Alta materials handling revenue falls 4.7%
Rental revenue declined 8.7% YoY in Q1
Equipment dealer Alta Equipment Group reported decreased revenue in the first quarter amid seasonal challenges.
The Livonia, Mich.-based company’s Q1 results reflect the “harsh winter weather conditions” that delayed construction projects in its region, Chief Executive Ryan Greenawalt stated in its May 7 earnings release.
However, Alta continues to optimize its rental fleet and is “encouraged by the current trends emerging across our major segments, particularly within our material handling business,” he said.
“To that end, first-quarter bookings of lift trucks in our material handling segment were 12.7% above the first quarter of last year, with March 2026 representing the highest monthly booking level for Alta since June of 2023,” he said.
Alta reported in Q1:
- Total revenue fell 3% year over year to $410.5 million;
- Total construction revenue dipped 0.6% YoY to $244.3 million;
- Total materials handling revenue fell 4.7% YoY $150.5 million;
- Rental revenue dropped 8.7% YoY to $38.6 million;
- New- and used-equipment sales declined 6.7% YoY to $206.9 million; and
- Rental equipment sales increased 44.5% YoY to $30.2 million.
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