LIVONIA, Mich. (AP) — LIVONIA, Mich. (AP) — Alta Equipment Group Inc. (ALTG) on Wednesday reported a loss of $10.6 million in its fourth quarter.
On a per-share basis, the Livonia, Michigan-based company said it had a loss of 34 cents.
The company posted revenue of $498.1 million in the period.
For the year, the company reported a loss of $62.1 million, or $1.96 per share, swinging to a loss in the period. Revenue was nearly unchanged at $1.88 billion.
Alta Equipment shares have fallen 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.10, a decline of 53% in the last 12 months.
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