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Alta Equipment Group Inc

4.48

-0.0700-1.54%

Volume:93.78K

Turnover:426.59K

Market Cap:148.70M

PE:-2.01

High:4.82

Open:4.73

Low:4.44

Close:4.55

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Overview Company News Filings

Hyster-Yale, Inc. (HY): A Bull Case Theory

3 Reasons to Sell ALTG and 1 Stock to Buy Instead

Alta Equipment Group Inc. (ALTG): A Bull Case Theory

DA Davidson Adjusts Alta Equipment Group Price Target to $9 From $11, Maintains Buy Rating

MT Newswires Live

Alta Equipment price target lowered to $8.50 from $9 at Raymond James

Alta Equipment Is Maintained at Market Perform by Raymond James

Alta Equipment Group Inc : Raymond James Cuts Target Price to $8.50 From $9.00

THOMSON REUTERS

Alta Equipment Group Full Year 2024 Earnings: In Line With Expectations

Simply Wall St.

Q4 2024 Alta Equipment Group Inc Earnings Call

Thomson Reuters StreetEvents

D.A. Davidson Keeps Their Buy Rating on Alta Equipment Group (ALTG)

Alta Equipment Group (ALTG) Gets a Hold from Northland Securities

Alta Equipment Group Inc (ALTG) Q4 2024 Earnings Call Highlights: Navigating Market Challenges ...

Alta Equipment Group Inc reports results for the quarter ended December 31 - Earnings Summary

Alta Equipment: Q4 Earnings Snapshot

Associated Press Finance

Alta Equipment Group Q4 2024 Adj. EPS $(0.46) Misses $(0.29) Estimate, Sales $498.100M Beat $485.486M Estimate

BRIEF-Alta Equipment Group Q4 Net Income USD -10.6 Million

Alta Equipment Group Inc: Qtrly Adj Shr Loss $0.46

THOMSON REUTERS

Alta Equipment Group Q4 Income From Operations USD 2.4 Million

THOMSON REUTERS

Alta Equipment Group Announces Fourth Quarter and Full Year 2024 Financial Results and Provides Adjusted EBITDA Guidance for 2025

