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.

SEGUIN, Texas , Dec. 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that Jeff Leonard, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2025 and upon the appointment of his successor. As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr.

ALAMO GROUP INC. ANNOUNCES CEO RETIREMENT PLAN

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SEGUIN, Texas , Dec. 4, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Colleen Haley as a new independent member of the Board effective December 4, 2024.  Ms. Haley, 57, has been Chief Executive Officer of Quality Metalcraft/Experi-Metal, Inc. ("QMC-EMI") since March 2021.

ALAMO GROUP INC. ANNOUNCES BOARD EXPANSION AND APPOINTMENT OF NEW DIRECTOR

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Alamo Group Inc (NYSE:ALG ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Mike Shlisky - D.A. Davidson Chris Moore - CJS Securities Mig Dobre - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Third Quarter 2024 Conference Call.

Alamo Group Inc (ALG) Q3 2024 Earnings Call Transcript

SEGUIN, Texas , Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase in the aggregate up to $50 million of its outstanding common stock. Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "This share repurchase program is part of a disciplined capital allocation strategy that demonstrates our commitment to enhancing shareholder value.

ALAMO GROUP INC. ANNOUNCES SHARE REPURCHASE PROGRAM

SEGUIN, Texas , Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2024. Highlights for the Quarter Net Sales of $401.3 million, down 4.4% versus prior year Industrial Equipment Division net sales of $211.2 million, up 22.3% Vegetation Management Division net sales of $190.1 million, down 23.0% Income from operations of $40.1 million, 10.0% of net sales Net income of $27.4 million Fully diluted EPS of $2.28 per share, including $0.10 of expense associated with workforce reductions; EPS of $2.38 per share excluding such expense (1) Total debt net of cash of $84.1 million improved by $126.2 million or 60.0% compared to third quarter 2023 (1) Backlog at the end of the third quarter was $728.8 million Trailing twelve-month EBITDA of $228.2 million holds at 13.7% of Net Sales (1) The Company is implementing cost saving actions targeting annualized savings of $25 to $30 million Workforce reduction expenses for the third quarter and first nine months were approximately $1.6 and $3.2 million, respectively Third Quarter Results Third quarter 2024 net sales of $401.3 million decreased 4.4% compared to $419.6 million in the third quarter of 2023.

ALAMO GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND COST REDUCTION ACTIONS

SEGUIN, Texas , Oct. 24, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the third quarter of 2024 after the market closes on Thursday, October 31, 2024. The Company will host a conference call to discuss the results on Friday, November 1, 2024, at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL

SEGUIN, Texas , Oct. 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on October 28, 2024, to shareholders of record at the close of business on October 15, 2024.

ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

SEGUIN, Texas , Aug. 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd.

ALAMO GROUP INC. ANNOUNCES THE SALE OF HERSCHEL PARTS BUSINESS

Alamo Group is a well-managed, stable company with strong fundamentals, making it an attractive investment for conservative investors. Alamo Group is efficiently allocating capital with a consistently higher ROIC than its competitors, but it lacks a significant competitive moat. Key growth catalysts include increasing infrastructure spending, superior capital allocation, and resolution of temporary setbacks, though the cyclical nature of the Vegetation Management Division poses a risk.

Alamo Group: Solid Compounder At An Attractive Price

Alamo Group Inc (NYSE:ALG ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Mig Dobre - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Second Quarter 2024 Conference Call.

Alamo Group Inc (ALG) Q2 2024 Earnings Call Transcript

SEGUIN, Texas , July 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2024. Highlights for the Quarter Net Sales of $416.3 million, down 5.5% versus prior year Industrial Equipment net sales of $204.8 million, up 14.2% Vegetation Management net sales of $211.5 million, down 19.1% Income from operations of $43.3 million, 10.4% of net sales Net income of $28.3 million Second quarter fully diluted EPS of $2.35 per share; EPS results of $2.35 per share include the unfavorable impact of Gradall strike of approximately $0.22 per share Total debt net of cash improved $60.5 million or 25.7% compared to second quarter 2023 (1) Backlog remained healthy at $768.9 million at the end of the second quarter 2024 (1) Trailing twelve-month EBITDA of $236.6 million, at 14.1% of Net Sales (1) Cost reduction actions taken expected to achieve approximately $10 million of savings in the remainder of 2024, net of restructuring costs Results for the Quarter Second quarter 2024 net sales were $416.3 million compared to $440.7 million in the second quarter of 2023.

