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Dec 31, 2021
Alamo Group Q4 2021 Earnings Report
Alamo Group reported record fourth quarter and year end results, driven by strong demand and strategic pricing actions.
Key Takeaways
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.
Fourth quarter net sales increased by 16.8% to $337.2 million.
Record fourth quarter diluted EPS reached $1.62, a 107.7% increase.
Full year net sales hit a record $1.3 billion, up 14.7%.
Record backlog of $800.8 million at year-end, up 126.2% year-over-year.
Alamo Group
Alamo Group
Forward Guidance
The company anticipates ongoing challenges from the Omicron wave and supply chain disruptions in the first quarter of 2022, but remains confident in its teams' ability to navigate these issues and maintain good operational momentum.
Positive Outlook
- Anticipated moderation of steel prices.
- Strong order bookings and record backlog provide good visibility.
- Continued robust demand for products in both divisions.
- Positive market developments in the Vegetation Management Division.
- Industrial Equipment Division positioned for excellent results once truck chassis supply improves.
Challenges Ahead
- Impact of the Omicron wave on workforce health.
- No significant near-term improvement in supply chain issues.
- Ongoing inflation headwinds.
- Critical computer chip shortage expected to persist.
- Potential for continued operational inefficiencies due to component delays and workforce disruption.