter last year's EPS of -8 cents. - The net loss available to common stockholders was $(28.4) million for Q3 2024, with a basic and diluted net loss per share of $(0.86) and $(0.86), respectively. - The company's EBITDA for the period was $43.6 million, and its product support business generated a revenue increase of 7.8% to $140.2 million compared to a year ago. 3. **Conclusion**: - Alta Equipment faced a challenging market environment in Q4 2024, resulting in a decline in revenue and an increase in net losses. - The company's focus on strategic initiatives, such as increasing share buyback authorization, and the performance of its product support business, may help mitigate the impact of reduced equipment sales. - The company's shares have experienced a decline of 27.2% this quarter, reflecting investor sentiment influenced by the financial results and market conditions. |code|Ticker|Name|Date|Gross Profit Margin|R&D Expenses|Total Revenue|Net Income|market_code| |---|---|---|---|---|---|---|---|---| |ALTG|ALTG.N|Alta Equipment|2023 Q4|27.0247||5.215E8|-1900000|169| |ALTG|ALTG.N|Alta Equipment|2024 Q1|27.3098||4.416E8|-1.19E7|169| |ALTG|ALTG.N|Alta Equipment|2024 Q2|27.1701||4.881E8|-1.19E7|169| |ALTG|ALTG.N|Alta Equipment|2024 Q3|27.3631||4.488E8|-2.77E7|169|