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024

SEGUIN, Texas , July 24, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter of 2024 after the market closes on Wednesday, July 31, 2024. The Company will host a conference call to discuss the results on Thursday, August 1, 2024, at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS CONFERENCE CALL

SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Big Sky Medical, a leading healthcare real estate investment firm, today announced the acquisition of Sunset at Treeline, a cutting-edge medical outpatient building in San Antonio's prestigious Alamo Heights neighborhood. The off-market transaction secures a strategically located property adjacent to the CHRISTUS Santa Rosa Alamo Heights campus, with high visibility along Highway 281.

Big Sky Medical Acquires Prime Medical Outpatient Building in San Antonio's Alamo Heights

SEGUIN, Texas , June 10, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that Michael A. Haberman, Executive Vice President of the Industrial Equipment Division, will retire from his current role on August 6, 2024.

ALAMO GROUP INC. ANNOUNCES MICHAEL A.

SEGUIN, Texas , May 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced that on May 20, 2024 the strike that began on April 14, 2024 by unionized workers at its subsidiary, Gradall Industries LLC, located in New Philadelphia, Ohio (the "Company"), has ended. The approximately 200 workers part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285, and the Company reached an agreement on a new five-year labor agreement.

ALAMO GROUP INC. ANNOUNCES END OF STRIKE AT GRADALL INDUSTRIES LLC

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Alamo Group Inc. (NYSE:ALG ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President and Chief Financial Officer Conference Call Participants Christopher Moore - CJS Securities Michael Shlisky - D.A. Davidson Mircea Dobre - Baird Timothy Moore - EF Hutton Operator Good day and welcome to the Alamo Group First Quarter 2024 Earnings Conference Call.

Alamo Group Inc. (ALG) Q1 2024 Earnings Call Transcript

SEGUIN, Texas , May 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2024. Highlights for the Quarter Record net sales of $425.6 million, up 3.4% Industrial Equipment net sales of $201.8 million, up 29.9% Vegetation Management net sales of $223.7 million, down 12.7% Income from operations of $47.0 million, 11.0% of net sales Net income of $32.1 million First quarter EPS of $2.67 per share Trailing twelve-month EBITDA of $246.2 million, stable versus record year-end 2023(1) Total debt net of cash improved $62.2 million or 23.8% compared to first quarter 2023(1) Backlog remained elevated at $831.3 million at the end of the first quarter 2024 Results for the Quarter Record first quarter 2024 net sales of $425.6 million increased 3.4% compared to $411.8 million in the first quarter of 2023.

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2024

SAN ANTONIO--(BUSINESS WIRE)-- #alamocenter--Alamo Center, formerly known as Alamo Center Education and Treatment, is thrilled to announce a strategic rebranding and a significant shift to a fully online education platform. This move is a testament to our commitment to cater to the evolving needs of individuals in Texas, providing court-ordered educational mandates with enhanced accessibility and convenience. A New Era of Court Ordered Classes Founded in 1995 as the first provider of offender education in Bex.

Alamo Center Pioneers the Future of Legal Education with 100% Online Court Ordered Classes

SEGUIN, Texas , April 25, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter 2024 after the market closes on Thursday, May 2, 2024. The Company will host a conference call to discuss the results on Friday, May 3, 2024, at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS CONFERENCE CALL

SEGUIN, Texas , April 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) was notified on April 14, 2024 that the unionized workers at its subsidiary, Gradall Industries LLC, located in New Philadelphia, Ohio (the "Company"), elected to strike after failing to reach a labor agreement with the Company.  The approximately 200 workers are part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285.

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