Calendar of U.S. Earnings Expected in the Week Ahead

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(HY): A Bull Case Theory","url":"https://stock-news.laohu8.com/highlight/detail?id=2522836063","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522836063?lang=en_us&edition=fundamental","pubTime":"2025-03-26 22:17","pubTimestamp":1742998650,"startTime":"0","endTime":"0","summary":"We came across abullish thesison Hyster-Yale, Inc.  on Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on HY. Hyster-Yale, Inc. 's share was trading at $44.65 as of March 25th. HY’s trailing and forward P/E were 5.55 and 21.28 respectively according to Yahoo Finance.Hyster-Yale  presents an intriguing investment opportunity, though it remains early in its cycle. The company is currently undergoing a product refresh, which has led to increased R&D expenses and a projected sharp decline in GAAP net income for 2025. While this has weighed on the stock price, there is potential for further weakness over the next six months, creating an attractive entry point. If the stock declines further, it could offer a compelling valuation, with the potential for a fourfold return by 2030.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/hyster-yale-inc-hy-bull-141730762.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4104","HY","ALTG","BK4161"],"gpt_icon":0},{"id":"2521490787","title":"3 Reasons to Sell ALTG and 1 Stock to Buy Instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2521490787","media":"StockStory","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2521490787?lang=en_us&edition=fundamental","pubTime":"2025-03-24 17:11","pubTimestamp":1742807463,"startTime":"0","endTime":"0","summary":"Alta’s stock price has taken a beating over the past six months, shedding 20.9% of its value and falling to $5.10 per share. This was partly driven by its softer quarterly results and might have investors contemplating their next move.Is there a buying opportunity in Alta, or does it present a risk to your portfolio?Even though the stock has become cheaper, we're swiping left on Alta for now. Here are three reasons why there are better opportunities than ALTG and a stock we'd rather own.Founded in 1984, Alta Equipment Group  is a provider of industrial and construction equipment and services across the Midwest and Northeast United States.Alta’s earnings losses deepened over the last four years as its EPS dropped 34% annually. We tend to steer our readers away from companies with falling EPS, where diminishing earnings could imply changing secular trends and preferences. If the tide turns unexpectedly, Alta’s low margin of safety could leave its stock price susceptible to large downswin","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/3-reasons-sell-altg-1-091103629.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALTG","BK4104"],"gpt_icon":0},{"id":"2521490788","title":"Alta Equipment Group Inc. (ALTG): A Bull Case Theory","url":"https://stock-news.laohu8.com/highlight/detail?id=2521490788","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2521490788?lang=en_us&edition=fundamental","pubTime":"2025-03-21 06:28","pubTimestamp":1742509707,"startTime":"0","endTime":"0","summary":"We came across abullish thesison Alta Equipment Group Inc.  on Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on ALTG. Alta Equipment Group Inc. 's share was trading at $5.66 as of March 19th. ALTG’s trailing and forward P/E were 69.50 and 222.22 respectively according to Yahoo Finance.ALTG refinanced its debt in mid-2024, extending maturities to 2029, albeit at a burdensome 9% coupon. This added interest expense has temporarily offset the economies of scale achieved through the rollup, but management has prioritized debt paydown, reducing liabilities by $60 million over the past six months. While ALTG has $15 million remaining in its share buyback authorization, deleveraging remains the near-term focus. Despite elevated leverage, at approximately 4.1x EBITDA, management’s guidance and the ISM Manufacturing survey suggest that 2024 was a trough year, an","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alta-equipment-group-inc-altg-222827752.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["HY","ALTG","BK4104","BK4161"],"gpt_icon":0},{"id":"2519839306","title":"DA Davidson Adjusts Alta Equipment Group Price Target to $9 From $11, Maintains Buy Rating","url":"https://stock-news.laohu8.com/highlight/detail?id=2519839306","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2519839306?lang=en_us&edition=fundamental","pubTime":"2025-03-13 20:43","pubTimestamp":1741869804,"startTime":"0","endTime":"0","summary":"Alta Equipment Group (ALTG) has an average rating of overweight and mean price target of $11.78, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research fr","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["ALTG"],"gpt_icon":0},{"id":"2518742956","title":"Alta Equipment price target lowered to $8.50 from $9 at Raymond James","url":"https://stock-news.laohu8.com/highlight/detail?id=2518742956","media":"TipRanks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2518742956?lang=en_us&edition=fundamental","pubTime":"2025-03-11 22:01","pubTimestamp":1741701692,"startTime":"0","endTime":"0","summary":"Raymond James lowered the firm’s price target on