Welcome to our dedicated page for Alamo Group news (Ticker: ALG), a resource for investors and traders seeking the latest updates and insights on Alamo Group stock.
Alamo Group Inc. (ALG) delivers essential equipment solutions for vegetation management and infrastructure maintenance across global markets. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings announcements, and operational updates from this leading NYSE-listed manufacturer. Our curated collection features:
• Quarterly financial results and SEC filings
• Acquisition announcements and partnership updates
• Product innovation in industrial equipment and agricultural implements
• Leadership changes and corporate governance news
Bookmark this page for direct access to verified information about ALG's expanding global operations, including developments in its Vegetation Management and Industrial Equipment divisions. Stay informed about the company's progress in serving municipal, agricultural, and industrial markets worldwide.
Alamo Group Inc. (NYSE: ALG) has declared a quarterly dividend of $0.22 per share, scheduled for payment on May 1, 2023. Shareholders of record at the close of business on April 17, 2023 will receive this dividend. Founded in 1969, Alamo Group specializes in manufacturing equipment for vegetation management and infrastructure maintenance, with a workforce of approximately 4,200 employees across 28 plants in North America, Europe, Australia, and Brazil as of December 31, 2022.
Alamo Group Inc. (NYSE: ALG) reported impressive financial results for Q4 and the full year of 2022. Q4 net sales reached $386.6 million, a 15% increase year-over-year, while net income rose to $29.2 million, or $2.44 per diluted share, a 52% increase. For the full year, net sales totaled $1.5 billion, up 13%, with net income at $101.9 million, a 27% improvement. The backlog increased to $1.0 billion, up 26% from 2021. Despite challenges from supply chain disruptions and labor shortages, the company maintained a robust performance across its divisions, citing strong demand and effective cost management as key drivers.
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