Alta Equipment falls after Q1 revenue misses estimates on weaker equipment sales

Alta Equipment Group (NYSE: ALTG) reported first-quarter 2026 revenue of $410.5 million, down 3% from a year earlier and below Wall Street expectations, as prior-quarter demand pull-forward and severe winter weather weighed on equipment sales, rentals and field service activity. The equipment distributor posted a non-GAAP loss of 43 cents per share, 7.4% narrower than analysts expected. Management cited higher health care expenses and tariff-related costs as pressures on operating margins. Shares recently traded at $7.12, down from $8.19 before the earnings release. CEO Ryan Greenawalt said the quarter reflected difficult conditions but improving momentum. CFO Anthony Colucci pointed to stronger booking trends, a growing backlog and sequential improvement exiting the quarter. Alta’s full-year outlook depends on a recovery in material handling bookings, improved rental fleet utilization, margin recovery in the Ecoverse segment and continued support from infrastructure spending, with some improvement expected to be weighted toward the second half of 2026.