Alta Equipment  to $8.50 from $9 and keeps a Market Perform rating on the shares. The firm cites the company’s “light” Q4 earnings report, elevated leverage profile, and tariff related macroeconomic uncertainty for the target cut.Effectively assess a stock's risks and opportunities with a clear breakdown of its positive and negative factors.Uncover insightful assessments of a stock's market performance and potential with  a comprehensive competitor analysis .Read More on ALTG:Questions or Comments about the article?Alta Equipment Group’s Earnings Call: Resilience Amid Challenges. Alta Equipment Group reports Q4 adjusted EPS , consensus . Alta Equipment Group sees FY25 adjusted EBITDA $175M-$190M","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/alta-equipment-price-target-lowered-140132442.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alta-equipment-price-target-lowered-140132442.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["RJF","ALTG"],"gpt_icon":0},{"id":"2518277375","title":"Alta Equipment Is Maintained at Market Perform by Raymond James","url":"https://stock-news.laohu8.com/highlight/detail?id=2518277375","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2518277375?lang=en_us&edition=fundamental","pubTime":"2025-03-11 00:16","pubTimestamp":1741623360,"startTime":"0","endTime":"0","summary":"Ratings actions from Benzinga: https://www.benzinga.com/quote/ALTG/analyst-ratings \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 12:16 ET (16:16 GMT)","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B64PRP62.GBP","LU0971096721.USD","LU1363072403.SGD","BK4127","LU1804176565.USD","LU2265009873.SGD","BK4585","BK4104","BK4588","IE00B3QW5Z07.USD","IE00BGHQF748.EUR","RJF","ALTG"],"gpt_icon":0},{"id":"2518493242","title":"Alta Equipment Group Inc : Raymond James Cuts Target Price to $8.50 From $9.00","url":"https://stock-news.laohu8.com/highlight/detail?id=2518493242","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2518493242?lang=en_us&edition=fundamental","pubTime":"2025-03-10 19:22","pubTimestamp":1741605771,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250310:nFWN3PT0XM:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["ALTG","BK4104"],"gpt_icon":0},{"id":"2517838364","title":"Alta Equipment Group Full Year 2024 Earnings: In Line With Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2517838364","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517838364?lang=en_us&edition=fundamental","pubTime":"2025-03-07 18:20","pubTimestamp":1741342820,"startTime":"0","endTime":"0","summary":"NYSE:ALTG Earnings and Revenue Growth March 7th 2025. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  was also in line with analyst expectations.Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.The company's shares are down 6.8% from a week ago.Don't forget that there may still be risks. For instance, we've identified   2 warning signs for Alta Equipment Group   you should be aware of.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alta-equipment-group-full-2024-102020631.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALTG"],"gpt_icon":0},{"id":"2517996421","title":"Q4 2024 Alta Equipment Group Inc Earnings Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2517996421","media":"Thomson Reuters StreetEvents","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517996421?lang=en_us&edition=fundamental","pubTime":"2025-03-07 02:14","pubTimestamp":1741284874,"startTime":"0","endTime":"0","summary":"Ryan Greenawalt; Chairman and CEO; Alta Equipment Group Inc. Good afternoon and thank you for attending the Alta Equipment Group fourth quarter and full year 2024 earnings conference call. My name is Joel and I will be your moderator for today's call. I'll now turn the call over to Jason Dammeyer, Director of SEC Reporting and Technical Accounting with Alta Equipment Group. Jason, you may proceed.Thank you, Jason. Good afternoon, everyone, and thank you for joining us today. I'd like to start by expressing my gratitude to our employees, customers, and shareholders for their continued trust and confidence. Despite a complex macroeconomic environment in 2024, Alta Equipment Group remained steadfast in executing our str","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/q4-2024-alta-equipment-group-181434514.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALTG"],"gpt_icon":0},{"id":"2517019371","title":"D.A. Davidson Keeps Their Buy Rating on Alta Equipment Group (ALTG)","url":"https://stock-news.laohu8.com/highlight/detail?id=2517019371","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517019371?lang=en_us&edition=fundamental","pubTime":"2025-03-07 01:29","pubTimestamp":1741282159,"startTime":"0","endTime":"0","summary":"D.A. Davidson analyst Matt Summerville maintained a Buy rating on Alta Equipment Group (ALTG – Research Report) today and set a price target of $11...