Alamo Group Earnings Reports

Alamo Group Inc. reported a decrease in net sales for the first quarter of 2025 compared to the prior year, but showed sequential improvement from the previous quarter. Despite the sales decline, the company improved its operating margin and gross margin, driven by cost reduction efforts. Net income and diluted EPS remained stable year-over-year.

Alamo Group Inc. reported fourth quarter 2024 net sales of $385.3 million, a 7.7% decrease compared to the prior year. Net income for the quarter was $28.1 million, or $2.33 per diluted share. The Industrial Equipment Division saw an increase in net sales, while the Vegetation Management Division experienced a significant decline.

Alamo Group Inc. reported a decrease in net sales for the third quarter of 2024, driven by weakness in the Vegetation Management Division, although the Industrial Equipment Division showed growth. The company is implementing cost-saving actions to address market challenges.

Alamo Group reported a decrease in net sales and net income for the second quarter of 2024 compared to the previous year. The decrease was primarily driven by softness in the Vegetation Management segment, while the Industrial Equipment segment performed strongly. Cost reduction actions are expected to yield savings in the remainder of 2024.

Alamo Group Inc. reported a 3.4% increase in net sales to $425.6 million for the first quarter of 2024. The Industrial Equipment division saw a significant increase in sales, while the Vegetation Management division faced market headwinds. Net income was $32.1 million, or $2.67 per diluted share.

Alamo Group Inc. reported an 8% increase in net sales, reaching $417.5 million, and a 5% increase in operating income, amounting to $44.8 million, for the fourth quarter of 2023. Net income for the quarter rose by 8% to $31.5 million, or $2.63 per diluted share. The company's backlog at the end of 2023 stood at $860 million.

Alamo Group Inc. reported record third-quarter results, with net sales increasing by 13.8% to $419.6 million and net income rising by 35.2% to $34.9 million, or $2.91 per diluted share. The company benefited from strong demand from governmental agencies and industrial contractors, as well as improvements in supply chain performance.

Alamo Group Inc. reported a record second quarter in 2023, with net sales increasing by 11.2% to $440.7 million and net income rising by 27.8% to $36.4 million, or $3.03 per diluted share. The results were driven by effective price management, improvement in supply chain and higher manufacturing throughput.

Alamo Group Inc. reported record first quarter 2023 net sales of $411.8 million, an increase of 13.7% compared to the first quarter of 2022. Net income improved 80.6% to $33.3 million, or $2.79 per diluted share.

Alamo Group Inc. reported a strong fourth quarter and year-end 2022, with record net sales and earnings. Fourth quarter net sales increased by 15% to $386.6 million, and net income rose by 52% to $29.2 million, or $2.44 per diluted share. The company's backlog exceeded $1.0 billion, up 26% from the previous year.

Alamo Group Inc. reported record results for the third quarter ended September 30, 2022. Net sales were $368.8 million, up 9.0%. Net income improved 46.9% to $25.8 million, or $2.16 per diluted share. The Company’s backlog at the end of the third quarter was $908.9 million, an increase of $263.7 million, or 40.9%, from the backlog at the end of the third quarter of 2021.

Alamo Group reported record second-quarter sales of $396.2 million, a 14.0% increase year-over-year, and net income of $28.5 million, or $2.39 per diluted share, up 9.4%. The company's backlog reached $894.0 million, a 77.5% increase compared to the prior year.

Alamo Group Inc. reported a strong first quarter in 2022, marked by record net sales of $362.0 million, a 16.3% increase from the previous year, and net income of $18.5 million, up 5.8%. The company's performance was driven by robust demand across its Vegetation Management and Industrial Equipment divisions, though it faced challenges from supply chain disruptions and cost inflation.

Alamo Group Inc. reported record fourth quarter net sales of $337.2 million, a 16.8% increase, and a record diluted EPS of $1.62, up 107.7%. Full year net sales reached a record $1.3 billion, up 14.7%, with a record EBITDA of $162.1 million and diluted EPS of $6.75.

Alamo Group's third quarter results showed a 16% increase in net sales compared to the same period last year, driven by strong demand in both the Industrial and Agricultural divisions. However, net income and operating income decreased due to supply chain disruptions, labor shortages, and cost inflation. The company's backlog reached a record high, and it completed the acquisition of Timberwolf Limited.

Alamo Group reported a 29% increase in net sales and a 100% increase in net income compared to the COVID-impacted prior year second quarter. The company achieved record order bookings and backlog, with strong demand in both the Agricultural and Industrial divisions. However, the company faced challenges related to rising input costs, supply chain disruptions, and labor shortages.

Alamo Group's first quarter results showed a slight decrease in net sales but a record net income. The Agricultural Division saw significant growth, while the Industrial Division experienced a decrease in net sales. The company is optimistic about future performance, citing strong bookings and backlog.

Alamo Group reported a decrease in fourth-quarter net sales and net income due to COVID-19 related disruptions, but achieved record full-year net sales and reduced total debt outstanding. The Industrial Division experienced a decline in net sales, while the Agricultural Division saw an increase. The company ended the year with a record level of backlog.

Alamo Group's net sales for the third quarter of 2020 were $291.8 million, an increase of 7.3% compared to the third quarter of 2019. Net income for the quarter was $20.0 million, or $1.69 per diluted share, compared to net income of $17.4 million, or $1.47 per diluted share, in the third quarter of 2019, an increase of 15.0%.

Alamo Group reported a decrease in net sales by 5.8% to $268.6 million and a decrease in net income by 37.2% to $13.0 million for the second quarter of 2020, impacted by the COVID-19 pandemic.

Alamo Group's first quarter 2020 results showed record net sales of $314.4 million, a 20% increase compared to the first quarter of 2019. Net income also reached a record $15.5 million, up 1.8% from the previous year. The results were positively influenced by recent acquisitions but adversely affected by the COVID-19 pandemic in March.

Alamo Group reported a 17.2% increase in net sales for Q4 2019, reaching $300.2 million. Net income for the quarter was $9.6 million, or $0.81 per diluted share. The results included the effects of acquisitions. Bookings for the fourth quarter, including acquisitions, were up 41.8% compared to the previous year.