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. 9, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) is pleased to announce that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Nina Grooms as a new independent member of the Board, effective December 9, 2021.  Ms. Grooms has three decades of industry experience and is currently Chief Product Officer of May Mobility.

Alamo Group Announces Board Expansion And Appointment Of New Board Member

Alamo Group Inc. (ALG) CEO Jeff Leonard on Q3 2021 Results - Earnings Call Transcript

SEGUIN, Texas, Nov. 3, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2021. Highlights for the Quarter Total company net sales of $338.3 million, up 16% Industrial Division net sales of $219.0 million, up 12% Agricultural Division net sales of $119.3 million, up 25% Income from operations of $30.0 million, down 3% Adjusted Income from operations of $31.1 million, down 2% (1) Net income of $17.5 million, or $1.47 per diluted share, down 13% Adjusted net income of $18.9 million, or $1.59 per diluted share, down 8% (1) Trailing twelve-month Adjusted EBITDA of $156.5 million, remains up 7% from full year 2020(1) Total debt outstanding, compared to second quarter 2021, reduced $20.7 million and debt net of cash position improved $24.3 million Backlog of $645.1 million, up 154% compared to prior year third quarter Summary of Results Alamo Group's net sales for the third quarter of 2021 were $338.3 million compared to net sales of $291.8 million in the third quarter of 2020, an increase of 16%.

Alamo Group Announces 2021 Third Quarter Results

SEGUIN, Texas, Oct. 28, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the third quarter 2021 after the market closes on Wednesday, November 3, 2021. The Company will host a conference call to discuss the results on Thursday, November 4, 2021 at 3:00 p.m.

Alamo Group Inc. Announces Third Quarter 2021 Earnings Conference Call

SEGUIN, Texas, Oct. 26, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has acquired 100% of the outstanding capital shares of Timberwolf Limited ("Timberwolf") in the U.K.  Timberwolf's 2021 fiscal year sales were approximately £15 million (US$ 21 million). Timberwolf manufactures a broad range of commercial wood chippers primarily serving markets in the U.K. and the European Union.

Alamo Group Announces Acquisition Of U.K.-Based Timberwolf Limited

The Dow Jones jumped for a second straight day and rose about 80 points or 0.3%. The S&P 500 rose 0.3% and the Nasdaq﻿﻿ added 0.4%.

Alamo Group Inc Ranked Among Today's Top Buys Amid Inflation Fears

The vegetation management and industrial vehicle company faces challenges but also has opportunities.

2 Takeaways from Alamo Group's Vigorous Q2 Report

Alamo Group Inc. (ALG) CEO Jeff Leonard on Q2 2021 Results - Earnings Call Transcript

Shares of Alamo Group (NYSE:ALG) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 85.85% over the past year to $1.97, which beat the estimate of $1.57.

Alamo Group: Q2 Earnings Insights

SEGUIN, Texas, Aug. 4, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2021. Highlights for the Quarter Second quarter sales and net income are up significantly over the COVID-impacted prior year second quarter: Total company net sales of $347.6 million, up 29% Industrial Division net sales of $231.2 million, up 27% Agricultural Division net sales of $116.3 million, up 35% Net income of $26.0 million up 100%, or $2.19 per diluted share, up 99% Adjusted net income of $23.4 million, or $1.97 per diluted share, up 73% (1) Trailing twelve-month Adjusted EBITDA of $155.3 million, up 7% from full year 2020(1) Total debt outstanding reduced by $38.7 million during the second quarter, down 28% from the prior year second quarter Backlog increased 11% during the second quarter to $503.6 million, up 132% over the prior year second quarter Summary of Results Alamo Group's net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.

Alamo Group Announces 2021 Second Quarter Results

SEGUIN, Texas, July 28, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter 2021 after the market closes on Wednesday, August 4, 2021. The Company will host a conference call to discuss the results on Thursday, August 5, 2021 at 3:00 p.m.