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/d-a-davidson-keeps-their-buy-rating-on-alta-equipment-group-altg-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate","earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/d-a-davidson-keeps-their-buy-rating-on-alta-equipment-group-altg-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["ALTG"],"gpt_icon":0},{"id":"2517193779","title":"Alta Equipment Group (ALTG) Gets a Hold from Northland Securities","url":"https://stock-news.laohu8.com/highlight/detail?id=2517193779","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517193779?lang=en_us&edition=fundamental","pubTime":"2025-03-07 01:28","pubTimestamp":1741282124,"startTime":"0","endTime":"0","summary":"In a report released today, Ted Jackson from Northland Securities maintained a Hold rating on Alta Equipment Group (ALTG – Research Report), with a...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/alta-equipment-group-altg-gets-a-hold-from-northland-securities?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/alta-equipment-group-altg-gets-a-hold-from-northland-securities?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["ALTG","BK4104"],"gpt_icon":0},{"id":"2517181810","title":"Alta Equipment Group Inc (ALTG) Q4 2024 Earnings Call Highlights: Navigating Market Challenges ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2517181810","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517181810?lang=en_us&edition=fundamental","pubTime":"2025-03-06 15:13","pubTimestamp":1741245209,"startTime":"0","endTime":"0","summary":"Total Revenue : Approximately $1.9 billion, flat compared to the previous year.Revenue : $498.1 million, a decline of 4.5% year over year.Adjusted EBITDA : $168.3 million, down from $201 million in 2023.Construction Equipment Sales Decline : 10.2% decline, over $60 million reduction.Material Handling Revenue : $687.4 million, a 0.9% increase from 2023.2025 Adjusted EBITDA Guidance: $175 to $190 million.Free Cash Flow Yield : Approximately $45 million, suggesting a 30% free cash flow yield.GuruFocus has detected 7 Warning Signs with ALTG.For the complete transcript of the earnings call, please refer to the full earnings call transcript.Alta Equipment Group Inc  maintained total revenue at approximately $1.9 billion for the full year, demonstrating resilience despite challenging market conditions.New and used equipment sales in the construction equipment segment saw a 10.2% decline organically, reflecting macroeconomic challenges.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alta-equipment-group-inc-altg-071329205.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALTG"],"gpt_icon":0},{"id":"2517973513","title":"Alta Equipment Group Inc reports results for the quarter ended December 31 - Earnings Summary","url":"https://stock-news.laohu8.com/highlight/detail?id=2517973513","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517973513?lang=en_us&edition=fundamental","pubTime":"2025-03-06 07:23","pubTimestamp":1741217010,"startTime":"0","endTime":"0","summary":"Alta Equipment Group Inc reports results for the quarter ended December 31 - Earnings SummaryAlta Equipment Group Inc ALTG.N reported a quarterly adjusted loss of 34 cents per share for the quarter en","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250305:nL5N3PO2F4:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ALTG"],"gpt_icon":0},{"id":"2517920410","title":"Alta Equipment: Q4 Earnings Snapshot","url":"https://stock-news.laohu8.com/highlight/detail?id=2517920410","media":"Associated Press Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517920410?lang=en_us&edition=fundamental","pubTime":"2025-03-06 05:44","pubTimestamp":1741211047,"startTime":"0","endTime":"0","summary":"LIVONIA, Mich.  — LIVONIA, Mich.  — Alta Equipment Group Inc.  on Wednesday reported a loss of $10.6 million in its fourth quarter.The Livonia, Michigan-based company said it had a loss of 34 cents per share.The company posted revenue of $498.1 million in the period.Alta Equipment shares have dropped 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.10, a decline of 53% in the last 12 months.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/alta-equipment-q4-earnings-snapshot-214407973.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALTG"],"gpt_icon":0},{"id":"2517924337","title":"Alta Equipment Group Q4 2024 Adj. EPS $(0.46) Misses $(0.29) Estimate, Sales $498.100M Beat $485.486M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2517924337","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517924337?lang=en_us&edition=fundamental","pubTime":"2025-03-06 05:20","pubTimestamp":1741209646,"startTime":"0","endTime":"0","summary":"Alta Equipment Group (NYSE:ALTG) reported quarterly losses of $(0.46) per share which missed the analyst consensus estimate of $(0.29) by 58.62 percent. 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Total revenues decreased 4.5% year over year to $498.1 million. Product support revenues decreased 2.3% year over year with Parts sales decreasing to $67.9 million and Service revenues decreasing to $59.0 million. New and used equipment sales decreased 3.7% to $287.1 million. Product Support revenues increased 5.5% year over year with Parts sales increasing to $294.4 million and Service revenues increasing to $253.8 million. Ryan Greenawalt, Chief Executive Officer of Alta, said “Overall, our 2024 performance was impacted by several factors including elevated interest rates and uncertainty regarding the U.S. presidential race, both of which contributed to a moderation of construction spending and a reduction of non-residential project starts in the U.S., when compared to 2023. 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