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ALTA EQUIPMENT GROUP INC . NEWS RELEASE Alta Equipment Group Inc. Reports Third Quarter 2021 Financial Results 11/11/2021 Third Quarter Financial Highlights : ( comparisons are year over year ) • Net revenues increased 33.7 % year over year to $ 295.0 million • Construction and Material Handling revenue of $ 184.7 million and $ 110.3 million , respectively • Product Support gross profit increased $ 5.7 million year over year to $ 38.9 million • Net loss of $ ( 0.5 ) million available to common shareholders compared to income of $ 0.3 million in prior year Adjusted net income per share * basic and diluted $ 0.02 compared to a loss of $ ( 0.10 ) in prior year Adjusted EBITDA * grew 43.4 % to $ 31.4 million compared to $ 21.9 million in Q3 2020 • Company revises full year 2021 Adjusted EBITDA guidance to a range of $ 113 million to $ 116 million ● ● 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 third quarter ended September 30 , 2021 . CEO Comment : Ryan Greenawalt , Chief Executive Officer of Alta , said " Our operating performance in the third quarter reflects our flexible business model and our ability to produce strong financial results in a supply constrained market . Both our Construction and Material Handling business segments delivered year over year revenue growth leading to a 43.4 % increase in adjusted EBITDA . Our high level of new and used equipment sales in the first three quarters of the year are expected to continue to drive future high - margin product support revenue . " Mr. Greenawalt , concluded , " We continue to see significant customer demand across all our business segments and anticipate finishing the year on a high note . The growth in our core markets combined with our expanded 1