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Alamo Group Inc. - ALG STOCK NEWS

Welcome to our dedicated news page for Alamo Group (Ticker: ALG), a resource for investors and traders seeking the latest updates and insights on Alamo Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alamo Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alamo Group's position in the market.

News
ALAMO GROUP INC. RECEIVES NOTIFICATION OF STRIKE AT GRADALL INDUSTRIES LLC
Rhea-AI Summary
Alamo Group Inc. received notification of a strike at its subsidiary, Gradall Industries , involving approximately 200 unionized workers in Ohio. Negotiations are ongoing to reach a new labor agreement.
Rhea-AI Impact
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ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
Alamo Group Inc. (ALG) declares a quarterly dividend of $0.26 per share, payable on April 29, 2024, to shareholders of record on April 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
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dividends
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ALAMO GROUP INC. ANNOUNCES RICHARD J. WEHRLE PLANS TO RETIRE AS EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER; AGNES KAMPS APPOINTED AS SUCCESSOR
Rhea-AI Summary
Alamo Group Inc. announced the retirement of Richard J. Wehrle, the current CFO, and the appointment of Agnes Kamps as the new CFO. Ms. Kamps brings extensive experience from Americas Styrenics, LLC, Siemens, and United Technologies. The CEO praised Mr. Wehrle's contributions over 35 years and expressed optimism about Ms. Kamps' future with the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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ALAMO GROUP INC. ANNOUNCES RETIREMENT OF BOARD MEMBER, APPOINTMENT OF NEW BOARD CHAIR AND APPOINTMENT OF NEW DIRECTOR
Rhea-AI Summary
Alamo Group Inc. announced the retirement of Roderick Baty from the Board of Directors, with Richard Parod appointed as the new Independent Board Chair. Additionally, Paul Householder joins as a new independent member of the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
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management
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ALAMO GROUP ANNOUNCES RECORD 2023 FOURTH QUARTER AND YEAR END RESULTS
Rhea-AI Summary
Alamo Group Inc. (ALG) reported impressive financial results for the fourth quarter and full year 2023, achieving record sales and earnings. The company saw a 12% increase in full-year net sales to $1.69 billion, with operating income up by 33% to $198.0 million. Net income for the year rose by 34% to $136.2 million, resulting in a diluted EPS of $11.36, up by 33%. The fourth quarter net sales reached $417.5 million, an 8% increase from the previous year, with net income up by 8% to $31.5 million. Alamo Group's backlog at the end of 2023 stood at $860 million, showcasing a strong performance across its divisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.03%
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ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL
Rhea-AI Summary
Alamo Group Inc. (ALG) will release financial results for Q4 and full year 2023 on February 22, 2024. A conference call will be held on February 23, 2024, at 10:00 a.m. ET to discuss the results. Participants can join via phone or online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
earnings
News
ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
Alamo Group Inc. (NYSE: ALG) declares quarterly dividend of $0.26 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
dividends
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News
The Future of Chipping: Morbark, LLC to Unveil New "BVR" Line of Hand-fed Brush Chippers at TCI Expo in St. Louis
Rhea-AI Summary
Morbark, LLC Unveils New BVR Line of Hand-Fed Brush Chippers at TCI Expo 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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none
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News
ALAMO GROUP ANNOUNCES RECORD 2023 THIRD QUARTER SALES AND EARNINGS
Rhea-AI Summary
Alamo Group Inc. reported record sales and earnings for the third quarter of 2023. Net sales increased by 13.8% to $419.6 million, with Vegetation Management net sales up 8.0% and Industrial Equipment net sales up 23.1%. Income from operations increased by 38.8% to $49.8 million, and net income rose by 35.2% to $34.9 million. The trailing twelve-month EBITDA reached $245.0 million, up 25.0% from the previous year. However, the backlog decreased by 2.0% to $890.9 million compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.57%
Tags
earnings
News
ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS CONFERENCE CALL
Rhea-AI Summary
Alamo Group Inc. will release its financial results for Q3 2023 on November 2nd and host a conference call on November 3rd to discuss the results. The call will be available for replay until November 10th. The live broadcast of the call will be accessible on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
earnings
Stock ALG logo
Alamo Group Inc.

NYSE:ALG

ALG Rankings

#1689 Ranked by Market Cap
#1724 Ranked by Stock Gains
#1996 Ranked by Dividends

ALG Stock Data

2.56B
11.70M
1.43%
95.88%
1.77%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States
Seguin

About ALG

alamo group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related after-market parts and services. the company was founded in 1969 though some of our member companies have been in business over 100 years. we currently produce and assemble products in 25 principal facilities worldwide in the united states, england, france, canada, australia and brazil. our corporate offices are located in seguin, texas, and headquarters for our european operations are located in salford priors, england. our development as a company has been enhanced by approximately twenty-five acquisitions. alamo group went public in 1993 and since 1995 has been listed on the new york s