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Alamo Group (NYSE: ALG) reports Q2 2026 sales of $450.7M

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alamo Group Inc. reported second‑quarter 2026 results with net sales of $450.7 million, up 7.6% from a year earlier. Net income was $30.9 million, or $2.55 per diluted share, while adjusted net income reached $34.2 million, or $2.82 per diluted share. Adjusted EBITDA was $63.9 million, 14.2% of net sales. The Industrial Equipment Division generated net sales of $271.6 million, up 12.8%, and the Vegetation Management Division delivered $179.1 million in net sales, up 0.4%.

At June 30, 2026, cash totaled $195.0 million and total debt was $262.7 million. In May 2026, the company renewed its credit facility on improved terms, preserving $602.5 million of committed capacity. During the first half of 2026, it returned $19.0 million to stockholders through share repurchases and dividends and funded the Petersen acquisition while maintaining a strong balance sheet. The board also approved amended and restated bylaws effective July 30, 2026, adding enhanced disclosure and procedural requirements for shareholder nominations and proposals, clarifying director compensation practices, and addressing how the board handles director interests in proposed transactions.

Positive

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Filing Explained

Backlog diverged by division, while the highlighted adjusted earnings measures remain supplemental non-GAAP figures.

The filing adds a mixed backlog picture: Industrial Equipment backlog was $365,286 thousand, versus $509,610 thousand in the comparable prior-year column, while Vegetation Management backlog was $184,031 thousand, versus $177,625 thousand. This changes the operating picture without disclosing a new share issuance, ownership change, or completed financing.

The release also identifies adjusted net income, adjusted fully diluted earnings per share, and adjusted EBITDA as non-GAAP measures. The company presents them with reconciliations to the closest GAAP measures; they are additional measures, not substitutes for GAAP results.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Net Sales $450.7 million Three months ended June 30, 2026; up 7.6% versus Q2 2025
Q2 2026 Net Income $30.9 million Net income for the second quarter of 2026
Q2 2026 Diluted EPS $2.55 per share Diluted earnings per share for the second quarter of 2026
Q2 2026 Adjusted Diluted EPS $2.82 per share Adjusted fully diluted EPS, up 7.2% versus $2.63 in Q2 2025
Q2 2026 Adjusted EBITDA $63.9 million Adjusted EBITDA was 14.2% of net sales in Q2 2026
Committed Credit Facility Capacity $602.5 million Renewed facility including $400.0M revolver and $202.5M term loan
Cash Balance $195.0 million Cash and cash equivalents at June 30, 2026
Total Debt $262.7 million Total debt outstanding at June 30, 2026
Adjusted EBITDA financial
"Adjusted EBITDA of $63.9 million was 14.2% of net sales"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Backlog financial
"Backlog $365,286 $509,610"
A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.
revolving credit facility financial
"including a $400.0 million revolving credit facility and a $202.5 million term loan"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
Non-GAAP financial measures financial
"Alamo Group Inc. may disclose certain “Non-GAAP financial measures”"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Restructuring Expenses financial
"Restructuring Expenses (3) include costs related to leadership changes"
Restructuring expenses are one-time costs a company incurs when it reorganizes how it operates — for example, closing locations, laying off employees, reducing the recorded value of assets, or ending contracts — to cut costs or shift strategy. Investors pay attention because these charges lower reported profits now but can indicate steps to improve future cash flow and competitiveness, like paying for renovations to make a house easier to run or sell later.
Net sales $450.7 million up 7.6% compared to the second quarter of 2025
Net income $30.9 million compared to $31.1 million in the second quarter of 2025
Adjusted diluted EPS $2.82 up 7.2% from $2.63 in the second quarter of 2025
Industrial Equipment net sales $271.6 million up 12.8% from $240.7 million in the second quarter of 2025

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FAQ

What were Alamo Group (ALG) net sales in the second quarter of 2026?
Alamo Group reported Q2 2026 net sales of $450.7 million, an increase of 7.6% compared to $419.1 million in the second quarter of 2025, reflecting growth primarily in the Industrial Equipment Division.

How profitable was Alamo Group (ALG) in Q2 2026?
Net income for Q2 2026 was $30.9 million, or $2.55 per diluted share. Adjusted net income was $34.2 million, with adjusted diluted EPS of $2.82, up from $2.63 in the second quarter of 2025.

How did Alamo Group (ALG)’s divisions perform in Q2 2026?
In Q2 2026, the Industrial Equipment Division generated net sales of $271.6 million, up 12.8%. The Vegetation Management Division produced net sales of $179.1 million, up 0.4% compared to the second quarter of 2025.

What is Alamo Group (ALG)’s cash and debt position as of June 30, 2026?
As of June 30, 2026, Alamo Group held $195.0 million in cash and cash equivalents and had $262.7 million in total debt, including current maturities and long‑term debt.

How much capital did Alamo Group (ALG) return to shareholders in the first half of 2026?
During the first six months of 2026, Alamo Group returned $19.0 million to stockholders, consisting of $10.8 million of share repurchases and $8.2 million of dividends paid.

