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ALTA EQUIPMENT GROUP INC . NEWS RELEASE Alta Equipment Group Inc. Reports Second Quarter 2021 Financial Results 8/12/2021 Second Quarter Financial Highlights : Net revenues increased 52.4 % year over year to $ 292.7 million • Construction and Material Handling revenue of $ 181.1 million and $ 111.6 million , respectively • Product Support gross profit increased $ 13.4 million year over year to $ 39.5 million Net loss of ( $ 15.7 ) million available to common shareholders compared to ( $ 4.1 ) million prior year Adjusted EBITDA * grew 40.7 % to $ 28.0 million compared to $ 19.9 million in Q2 2020 ● ● LIVONIA , Mich .-- ( BUSINESS WIRE ) -- Alta Equipment Group Inc. ( " Alta " or the " company " ) ( NYSE : ALTG ) , a leading provider of premium material handling and construction equipment and related services , today announced financial results for the second quarter ended June 30 , 2021 . CEO Comment : Ryan Greenawalt , Chief Executive Officer of Alta , said " Our second quarter performance reflects a positive operating environment across the material handling and construction markets we serve . The constrained supply - chain affecting our manufacturing partners has driven demand for higher margin product support offerings and greater rental utilization . Tightened supply has further elevated equipment pricing across the industry and provides unique opportunities to strategically sell rental fleet , satisfy customer demand for equipment , and achieve field population targets traditionally designated for new equipment installs . We believe our performance in the second quarter further validates our ability to adapt quickly and efficiently to a variety of market conditions , which has led to healthy year over year and sequential adjusted EBITDA growth . " 1