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.

Earnings data Q1 2024

ALG reports record Q1 sales and backlog growth, eyes expansion

ALG delivered a strong performance in Q1 2023, driven by robust demand, improved efficiencies, and a growing backlog. The company expressed confidence in achieving operating margin targets and discussed opportunities for further margin improvement. While there are some cautionary notes related to rising interest rates, the company sees opportunities in acquisitions, expansion in Europe, and the commercial introduction of electrified products.

ALG reports record Q2 earnings, eyes European expansion for growth

ALG's Q2 2023 earnings call reflects strong performance, with record net sales and net income. The company is focused on margin expansion, operational changes, and capital expenditures to drive growth. Despite labor market challenges, management remains optimistic about driving margins higher and expanding manufacturing capacity in Europe.

Alamo Group Inc. reports record Q3 performance and eyes European expansion

Alamo Group's Q3 performance reflects robust growth, particularly in the Industrial Equipment division. While facing challenges related to supply chain constraints and strategic acquisitions, the company is well-positioned to capitalize on opportunities in Europe and the electrification market.

ALG achieves record earnings, eyes margin expansion and growth opportunities

ALG delivered strong financial performance in Q4 2023 and full-year 2023, with a focus on debt reduction and strategic growth initiatives. While facing challenges in certain divisions and supply chain issues, the company remains optimistic about revenue growth and margin expansion in 2024.

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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 , 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.

ALAMO GROUP INC. RECEIVES NOTIFICATION OF STRIKE AT GRADALL INDUSTRIES LLC

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The Manufacturing - Farm Equipment industry stocks Deere (DE), Kubota (KUBTY), CNH Industrial (CNHI) and Alamo (ALG) are set to gain from improving farm equipment demand and investment in technology.

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SEGUIN, Texas , April 1, 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 April 29, 2024, to shareholders of record at the close of business on April 16, 2024.

ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

Alamo Group is a manufacturer and distributor of industrial and vegetation management equipment. Alamo Group has shown consistent growth in sales and profitability, outperforming the S&P 500 over the past 20 years. In the company's latest results, Alamo reported a miss on revenue and EPS but the headwinds seem to be temporary.

Alamo Group: A Steady Performer In The Industrials Sector

SEGUIN, Texas , March 6, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that Richard J. Wehrle, Executive Vice President, Chief Financial Officer and Treasurer, will retire from the Company on May 3, 2024.

ALAMO GROUP INC. ANNOUNCES RICHARD J.

Alamo Group Inc. (ALG) Q4 2023 Earnings Call Transcript

Air Products and Chemicals

SEGUIN, Texas , Feb. 22, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that Roderick ("Rock") R. Baty will retire from the Board of Directors effective April 30, 2024.

ALAMO GROUP INC. ANNOUNCES RETIREMENT OF BOARD MEMBER, APPOINTMENT OF NEW BOARD CHAIR AND APPOINTMENT OF NEW DIRECTOR

SEGUIN, Texas , Feb. 22, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2023. Highlights Ninth consecutive quarterly record for sales and earnings Fourth quarter net sales of $417.5 million, up 8% Fourth quarter operating income of $44.8 million, up 5% Fourth quarter net income of $31.5 million, or $2.63 per diluted share, up 8% Full year net sales of $1.69 billion, up 12% Full year operating income of $198.0 million, up 33% Full year net income of $136.2 million, up 34% Full year diluted EPS was $11.36, up 33% Record EBITDA of $246.6 million, up 26% Year-end 2023 backlog at $860 million Fourth Quarter Results Fourth quarter 2023 net sales were $417.5 million compared to $386.6 million in the fourth quarter of 2022, an increase of 8%.

ALAMO GROUP ANNOUNCES RECORD 2023 FOURTH QUARTER AND YEAR END RESULTS

CF Industries Holdings

Deere (NYSE: DE ) stock has recently fallen following their release of the fourth quarter earnings report that stated total revenue and earnings per share beat analyst estimates. Still, the outlook regarding the first quarter of 2024 fell short of expectations, with net income projected between $7.5 – $7.75 billion and analyst projections of $7.83 billion.

3 Ag Stocks to Watch After Deere's Gloomy Outlook

SEGUIN, Texas , Feb. 15, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the fourth quarter and full year 2023 after the market closes on Thursday, February 22, 2024. The Company will host a conference call to discuss the results on Friday, February 23, 2024, at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL

Lindsay

The Zacks Rank for the Manufacturing - Farm Equipment industry paints a gloomy picture. Investors should keep an eye on these four stocks braving these headwinds -- Deere (DE), Kubota (KUBTY), Alamo Group (ALG) and Lindsay Corp (LNN).

4 Farm Equipment Stocks to Watch Amid Industry Challenges

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A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Dividend Champion, Contender, And Challenger Highlights: Week Of January 7

Immersion Corporation (IMMR), Bank OZK (OZK), United Bancorporation of Alabama, Inc. (UBAB) and Alamo Group Inc. (ALG) recently hiked dividends.

4 Stocks in Focus That Recently Hiked Their Dividends

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A healthy demand environment with an improvement in supply chain and easing inflationary pressure augur well for the industrial sector heading into 2024. ETN, AXON, AOS, ALG and KAI are likely to continue their momentum.

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Stocks like A. O. Smith Corporation (AOS), Emerson Electric (EMR), Graham Corporation (GHM), Flowserve Corporation (FLS) and Alamo Group (ALG) are poised to benefit from the steady acceleration in industrial production.

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One company is doubling down on the automation industry. Industrial suppliers will be a vital part of the manufacturing renaissance in the U.S. Infrastructure spending is as much about maintaining expenditures as replacing or building new infrastructure.

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Alamo Group has seen record revenues and expanded its margins, as the business is performing very well. The company specializes in agriculture and infrastructure equipment, with a strong track record, driven by a diverse product range in niche segments. Despite some headwinds, including a decrease in the backlog, Alamo Group's performance and balance sheet strength make it a promising investment option.

Alamo Group: Growing More Appreciative

Here is how Alamo Group (ALG) and Atlas Copco AB (ATLKY) have performed compared to their sector so far this year.

Is Alamo Group (ALG) Stock Outpacing Its Industrial Products Peers This Year?

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.

What Makes Alamo Group (ALG) a Good Fit for 'Trend Investing'

Are Industrial Products Stocks Lagging Alamo Group (ALG) This Year?

The mean of analysts' price targets for Alamo Group (ALG) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts See a 26.54% Upside in Alamo Group (ALG): Can the Stock Really Move This High?

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News for Alamo Group Stock (ALG)