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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. reported a strong second quarter for 2021, with net sales reaching $347.6 million, up 29% from the previous year. Net income doubled to $26.0 million, equating to $2.19 per diluted share. The Industrial Division's sales rose 27% to $231.2 million, while the Agricultural Division saw a 35% increase to $116.3 million. Total debt decreased by $38.7 million, down 28%. The backlog for orders rose 11% to $503.6 million, marking a 132% year-over-year increase.
Despite these gains, input cost inflation and supply chain disruptions remain challenges.
Alamo Group (NYSE: ALG) will announce its Q2 2021 financial results on August 4, 2021, after market closure. A conference call to discuss these results is scheduled for August 5, 2021, at 3:00 p.m. ET, led by senior management. Participants can join via phone or listen online at the company's website. Alamo Group is known for its equipment in infrastructure maintenance and agriculture, with over 4,075 employees and operations across several continents as of March 31, 2021.
On July 1, 2021, Alamo Group announced a quarterly cash dividend of $0.14 per share, payable on July 28, 2021. Shareholders of record will be those on record by the close of business on July 15, 2021. Alamo Group specializes in infrastructure maintenance and agricultural equipment, operating 27 plants worldwide with approximately 4,075 employees. The forward-looking statements highlight potential risks including market demand fluctuations, COVID-19 impacts, and supply chain disruptions that may affect future financial performance.
Alamo Group Inc. (NYSE: ALG) has expanded its Board of Directors from seven to eight members, appointing Jeffery A. Leonard as the new member effective June 1, 2021. Mr. Leonard also took over as President and Chief Executive Officer from Ronald A. Robinson on May 31, 2021. This leadership change aims to strengthen the company's governance and strategic direction as Alamo continues to lead in the design and manufacturing of high-quality equipment for various applications, including infrastructure maintenance and agriculture.
Alamo Group reported a record net income of $17.5 million for Q1 2021, a 12.5% increase from the previous year. Net sales stood at $311.2 million, a 1.0% decline year-over-year. The Industrial Division saw a 7.9% drop in sales to $211.9 million, while the Agricultural Division grew by 17.5% to $99.3 million. EBITDA reached $36.7 million, up 4.9%. The backlog surged to $452.5 million, marking a 94.5% year-over-year increase and 27.8% compared to year-end 2020.
Alamo Group Inc. (NYSE: ALG) will announce its Q1 2021 financial results after market close on May 5, 2021. A conference call to discuss the results will be held on May 6, 2021, at 11:00 a.m. ET, with senior management leading the discussion. The call can be accessed at 800-353-6461 (domestic) or 334-323-0501 (international). A replay will be available until May 13, 2021. The event will also be broadcast live on the company's website.
Alamo Group Inc. (NYSE: ALG) announced that Jeffery A. Leonard will become the President and CEO on May 31, 2021, succeeding Ronald A. Robinson, who will assist during the transition until August 1, 2021. Leonard, with the company since 2011, currently serves as Executive Vice-President of the Industrial Division. Board Chairman Roderick R. Baty emphasized Leonard's leadership skills and strategic vision, suggesting a confident transition for the company’s growth and development. Alamo Group specializes in high-quality infrastructure maintenance equipment.
Alamo Group has declared a quarterly cash dividend of $0.14 per share, scheduled for payment on April 29, 2021. Shareholders of record as of April 15, 2021 will receive this dividend. The company, which specializes in manufacturing and servicing equipment for infrastructure maintenance and agriculture, has approximately 3,990 employees and operates 27 plants across multiple regions, including North America and Europe. Alamo Group emphasizes its commitment to maintaining high-quality production despite challenges posed by the ongoing COVID-19 pandemic.
Alamo Group reported its Q4 2020 results, registering net sales of $288.6 million, a 3.8% decline year-over-year. The Industrial Division saw a more significant drop of 8.9%, while the Agricultural Division posted a 10.5% increase. Overall net income for the quarter fell to $8.1 million, down 15.5%. For the full year, net sales reached a record $1.16 billion, up 4.0%, though net income decreased by 10% to $56.6 million. The company's backlog rose 35.6% to $354.1 million, indicating ongoing demand despite COVID-19 challenges impacting operations.
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