Alta Equipment reported total revenues of $410.5 million for the quarter ended March 31, 2026, down $12.5 million year-over-year and 2.1% on an organic basis. The company recorded a net loss of $20.3 million (–$0.62 per share), adjusted EBITDA of $28.1 million, operating cash flow of $20.8 million, and reduced interest expense by $2.4 million to $19.5 million.

Material Handling revenues declined $7.4 million to $150.5 million, while Construction Equipment and Master Distribution combined revenues decreased $1.8 million to $261.4 million. Gross profit margins held at 19.6% for new and used material handling and 11.7% for construction equipment, service margins rose 10 basis points to 60.2%, and rental equipment sales jumped 44.5% to $30.2 million as rental fleet gross book value decreased $59.5 million to $524.6 million.

First quarter lift truck bookings were 12.7% above last year’s level, with March 2026 marking the highest monthly bookings since June 2023, signaling a rebound in the material handling market. Management highlighted sequential margin improvements in construction equipment, the impact of the Supreme Court’s IPEEA tariff ruling restoring distribution margins, and expects infrastructure funding and optimized fleet utilization to drive performance through peak season.