Alta Equipment Group; Custom Truck One Source; Deere & Co.; The Home Depot

May. 22, 2022

Alta Equipment Group, Livonia, Mich., earned $331.7 million in net revenue during the 2022 first quarter, up 23.4 percent compared to $268.8 million in the 2021 first quarter.

Custom Truck One Source, Kansas City, Mo.reported pro forma rental revenue of $109.15 million the three months ended March 31, 2022, an 8.9 percent increase compared to 2021 pro forma rental revenue of $100.26 million, driven primarily by an increase in rental equipment utilization and steady rental yield. Total revenue in the first quarter, including rental revenue, equipment sales, and parts and services revenue, was $366.5 million.

Deere & Co., Moline, Ill., earned net income of $2.10 billion for the 2022 fiscal second quarter, up from the $1.79 billion in net income earned during the same period last year. For the first six months of the year, net income was $3.00 billion, compared to $3.01 billion for the same period last year.

The Home Depot, Atlanta, reported net sales of $38.91 billion for the first quarter of fiscal 2022, an increase of 3.8 percent compared to $37.50 billion in the first quarter of fiscal 2021.

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