Alta delivers record results

News Story
- 28 Mar 2024 ( #1172 ) - Livonia, MI, United States
1 min read
Ryan Greenawalt
Ryan Greenawalt

Equipment supplier Alta Equipment Group has reported solid performances for the last quarter of 2023 and the full financial year.

CEO Ryan Greenawalt says the momentum in the business continued throughout the balance of 2023 and as a result, “we delivered solid financial and operating results for the fourth quarter and 2023 fiscal year”.

Total revenues grew 21.7% to USD521.5 million for the fourth quarter and increased 19.4% to USD1.9 billion for the year. 

“Our business continues to benefit from the broad-based strength in our major end-user markets. For the year, revenues from our construction equipment segment grew 12.9% to USD1.1 billion, while materials handling revenues increased 19.4% to USD681.5 million.

Alta’s high-margin parts and service business revenue increased 17.7% to USD519.6 million. 

“One of our key priorities remains providing our customers with best-in-class support to keep their fleets and job sites running with as little down time as possible. Thus, we continued to expand our field service population, ending the year with more than 1,300 skilled technicians, which represents nearly half of our 3,000 employees,” he says.

“Overall, we achieved record results in 2023.”

Alta’s outlook for 2024 is positive as industry indicators support the company’s expectations for continued growth this year. 

The materials handling industry is forecasting another year of strong forklift deliveries that is likely to resemble, if not exceed, the record year of deliveries in 2023, Greenawalt adds.

Jungheinrich records ‘resilient’ results
Jungheinrich records ‘resilient’ results 16 Aug 2024 - Hamburg, Germany - 1 min read
KION narrows revenue forecast
KION narrows revenue forecast 8 Aug 2024 - Frankfurt, Germany - 1 min read
Kalmar makes stock market debut
Kalmar makes stock market debut 4 Jul 2024 - Helsinki, Finland, Finland - 1 min read
Previously about:
Alta lists on NYSE News Story - 20 Feb 2020 - New York, NY, United States - 1 min read
Alta grows, EY honours founder News Story - 19 Jun 2014 - Wixom, MI, United States - 2 min read
Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News we look at the financial reports of some of the materials handling industry’s largest players including Hyster-Yale, KION and Hangcha... Continue reading

Transparent, effective, accountable. With Forkliftaction advertising you will know exactly what to expect before the start of your next campaign.

Tell us your objectives and we’ll propose a competitively priced, brand-centred campaign with your CPM* fixed at the campaign’s start. Geo-targeted campaigns available!

For audience statistics and a concise overview of our advertising offer DOWNLOAD our Media Kit.

* CPM = Cost-Per-Thousand impressions 

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Transparent, effective, accountable. With Forkliftaction advertising you will know exactly what to expect before the start of your next campaign.

Tell us your objectives and we’ll propose a competitively priced, brand-centred campaign with your CPM* fixed at the campaign’s start. Geo-targeted campaigns available!

For audience statistics and a concise overview of our advertising offer DOWNLOAD our Media Kit.

* CPM = Cost-Per-Thousand impressions 

Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Inside The News
In this week’s Forkliftaction News we look at the financial reports of some of the materials handling industry’s largest players including Hyster-Yale, KION and Hangcha... Continue reading

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Transparent, effective, accountable. With Forkliftaction advertising you will know exactly what to expect before the start of your next campaign.

Tell us your objectives and we’ll propose a competitively priced, brand-centred campaign with your CPM* fixed at the campaign’s start. Geo-targeted campaigns available!

For audience statistics and a concise overview of our advertising offer DOWNLOAD our Media Kit.

* CPM = Cost-Per-Thousand impressions