Alta Equipment Group ALTG Material Handling — Gain Loss On Sale Of Business
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Where this comes from
Reported directly by Alta Equipment Group in its filing.
Tagged under the XBRL concept us-gaap:GainLossOnSaleOfBusiness.
The source filing: Alta Equipment Group’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 4:17 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-338075
On March 1, 2026, the Company’s Material Handling segment entered into a definitive agreement and closed on the divestiture of its one location battery shop business in New England for $1.5 million in cash at closing, subject to fees and closing costs, resulting in a gain on the divestiture of $0.2 million disclosed in the line item “Loss (gain) on divestitures” in our Condensed Consolidated Statements of Operations. The Company allocated the proceeds from the divesture to reduce its outstanding senior indebtedness.
Item 1. Financial Statements
FAQ
- What is Alta Equipment Group's material handling — gain loss on sale of business?
- Alta Equipment Group (ALTG) reported material handling — gain loss on sale of business of $200K in Q1 2026.
- What does material handling — gain loss on sale of business mean?
- This metric represents the net profit or loss recognized upon the divestiture of a business unit or subsidiary within the Material Handling segment. It is calculated as the difference between the net proceeds received and the carrying value of the net assets sold. This provides insight into the financial success and strategic effectiveness of the company's portfolio management.
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