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.

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SEGUIN, Texas , Jan. 3, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.22 per share, approving an increase in the Company's quarterly dividend, from $0.18 per share to $0.22 per share.  Payment will be made on February 1, 2023 to shareholders of record at the close of business on January 18, 2023.

ALAMO GROUP INC. DECLARES AND INCREASES REGULAR QUARTERLY DIVIDEND

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Dividend Challengers Review: Alamo Group

Alamo Group Inc. (NYSE:ALG ) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Greg Burns - Sidoti and Company Mike Buskey - D. A Davidson Operator Greetings and welcome to the Alamo Group, Inc. Third quarter 'twenty to 2022 conference call.

Alamo Group Inc. (ALG) Q3 2022 Earnings Call Transcript

SEGUIN, Texas , Nov. 3, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported record results for the third quarter ended September 30, 2022. Highlights for the Quarter Net sales of $368.8 million, up 9.0% Vegetation Management net sales of $228.5 million, up 8.9% Industrial Equipment net sales of $140.3 million, up 9.2% Income from operations of $35.8 million, up 19.3% Net income of $25.8 million, or $2.16 per diluted share, up 46.9% Trailing twelve-month EBITDA of $179.0 million, up 10.4% from full year 2021(1) Backlog of $908.9 million, up 40.9% compared to prior year third quarter-end Results for the Quarter Third quarter 2022 net sales were $368.8 million compared to $338.3 million in the third quarter of 2021, an increase of 9.0%.

ALAMO GROUP ANNOUNCES RECORD 2022 THIRD QUARTER SALES AND EARNINGS

SEGUIN, Texas , Oct. 27, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the third quarter 2022 after the market closes on Thursday, November 3, 2022. The Company will host a conference call to discuss the results on Friday, November 4, 2022 at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2022 EARNINGS CONFERENCE CALL

Press release , Helsinki, 2 5 October 2022 at 9 AM (EE S T)

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With the Manufacturing - Farm Equipment industry set to gain from improving farm income, commodity prices and investment in technology, Deere (DE), AGCO Corp (AGCO), Lindsay (LNN), Alamo (ALG) and Titan International (TWI) are poised to ride on this trends.

5 Farm Equipment Stocks to Watch in a Promising Industry

After losing some value lately, a hammer chart pattern has been formed for Alamo Group (ALG), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Alamo Group (ALG) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Alamo Group Inc. (NYSE:ALG ) Q2 2022 Results Conference Call August 4, 2022 1:00 PM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Greg Burns - Sidoti & Company Operator Ladies and gentlemen, good day, and welcome to the Alamo Group Inc. Second Quarter 2022 Conference Call.

Alamo Group Inc. (ALG) CEO Jeff Leonard on Q2 2022 Results - Earnings Call Transcript

SEGUIN, Texas , Aug. 3, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2022. Highlights for the Quarter Net sales of $396.2 million, up 14.0% Vegetation Management net sales of $255.0 million, up 18.8% Industrial Equipment net sales of $141.2 million, up 6.3% Income from operations of $40.9 million, up 21.8% Net income of $28.5 million, or $2.39 per diluted share, up 9.4% Trailing twelve-month EBITDA of $172.9 million, up 6.7% from full year 2021(1) Backlog of $894.0 million, up 77.5% compared to prior year second quarter-end Results for the Quarter Second quarter 2022 net sales were $396.2 million compared to $347.6 million in the second quarter of 2021, an increase of 14.0%.

ALAMO GROUP ANNOUNCES RECORD 2022 SECOND QUARTER SALES AND EARNINGS

SEGUIN, Texas , July 27, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter 2022 after the market closes on Wednesday, August 3, 2022. The Company will host a conference call to discuss the results on Thursday, August 4, 2022 at 1:30 p.m.

