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COMPANY BENCHMARKING • UNITED STATES

Altec Inc. - Company Profile

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Altec Inc. - Overview

Brands
Altec AIR, Altec Nueco, Altec Supply, Chloe, Global
Description
Altec is a private company with an estimated 3,674 employees. In the US, the company has a notable market share in at least three industries: Construction Machinery Manufacturing, Forklift & Conveyor Manufacturing, Power Tools & Other General Purpose Machinery Manufacturing and Power Tools & Other General Purpose Machinery Manufacturing. Their largest market share is in the Forklift & Conveyor Manufacturing industry, where they account for an estimated 1.7% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Altec Inc.

Company Type: Other

Employees: 3674

Altec Inc. - Operating Industries and Main Competitors

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Altec Inc. - Products and Services

  • Construction Machinery Manufacturing in the US

  • Of the 5 core revenue-generating products and services in the Construction Machinery Manufacturing in the US industry, Altec Inc. offers:
    • Other construction machinery and equipment
    • Parts for other machinery
    • Power cranes, draglines and shovels
  • Forklift & Conveyor Manufacturing in the US

  • Of the 4 core revenue-generating products and services in the Forklift & Conveyor Manufacturing in the US industry, Altec Inc. offers:
    • Conveyors and conveying equipment
    • Elevators and escalators
    • Forklifts and industrial trucks, trailers and stackers
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Altec Inc. - Analyst Insights

Altec announces senior leadership plan

The Board of Directors of Altec announced the election of Allen W. Ritchie as President and Chief Executive Officer. Mr. Ritchie will also join Altec’s Board of Directors. Altec is a third-generation family-owned business founded by Lee Styslinger in 1929.

Structural


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Altec Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Altec Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Power Tools & Other General Purpose Machinery Manufacturing in the US, Construction Machinery Manufacturing in the US, and Forklift & Conveyor Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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error_outline To view Altec Inc.'s full SWOT analysis, see purchase options.

Altec Inc. - Financial Statements & Ratios

pie_chartAltec Inc. Income Statement

BALANCE DATE12/31/2022
Revenue403.3
Cost of Revenue0000
Cost of Revenue, Non-Cash0000
Gross Profit0000
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pie_chartAltec Inc. Balance Sheet

BALANCE DATE12/31/2022
Cash and EquivalentsN/A
Short-Term Investments0000
Derivative Assets, Current0000
Restricted Cash and Investments0000
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pie_chartAltec Inc. Cash Flow

BALANCE DATE12/31/2022
Net IncomeN/A
Income (Loss) From Discontinued Operations0000
Depreciation, Depletion and Amortization0000
Amortization of Financing Costs and Discounts0000
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  • Products and Services
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