What trends in ALTG's past quarters suggest future growth?

Alta Equipment Group Inc. (ALTG) has demonstrated several positive trends in its past quarters that suggest potential for future growth: 1. **Strategic Acquisitions**: Alta has a history of strategic acquisitions, which have enhanced its market presence and product offerings. The recent acquisition of Yale Industrial Trucks, Inc. is expected to extend Alta's operations into an international market, bridging its existing U.S. territories and benefiting from substantial market opportunities in Canada. 2. **Reshoring Trends and Market Position**: Alta benefits from reshoring trends, with expectations of annualized EBITDA for the twelve months spanning H2 2025 and H1 2026 likely to surpass $200 million. The company's founder-led construction equipment and forklift dealership rollup operates under an entrenched dealership system, granting exclusive regional monopolies that provide a durable advantage, particularly in the high-margin parts and service business. 3. **E-commerce and Digital Transformation**: Despite challenges, Alta has seen growth in its Material Handling segment and record revenues, in part due to its e-commerce capabilities and the aging fleet, which continues to drive demand for its services. The company's emphasis on digital transformation and e-commerce is likely to contribute positively to its growth as it leverages technology to serve its customers more effectively. 4. **Dividend and Shareholder Returns**: Alta's dividend declaration reflects the company's commitment to delivering value to its shareholders, which could attract income-focused investors and support the stock's potential for growth as the company's financial policies indicate stability and confidence in its future cash flows. 5. **Organic Growth and Market Opportunities**: Alta has reported organic sales increases in core material handling and construction segments, indicating strong demand and utilization. The company's optimism about future growth is supported by favorable industry indicators and federal infrastructure projects, which are expected to drive demand for its equipment and services. These trends, combined with Alta's strategic initiatives and market positioning, suggest a positive outlook for the company's future growth.