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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

CNH Industrial NV

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

Lennar

NVIDIA

Plains All American Pipeline

SYNNEX

If you've been around while, you might remember the old commercial slogan for Almond Joy and Mounds candy bars: “Sometimes you feel like a nut, sometimes you don't.”

Is 2024 the year of the dividend increase?

AbbVie

Abbott Labs

Agree Realty

American Financial Group

Air Lease

Alerus Financial Corp

Amphenol

Alexandria Real Estate Equities

BancFirst

Franklin Resources

Brady Corporation

Camden National

Community Bank System

City Hld

Cincinnati Financial

CareTrust REIT

CubeSmart

Quest Diagnostics

Ecolab

EastGroup Properties

Equity LifeStyle Properties

EOG Resources

Essential Properties Realty Trust Inc

Equity Residential

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

Bank OZK

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

A. O. Smith

Axon Enterprise

Eaton

Kadant

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.

5 Industrial Stocks Rising More Than 40% YTD With Room to Run

Emerson Electric

Flowserve

Graham Corp

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.

Manufacturing Sector Steadying for a 2024 Recovery: 5 Winners

MSC Industrial Direct

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.

3 Hot Megatrends for Smart Investors in 2024 (and 3 Stocks You've Never Heard Of)

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?

Enact Holdings

Axalta Coating Systems

Live Nation

Universal Stainless & Alloy Products

LYV, USAP, AXTA, ACT and ALG have been added to the Zacks Rank #1 (Strong Buy) List on November 9, 2023.

New Strong Buy Stocks for November 9th

Alamo Group Inc. (NYSE:ALG ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel & Secretary Jeff Leonard - President & Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Mike Shlisky - D.A. Davidson Chris Moore - CJS Securities Greg Burns - Sidoti & Company Mig Dobre - Baird Tim Moore - EF Hutton Operator Good day and welcome to the Alamo Group Inc. Third Quarter 2023 Conference Call.

Alamo Group Inc. (ALG) Q3 2023 Earnings Call Transcript

SEGUIN, Texas , Nov. 2, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2023. Highlights for the Quarter Eighth consecutive quarterly record for sales and earnings Net sales of $419.6 million, up 13.8% Vegetation Management net sales of $246.9 million, up 8.0% Industrial Equipment net sales of $172.7 million, up 23.1% Income from operations of $49.8 million, (11.9% of net sales), up 38.8% Net income of $34.9 million, or $2.91 per diluted share, up 35.2% Trailing twelve-month EBITDA of $245.0 million, up 25.0% from full year 2022 (1) Backlog of $890.9 million, down 2.0% compared to prior year third quarter-end Results for the Quarter Record third quarter 2023 net sales of $419.6 million increased 13.8% compared to $368.8 million in the third quarter of 2022.

ALAMO GROUP ANNOUNCES RECORD 2023 THIRD QUARTER SALES AND EARNINGS

SEGUIN, Texas , Oct. 26, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the third quarter of 2023 after the market closes on Thursday, November 2, 2023. The Company will host a conference call to discuss the results on Friday, November 3, 2023, at 10:00 a.m.

ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS CONFERENCE CALL

SEGUIN, Texas , Oct. 10, 2023 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced that it has acquired 100% of the outstanding equity capital of Royal Truck & Equipment, Inc. ("Royal Truck"), a leading manufacturer of truck mounted highway attenuator trucks and other specialty trucks and equipment for the highway infrastructure and traffic control market.  Royal Truck's annual revenue was approximately $40 million in 2022 and the company had trailing twelve-month revenue of approximately $44 million as of the end of August, 2023.

ALAMO GROUP INC. ANNOUNCES ACQUISITION OF ROYAL TRUCK & EQUIPMENT

Alamo Group has experienced a steady rise in share price over the past year, up over 39%. The company's strategic investments are paying off, leading to growth in both the top and bottom line. ALG's Vegetation Management Division is expected to be the main driver of sales growth, with a projected CAGR of over 7% until 2029.

Alamo Group: Expanding Market Size Paves The Way For Sales Growth

Alamo Group (ALG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Alamo Group (ALG) Rating Upgrade to Buy

Applied Industrial Technologies

Broadwind Energy

Hubbell

Industrial production rebounded in July, which is likely to help stocks like Applied Industrial Technologies, Inc. (AIT), Hubbell Incorporated (HUBB), Broadwind, Inc. (BWEN), Graham Corporation (GHM) and Alamo Group Inc. (ALG).

5 Stocks to Buy as Industrial Production Makes Solid Rebound

AGCO

Deere & Company

The prospects for Manufacturing - Farm Equipment industry looks dull at this moment due to weak commodity prices. Stocks like Deere (DE), AGCO and Alamo (ALG) are well-poised to gain from their growth initiatives.

3 Farm Equipment Stocks to Watch Amid Industry Weakness

Alamo Group Inc. (NYSE:ALG ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 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 Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Tim Moore - EF Hutton Felix Boeschen - Raymond James Operator Good morning ladies and gentlemen and welcome to the Alamo Group Inc. Second Quarter 2023 Conference Call.

Alamo Group Inc. (ALG) Q2 2023 Earnings Call Transcript

News for Alamo Group Stock (ALG)