Alta Equipment Group Inc. (ALTG) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425b-4f53-70b2-8a7d-903c07d05689 Created: 2026-08-27T08:34:36.270Z Duration: 290.351 Channels: 1 00:00:00.000 -- 00:00:02.480 Impact first quarter when 00:00:02.480 -- 00:00:04.800 you were exiting 2025. 00:00:06.000 -- 00:00:07.520 And when I look at, like, say, the 00:00:07.520 -- 00:00:10.240 last five years, and just I just kind 00:00:10.240 -- 00:00:11.919 of wanted to see differential. 00:00:12.559 -- 00:00:13.360 The 00:00:13.679 -- 00:00:15.759 average sequential decline 00:00:15.945 -- 00:00:18.585 over the last five years has been 18.5% 00:00:18.585 -- 00:00:21.064 and the median has been down 26.5% 00:00:21.064 -- 00:00:23.224 and you were down almost 40%. 00:00:23.305 -- 00:00:25.064 I guess the question is, 00:00:26.025 -- 00:00:28.505 do you see or maybe you haven't even 00:00:28.505 -- 00:00:30.664 thought about it, that this change 00:00:31.300 -- 00:00:34.739 with regards to depreciation and being able to 00:00:34.739 -- 00:00:38.420 expense is going to change the seasonality of 00:00:38.500 -- 00:00:41.379 the equipment business to where you would have 00:00:41.379 -- 00:00:42.180 perhaps 00:00:42.739 -- 00:00:46.739 more robust fourth quarters than you might have 00:00:45.345 -- 00:00:47.665 had historically in weaker 00:00:48.305 -- 00:00:50.065 first quarters for the same reason? 00:00:51.905 -- 00:00:53.185 Ed, I think the 00:00:54.385 -- 00:00:57.265 one big beautiful bill here in 00:00:57.425 -- 00:01:00.610 the declines or the increases and decreases, I 00:01:00.610 -- 00:01:01.650 think the numbers, 00:01:02.210 -- 00:01:03.570 as I recall, 00:01:03.890 -- 00:01:04.770 Q3, 00:01:04.770 -- 00:01:06.530 we did roughly $300,000,000 00:01:06.530 -- 00:01:08.770 of new and used equipm...