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Financial results: Alta Equipment Group; Custom Truck One Source; Deere & Co.

By Stephen Elliott

August 27, 2023

Alta Equipment Group, Livonia, Mich., earned $468.4 million in total revenue during the 2023 second quarter, a 15.2 percent increase compared to $406.5 million the year before. Total revenue for the first six months of 2023 was $889.1 million, up 20.4 percent compared to $738.2 million in the first six months of 2022. 

Custom Truck One Source, Kansas City, Mo., reported 2023 second quarter total revenue of $456.83 million, compared to $362.11 million earned during the 2022 second quarter. Total revenue for the first six months of 2023 was $908.99 million compared to $728.58 million during the same time last year. 

Deere & Co., Moline, Ill., reported net income of $2.98 billion for the fiscal third quarter, compared to net income of $1.88 billion for the 2022 fiscal third quarter. For the first nine months of fiscal year 2023, net income was $7.80 billion compared with $4.89 billion in fiscal 2022.