Alamo Group Inc. Announces Second Quarter 2021 Earnings Conference Call

SEGUIN, Texas, July 19, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced the following segment reporting change and executive leadership appointments: Realignment of the Agricultural Division and Industrial Division into the Vegetation Management Division and Industrial Equipment Division, to take effect at the beginning of the Fourth Quarter of 2021 Appointment of Rick Raborn as the Executive Vice-President of the Vegetation Management Division Appointment of Michael Haberman as the Executive Vice-President of the Industrial Equipment Division Dan Malone will transition from his position as the Company's Executive Vice-President and Chief Financial Officer into the newly created Executive Vice-President and Chief Sustainability Officer role Appointment of Richard Wehrle as Executive Vice-President and Chief Financial Officer Beginning with the fourth quarter of 2021, Alamo Group will report business results in two new segments, namely, the Vegetation Management Division and the Industrial Equipment Division.  The Vegetation Management Division will include all of the operations of the former Agricultural Division plus the mowing and forestry/tree care operations that were previously part of the former Industrial Division, including the recently acquired Morbark and Dutch Power business units.

Alamo Group Announces Prospective Change In Segment Reporting, Executive Leadership Appointments, And Enhanced Focus On Sustainability

Alamo Group Inc. (NYSE:ALG) is one of the world's largest designers and manufacturers of industrial equipment, operating 27 plants in North America, Europe, Australia, and Brazil.

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Artificial Intelligence Ranks Alamo Group Inc Among Today's Top Buys

Alamo Group, Inc. (ALG) CEO Ronald Robinson on Q1 2021 Results - Earnings Call Transcript

SEGUIN, Texas, May 5, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2021. Highlights for the Quarter Record net income for a first quarter of $17.5 million, up 12.5% Net sales for the first quarter of $311.2 million, down 1.0% Industrial Division net sales of $211.9 million, down 7.9% Agricultural Division net sales of $99.3 million, up 17.5% EBITDA for the first quarter of $36.7 million, up 4.9%(1) Record Backlog at $452.5 million, up 94.5% compared to the first quarter of 2020 and up 27.8% compared to year end 2020 Summary of Results Alamo Group's net sales for the first quarter of 2021 were $311.2 million compared to net sales of $314.4 million in the first quarter of 2020, a decrease of 1.0%.

Alamo Group Announces 2021 First Quarter Results

SEGUIN, Texas, April 28, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter 2021 after the market closes on Wednesday, May 5, 2021. The Company will host a conference call to discuss the results on Thursday, May 6, 2021 at 11:00 a.m.

Alamo Group Inc. Announces First Quarter 2021 Earnings Conference Call

SEGUIN, Texas, April 1, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that Jeffery A. Leonard will succeed Ronald A.

Alamo Group Announces CEO Succession Plan

Alamo Group has a strong track record of acquisitions. The pandemic has hurt their business but they remain profitable.

Alamo Group: Handling The Pandemic Well

Alamo Group Inc. (ALG) CEO Ron Robinson on Q4 2020 Results - Earnings Call Transcript

SEGUIN, Texas, Feb. 25, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2020. Highlights Fourth quarter net sales of $288.6 million, down 3.8% Industrial Division net sales of $202.7 million, down 8.9%...

Alamo Group Announces 2020 Fourth Quarter And Year End Results

SEGUIN, Texas, Feb. 18, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the fourth quarter and year end 2020 after the market closes on Thursday, February 25, 2021. The Company will host a conference call to discuss the results...

Alamo Group Inc. Announces Fourth Quarter And Year End 2020 Earnings Conference Call

Alamo (ALG) to reward shareholders with quarterly dividend payouts. The quarterly rate has been increased by 7.7% from the previous rate.

Alamo's (ALG) Board Okays 7.7% Hike in Quarterly Dividend Rate

SEGUIN, Texas, Dec. 15, 2020 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that Ron Robinson, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2021 and upon the appointment of his successor. As part of...

Alamo Group Announces CEO Retirement Plan

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