Alamo Group

Alamo Group, Inc. engages in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, zero turn radius mowers, agricultural implements, and related aftermarket parts. It operates through the following business segments: Vegetation Management and Industrial Equipment Division. The Vegetation Management Division includes all of the operations of the former Agricultural Division plus the mowing and tree care operations. The Industrial Equipment Division includes the Company's vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment. The company was founded by Donald J. Douglass in 1969 and is headquartered in Seguin, TX.

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Alamo Group achieves record Q4 earnings, eyes M&A opportunities

Alamo Group's Q4 2022 earnings call showcased strong financial performance, record sales, and income, despite challenges, reflecting resilience and market demand for its products.
The company's strategic focus on cost management, pricing adjustments, and supply chain enhancements positions it well for sustainable growth and profitability in 2023 and beyond.
While facing challenges related to labor availability and supply chain disruptions, Alamo Group remains proactive in addressing these issues and exploring opportunities for expansion and operational improvements.

Alamo Group achieves record Q1 performance, eyes sustainable growth

Alamo Group's Q1 2023 performance showcased record sales and income driven by operational improvements.
Management's focus on cost control, pricing adjustments, and supply chain enhancements bode well for future growth.
Challenges include potential market dynamics in 2024 and managing costs amidst labor shortages.
Opportunities lie in expanding in Europe, transitioning to electric products, and sustaining margins through efficiencies.

Alamo Group achieves record Q2 earnings amidst operational challenges

Alamo Group's Q2 2023 performance reflects robust financial growth, driven by record net sales and income, showcasing operational strength and profitability.
While facing challenges such as labor shortages and supply chain constraints, the company is strategically focused on efficiency, debt reduction, and margin improvement.
Opportunities lie in capital investments for capacity expansion, international growth initiatives, and operational optimizations to drive profitability and enhance market position.

Alamo Group achieves record Q3 results amidst challenges and opportunities

Alamo Group's Q3 2023 performance showcased robust growth in sales and earnings, driven by operational efficiency and market demand. While facing challenges like inflation and labor constraints, the company remains optimistic about opportunities for growth through fleet expansion, European investments, and new product launches. Management's focus on strategic acquisitions and operational improvements bodes well for future performance.

Alamo Group achieves record sales in Q4 2023, eyes growth

Alamo Group delivered strong financial performance in Q4 2023, with record sales and earnings, positioning the company for future stability and growth.
Challenges in supply chain components and labor shortages are being addressed, while opportunities in revenue growth and product expansion are being pursued.
Management's proactive approach to cost control, debt reduction, and strategic focus on growth segments bode well for the company's outlook.
Overall, Alamo Group remains optimistic about its future performance, expecting improvements by mid-year and anticipating significant sales boost from Royal Truck in 2024.

Alamo Group reports record Q1 sales, navigates margin challenges

Alamo Group's Q1 2024 performance reflects record net sales driven by Industrial Equipment division, while facing margin challenges in Vegetation Management.
The company maintains financial strength, pursues growth opportunities through M&A and operational improvements, and addresses challenges proactively.
With a focus on cost control, operational efficiency, and market diversification, Alamo Group aims to sustain profitability and navigate uncertainties in sales growth.
Management transitions and strategic initiatives position the company for continued growth and resilience in a dynamic market environment.

Alamo Group reports Q2 earnings decline, focuses on operational efficiency

Alamo Group faced challenges in the Vegetation Management market but demonstrated strength in reducing debt and improving cash flow.
The Industrial Equipment Division showed resilience with record net sales, despite a strike affecting sales.
Strategic actions to streamline operations and enhance profitability indicate a proactive approach to addressing market challenges.
Opportunities exist for optimizing operations, improving financial performance, and leveraging the company's strengths for future growth.

Alamo Group reports Q3 revenue decline, focuses on cost savings

Alamo Group's Q3 performance reflects mixed results with revenue decline, contrasting divisional sales performances, and cost-saving efforts. While facing challenges in certain segments, the company shows resilience through debt reduction and a share repurchase program. By leveraging opportunities in the Industrial Equipment division and cost efficiencies, Alamo Group aims to navigate current headwinds and drive future growth.

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Alamo Group, Inc. engages in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, zero turn radius mowers, agricultural implements, and related aftermarket parts. It operates through the Vegetation Management and Industrial Equipment segments. The Vegetation Management segment includes all of the operations of the former agricultural division plus the mowing and tree care operations. The Industrial Equipment segment covers the company's vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment. The company was founded by Donald J. Douglass in 1969 and is headquartered in Seguin, TX.

Alamo Group (ALG) came out with quarterly earnings of $3.03 per share, missing the Zacks Consensus Estimate of $3.12 per share. This compares to earnings of $2.39 per share a year ago.

Alamo Group (ALG) Q2 Earnings and Revenues Lag Estimates

SEGUIN, Texas , Aug. 2, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2023. Highlights for the Quarter Net sales of $440.7 million, up 11.2% Vegetation Management net sales of $261.3 million, up 2.5% Industrial Equipment net sales of $179.3 million, up 27.0% Income from operations of $54.4 million, up 32.9% Net income of $36.4 million, or $3.03 per diluted share, up 26.8% Trailing twelve-month EBITDA of $230.4 million, up 17.6% from full year 2022(1) Backlog of $891.2 million, slightly down compared to prior year second quarter-end Results for the Quarter Record second quarter 2023 net sales of $440.7 million increased 11.2% compared to $396.2 million in the second quarter of 2022.

