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Alamo Group Inc. reports news on its industrial and vegetation management equipment business, which serves infrastructure maintenance, public works, industrial construction, land maintenance, agriculture and tree care markets. The company sells equipment and related aftermarket parts and services through its Industrial Equipment Division and Vegetation Management Division, including vacuum trucks, hydro-excavator machines, street sweepers, roadside safety equipment, snow and ice removal equipment, mowing attachments, recycling equipment and tree care machinery.
Recurring updates for ALG include quarterly and annual operating results, segment sales trends, cash flow and debt commentary, dividend declarations, manufacturing footprint actions and acquisition activity. Completed corporate developments include the acquisition of Petersen Industries, a manufacturer of specialized truck-mounted grapple loader equipment for municipal and industrial customers.
Alamo Group Inc. (NYSE: ALG) will release its third-quarter 2020 financial results post-market on October 28, 2020. A conference call led by senior management will occur on October 29, 2020, at 3:00 p.m. ET to discuss these results. Interested participants can join via phone or listen to an online replay on the company’s website. Alamo Group specializes in manufacturing equipment for infrastructure maintenance and agriculture, operating globally with around 4,070 employees across 30 plants as of June 30, 2020.
Alamo Group (NYSE: ALG) has declared a quarterly cash dividend of $0.13 per share. This dividend is payable on October 28, 2020, to shareholders of record as of October 15, 2020. The company, established in 1969, specializes in manufacturing high-quality equipment for infrastructure maintenance and agriculture. Alamo Group operates 30 plants across North America, Europe, Australia, and Brazil, employing approximately 4,070 people as of June 30, 2020.
Alamo Group Inc. reported second-quarter 2020 net sales of $268.6 million, a decline of 5.8% year-over-year. Net income fell 37.2% to $13.0 million. Despite challenges from the COVID-19 pandemic, first-half net sales reached a record $583.1 million, up 6.6%, but net income decreased 20.6% to $28.5 million. Acquisitions contributed $58 million to second-quarter sales. The backlog stood at $216.6 million. Alamo reduced debts by $51.5 million during the quarter, maintaining cash levels above $80 million.
Alamo Group Inc. (NYSE: ALG) will release its Q2 2020 financial results on July 29, 2020, after market close. Senior management will discuss the results during a conference call on July 30, 2020, at 3:00 p.m. ET. Participants can join the call by dialing 800-367-2403 (domestic) or 334-777-6978 (international). A replay will be available until August 04, 2020. The Company is a leader in manufacturing equipment for infrastructure maintenance and employs around 4,230 people across 30 plants worldwide.
Alamo Group Inc. (NYSE: ALG) declared a quarterly cash dividend of $0.13 per share, set to be paid on July 29, 2020, to shareholders on record as of July 16, 2020. The company, a leader in infrastructure maintenance and agricultural equipment, operates 30 plants globally and employs around 4,230 staff. While the dividend reflects ongoing shareholder value, the press release notes potential risks, including disruptions from the COVID-19 pandemic, which could impact future sales and profitability.