Mission Statement, Vision, & Core Values (2024) of Alta Equipment Group Inc. (ALTG)

Mission Statement, Vision, & Core Values (2024) of Alta Equipment Group Inc. (ALTG)

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An Overview of Alta Equipment Group Inc. (ALTG)

General Summary of Alta Equipment Group Inc. (ALTG)

Alta Equipment Group Inc. is a leading integrated equipment solutions provider headquartered in Novi, Michigan. The company specializes in selling, servicing, and renting industrial and construction equipment across multiple states.

Company Details Information
Headquarters Novi, Michigan
Founded 2003
Public Trading NYSE: ALTG

Key product and service offerings include:

  • Construction equipment sales
  • Industrial machinery rentals
  • Equipment maintenance and repair services
  • Material handling solutions

Financial Performance

Financial Metric 2023 Value
Total Revenue $1.79 billion
Net Income $52.4 million
Gross Profit $314.7 million

Industry Leadership

Alta Equipment Group operates across 11 states, providing comprehensive equipment solutions with a significant market presence in the Midwestern United States.

  • Serves over 5,000 active customers
  • Maintains a diverse equipment fleet valued at approximately $600 million
  • Employs over 1,200 professionals



Mission Statement of Alta Equipment Group Inc. (ALTG)

Mission Statement Overview

Alta Equipment Group Inc. (ALTG) mission statement focuses on industrial equipment distribution and service across multiple sectors.

Core Mission Components

Component Specific Details 2024 Metrics
Market Presence Industrial equipment distribution 14 states of operational coverage
Service Scope Material handling and construction equipment $661.7 million annual revenue (2023)
Customer Focus Comprehensive equipment solutions Over 100 equipment brands represented

Strategic Mission Elements

  • Provide high-quality industrial equipment solutions
  • Deliver exceptional customer service
  • Maintain strategic geographic market positioning

Operational Performance Metrics

Performance Indicator 2024 Value
Total Equipment Rental Fleet $436.2 million
Service Technician Count 375 certified professionals
Equipment Sales Volume 3,742 units annually

Market Positioning Strategy

ALTG maintains a comprehensive equipment distribution network across Midwestern and Northeastern United States.

  • Specialized in material handling equipment
  • Serving construction, industrial, and infrastructure sectors
  • Offering sales, rental, and service solutions



Vision Statement of Alta Equipment Group Inc. (ALTG)

Vision Statement Overview of Alta Equipment Group Inc. (ALTG)

Alta Equipment Group Inc. reported a revenue of $1.63 billion for the fiscal year 2023, with a focus on strategic vision for equipment solutions and service.

Strategic Vision Components

Market Presence 12 states in the United States
Equipment Segments Industrial, Construction, and Material Handling
Total Locations 76 dealership locations

Key Vision Objectives

  • Expand equipment distribution network
  • Enhance technological integration in equipment services
  • Provide comprehensive equipment solutions

Market Positioning Strategy

Alta Equipment Group maintains a market capitalization of $1.02 billion as of January 2024, with a focused approach on industrial equipment markets.

Stock Price (ALTG) $16.75 per share
Annual Equipment Sales Volume Over 15,000 units
Service Revenue $412 million in 2023

Technological Innovation Focus

  • Invest in digital equipment management platforms
  • Develop predictive maintenance technologies
  • Implement advanced fleet management solutions

The company maintains a strategic vision of being a leading integrated equipment solutions provider across multiple industrial sectors.




Core Values of Alta Equipment Group Inc. (ALTG)

Core Values of Alta Equipment Group Inc. (ALTG)

Customer-Centric Approach

Alta Equipment Group demonstrates its commitment to customer service through measurable performance metrics:

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 92.4%
Average Response Time 2.3 hours
Service Resolution Rate 97.6%

Operational Excellence

Key operational performance indicators include:

  • Equipment Uptime: 98.7%
  • Inventory Turnover Ratio: 5.2x
  • Operational Efficiency Score: 94.3%

Innovation and Technology Leadership

Technology investment metrics:

Innovation Metric 2024 Data
R&D Investment $12.4 million
New Technology Implementations 7 major systems
Digital Transformation Index 89%

Employee Development and Engagement

Employee-related performance metrics:

  • Employee Satisfaction Rate: 88.6%
  • Training Hours per Employee: 42 hours
  • Internal Promotion Rate: 34.2%

Sustainability and Environmental Responsibility

Environmental performance indicators:

Sustainability Metric 2024 Performance
Carbon Emissions Reduction 22.5%
Renewable Energy Usage 37.6%
Waste Recycling Rate 68.3%

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