Alta Equipment Group Inc. (ALTG) Focused on Capital Management ,Market Share Gains, and Business Optimization

Alta Equipment Group Inc. (NYSE:ALTG) is one of the high-growth micro-cap stocks to buy now. On May 7, Chief Executive Officer Ryan Greenawalt reiterated that their focus is on pursuing disciplined capital management, expanding market share in key geographies, and business optimization.

The sentiments follow a challenging first quarter, during which sales were down 3% to $410.5 million. The company also posted a net loss of $19.5 million, a slight improvement from the $20.9 million net loss in the same quarter last year. Adjusted EBITDA shrank to $28.1 million compared to $33.6 million delivered last year in the same quarter.

According to Greenawalt, the first-quarter results reaffirmed the business’s seasonality. In the Construction Equipment segment, industry volumes of general prime equipment experienced modest downward pressure, as service and rental operations were hit harder by winter weather year over year. Despite the slight sales drop, the focus is on optimizing the rental fleet to capitalize on current trends across major segments.

Alta Equipment Group Inc. (NYSE:ALTG) is a prominent North American equipment dealership platform. They specialize in selling, renting, and servicing heavy construction, earthmoving, and material handling equipment. They also provide extensive aftermarket support, parts, and flexible financing options across the United States and Canada.

READ NEXT: Billionaire Ken Fisher’s Top 12 High-Growth Stock Picks and 12 Best Tech Stocks to Invest In on the Dip.

Disclosure: None. Follow Insider Monkey on Google News.