Alta's Customers Wait Until Post-Election to Make Big Purchases -- Market Talk

Dow Jones

2024/11/14

1134 ET - Alta Equipment Group's customers were holding their breath ahead of the U.S. election. CEO Ryan Greenawalt says on a call with analysts that customers put big capital investments in equipment on hold, awaiting the result of the election. He says the company has already seen sentiment among customers improve since last week's contest. Expected investments in infrastructure and more favorable policies may further drive demand for construction equipment, he says. Shares (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 13, 2024 11:36 ET (16:36 GMT)

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