ALAMO GROUP INC. ANNOUNCES SECOND QUARTER 2022 EARNINGS CONFERENCE CALL

Alamo Group Inc. (NYSE:ALG ) Q1 2022 Results Conference Call May 5, 2022 4:00 PM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Operator Good day, and welcome to the Alamo Group Inc. First Quarter 2022 Conference Call.

Alamo Group Inc. (ALG) CEO Jeff Leonard on Q1 2022 Results - Earnings Call Transcript

Alamo Group has been seeing record revenues, but margins held profits back to some degree. Supply chain issues, chips shortages, inflation, and other risks create a turbulent environment, as demand is still strong, at least for now.

Alamo Group - Plowing Along

SEGUIN, Texas , May 4, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2022. Highlights for the Quarter Net sales of $362.0 million, up 16.3% Vegetation Management net sales of $221.0 million, up 20.2% Industrial Equipment net sales of $141.0 million, up 10.8% Income from operations of $29.1 million, up 14.5% Net income of $18.5 million, or $1.55 per diluted share, up 5.8% Adjusted net income of $19.4 million, or $1.63 per diluted share, up 11.4% (1) Trailing twelve-month EBITDA of $165.7 million, up 2.2% from full year 2021(1) Backlog of $917.8 million, up 102.8% compared to prior year first quarter-end Results for the Quarter First quarter 2022 net sales were $362.0 million compared to $311.2 million in the first quarter of 2021, an increase of 16.3%.

ALAMO GROUP ANNOUNCES RECORD 2022 FIRST QUARTER SALES AND EARNINGS

SEGUIN, Texas , April 28, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter 2022 after the market closes on Wednesday, May 4, 2022. The Company will host a conference call to discuss the results on Thursday, May 5, 2022 at 4:00 p.m.

ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2022 EARNINGS CONFERENCE CALL

Earlier this week, Alamo Group Inc. (NYSE:ALG) announced a 2030 target to reduce its greenhouse gas emissions by 50% using its 2019 emissions as its base.

Alamo Commits to 50% Reduction in Greenhouse Gas Emissions by 2030

SEGUIN, Texas, March 7, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today a 2030 target to reduce its greenhouse gas emissions by 50% as compared to its 2019 base year.  This target covers Scope 1 & 2 emissions as defined in The Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standards published by the World Business Council for Sustainable Development and World Resources Institute.

ALAMO GROUP TARGETS 50% GREENHOUSE GAS EMISSIONS REDUCTION BY 2030

Alamo Group Inc. (ALG) CEO Jeff Leonard on Q4 2021 Results - Earnings Call Transcript

SEGUIN, Texas, Feb. 24, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2021.  Highlights Fourth quarter net sales of $337.2 million, up 16.8% Vegetation Management net sales up 27.4% Industrial Equipment net sales up 3.6% Record fourth quarter diluted EPS of $1.62, up 107.7% Record net sales for the full year of $1.3 billion, up 14.7% Record EBITDA for the full year 2021 of $162.1 million, up 16.4%(1) Record full year diluted EPS of $6.75; up 38.3% year-over-year Record backlog of $800.8 million at year-end 2021, up 126.2% versus prior year Completed the acquisition of Timberwolf Ltd.

ALAMO GROUP ANNOUNCES RECORD 2021 FOURTH QUARTER AND YEAR END RESULTS

SEGUIN, Texas, Feb. 17, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the fourth quarter and year-end 2021 after the market closes on Thursday, February 24, 2022. The Company will host a conference call to discuss the results on Friday, February 25, 2022 at 11:00 a.m.

ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER AND YEAR-END 2021 EARNINGS CONFERENCE CALL

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SEGUIN, Texas, Jan. 3, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.18 per share, approving an increase in the Company's quarterly dividend, from $0.14 per share to $0.18 per share.  Payment will be made on February 1, 2022 to shareholders of record at the close of business on January 18, 2022.

Alamo Group Inc. Declares and Increases Regular Quarterly Dividend

News for Alamo Group Stock (ALG)