ALAMO GROUP ANNOUNCES RECORD 2023 SECOND QUARTER SALES AND EARNINGS

SEGUIN, Texas , July 26, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter of 2023 after the market closes on Wednesday, August 2, 2023. The Company will host a conference call to discuss the results on Thursday, August 3, 2023 at 9:00 a.m.

ALAMO GROUP INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS CONFERENCE CALL

Alamo Group (ALG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Alamo Group (ALG) Could Beat Earnings Estimates Again

The economic climate remains uncertain, marked by weakness in manufacturing on the one hand and strong job numbers on the other hand. Despite challenges, Alamo's earnings continue to soar, as evident from the company's latest results. ALG's future looks bright and it looks poised to not only grow earnings but also expand margins in the future.

Alamo: The Diamond In The Rough That's Worth Closely Following

If you are looking for stocks that are well positioned to maintain their recent uptrend, Alamo Group (ALG) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Alamo Group (ALG) is on the Move, Here's Why the Trend Could be Sustainable

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Here is how Alamo Group (ALG) and Allegion (ALLE) have performed compared to their sector so far this year.

Is Alamo Group (ALG) Outperforming Other Industrial Products Stocks This Year?

Alamo Group (ALG) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Recent Price Trend in Alamo Group (ALG) is Your Friend, Here's Why

Has Alamo Group (ALG) Outpaced Other Industrial Products Stocks This Year?

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The Manufacturing - Farm Equipment industry stocks Deere (DE), AGCO, Alamo (ALG) and Lindsay (LNN) are set to gain from improving farm income, commodity prices and investment in technology.

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Alamo Group (ALG) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Alamo Group (ALG) Is a Great Choice for 'Trend' Investors, Here's Why

Alamo Group Inc. (NYSE:ALG ) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Edward Rizzuti - Investor Relations Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President and Chief Sustainability Officer Conference Call Participants Mike Shlisky - D.A. Davidson Greg Burns - Sidoti & Company Chip Moore - EF Hutton Chris Moore - CJS Securities Operator Greetings and welcome to the Alamo Group Inc. First Quarter 2023 Conference Call.

Alamo Group Inc. (ALG) Q1 2023 Earnings Call Transcript

SEGUIN, Texas , May 4, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2023. Highlights for the Quarter Net sales of $411.8 million, up 13.7% Vegetation Management net sales of $256.4 million, up 16.0% Industrial Equipment net sales of $155.3 million, up 10.2% Income from operations of $49.0 million, up 68.4% Net income of $33.3 million, or $2.79 per diluted share, up 80.6% Trailing twelve-month EBITDA of $216.3 million, up 10.4% from full year 2022(1) Backlog of $994.8 million, up 8.4% compared to prior year first quarter-end Results for the Quarter Record first quarter 2023 net sales of $411.8 million increased 13.7% compared to $362.0 million in the first quarter of 2022.

ALAMO GROUP ANNOUNCES RECORD 2023 FIRST QUARTER SALES AND EARNINGS

SEGUIN, Texas , April 27, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter 2023 after the market closes on Thursday, May 4, 2023. The Company will host a conference call to discuss the results on Friday, May 5, 2023 at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2023 EARNINGS CONFERENCE CALL

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Alamo Group Provides Investors With An Attractive Long-Term Opportunity

Here's Why Momentum in Alamo Group (ALG) Should Keep going

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Alamo Group Inc. (NYSE:ALG ) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeffery Leonard - Chief Executive Officer and President Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Chris Moore - CJS Securities Gregory Burns - Sidoti & Company Tim Moore - EF Hutton David Johnson - D.A. Davidson Operator Greetings and welcome to the Alamo Group's Fourth Quarter 2022 Conference Call.

Alamo Group Inc. (ALG) Q4 2022 Earnings Call Transcript

SEGUIN, Texas , Feb. 23, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2022. Highlights Fourth quarter net sales of $386.6 million, up 15% Fourth quarter operating income of $42.7 million, up 53% Fourth quarter net income of $29.2 million, or $2.44 per diluted share, up 52% Full year net sales of $1.5 billion, up 13% year over year Full year operating income of $148.6 million, up 27% Full year net income of $101.9 million, up 27% Full year diluted EPS was $8.54, up 27% Record EBITDA of $195.9 million, up 21% year over year(1) Backlog of $1.0 billion, up 26% compared to year-end 2021 Fourth Quarter Results Fourth quarter 2022 net sales were $386.6 million compared to $337.2 million in the fourth quarter of 2021, an increase of 15%.

ALAMO GROUP ANNOUNCES RECORD 2022 FOURTH QUARTER AND YEAR END RESULTS

SEGUIN, Texas , Feb. 17, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced it will host a conference call to discuss fourth quarter and year end 2022 financial results on Friday, February 24, 2023 at 10:00 a.m. ET. Hosting the call will be members of senior management.

ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER AND YEAR-END 2022 EARNINGS CONFERENCE CALL

Alamo Group has a history of attractive sales, profit, and cash flow growth. The trend for the company for the first three quarters of 2022 was positive as well, thanks to management's efforts.

News for Alamo Group Stock (ALG)