What changes did Alamo Group (ALG) make to its bylaws in July 2026?
Effective July 30, 2026, the board adopted amended and restated bylaws adding disclosure and procedural requirements for shareholder nominations and proposals, clarifying director compensation practices, and addressing how the board handles situations where a director has an interest in a proposed transaction.

What is the size of Alamo Group (ALG)’s renewed credit facility?
In May 2026, Alamo Group renewed its credit facility on improved terms, preserving $602.5 million of committed capacity, including a $400.0 million revolving credit facility and a $202.5 million term loan facility.
FALSE000089707712/3100008970772026-08-032026-08-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported): August 3, 2026
 
Alamo Group Inc.
(Exact name of registrant as specified in its charter)
 
State of Delaware
0-21220
74-1621248
(State or other jurisdiction of incorporation)(Commission File No.)(IRS Employer Identification No.)
  
1627 E. Walnut, Seguin, Texas
78155
(Address of Registrant’s principal executive offices)(Zip Code)
(830) 379-1480
Registrant's telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, par value
$.10 per share
ALGNew York Stock Exchange
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of
the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the
extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐ 


Item 2.02    Results of Operations and Financial Condition
On August 3, 2026, Alamo Group Inc., a Delaware corporation (the "Company"), issued a press release announcing, among other things, financial results for the quarter ended June 30, 2026.  A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K. The foregoing description is qualified by reference to such exhibit.
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year

On July 30, 2026, the Board of Directors (the “Board”) of the Company approved the amendment and restatement of the Bylaws of the Company (the “Amended and Restated Bylaws”). The Amended and Restated Bylaws are effective as of July 30, 2026.
The principal revisions in the Amended and Restated Bylaws include (i) additional disclosure and procedural requirements for shareholders to submit director nominations and shareholder proposals to, among other things, align such provisions with developments in Delaware law, (ii) clarifying director compensation practices, and (iii) addressing how the Board handles situations in which a director has an interest in a proposed transaction. The Amended and Restated Bylaws also incorporate certain ministerial, clarifying and conforming changes.
The foregoing summary does not purport to be complete and is qualified in its entirety by the text of the Amended and Restated Bylaws, a copy of which is filed herewith as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 5.03.

Item 9.01    Financial Statements and Exhibits
Exhibit 3.1 - Amended and Restated Bylaws.
Exhibit 99.1 - Press Release dated August 3, 2026.
Exhibit 104 - Cover Page Interactive Data File - Inline XBRL for the cover page of this Current Report on Form 8-K



SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
August 3, 2026
By:  /s/ Andrew Sefzik         
  Andrew Sefzik,
  Vice President, General Counsel & Secretary



alamo_groupxlogoxprimary1.jpg
For:Alamo Group Inc.
                                                                             
Contact:Kevin Carter
VP Finance, Strategy, and Investor Relations
830-372-9544
Financial Relations Board
Joe Calabrese
212-827-3772

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER 2026

SEGUIN, Texas, August 3, 2026 -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter of 2026.

Highlights:

▪Net sales were $450.7 million, up 7.6% compared to the second quarter of 2025
▪Net income was $30.9 million and adjusted net income was $34.2 million
▪Fully diluted EPS was $2.55 per share, nearly flat compared to $2.57 per share in the second quarter of 2025
▪Adjusted fully diluted EPS was $2.82 per share, an increase of 7.2% compared to $2.63 per share in the second quarter of 2025
▪Adjusted EBITDA of $63.9 million was 14.2% of net sales, up 8.7% compared to the second quarter of 2025
▪Net sales in the Industrial Equipment Division were $271.6 million, up 12.8% compared to the second quarter of 2025
▪Net sales in the Vegetation Management Division were $179.1 million, up 0.4% compared to the second quarter of 2025
▪The Company renewed its credit facility in May 2026 with improved terms and preserved $602.5 million of committed capacity, including a $400.0 million revolver and $202.5 million term loan facility
▪On June 30, 2026, cash was $195.0 million and total debt was $262.7 million
▪Returned $19.0 million to stockholders in the first six months of 2026, including $10.8 million of share repurchases and $8.2 million of dividends


                                     Page 2


Robert Hureau, Alamo Group's President and Chief Executive Officer, commented, "Our second quarter results reflect continued execution across the business, highlighted by strong sales growth in our Industrial Equipment Division, improved adjusted earnings, and solid adjusted EBITDA performance. Conditions across our end markets remain mixed, and our teams continue to focus on operational improvement, and disciplined execution of our strategic priorities."

Second Quarter Results

Net sales for the second quarter of 2026 were $450.7 million, an increase of 7.6% compared to $419.1 million for the second quarter of 2025. Net income for the second quarter of 2026 was $30.9 million, or $2.55 per fully diluted share compared to $31.1 million, or $2.57 per fully diluted share for the second quarter of 2025.

The Company also reported adjusted net income of $34.2 million, or $2.82 per fully diluted share, for the second quarter of 2026 compared to adjusted net income of $31.9 million, or $2.63 per fully diluted share for the second quarter of 2025. Adjusted EBITDA for the second quarter of 2026 was $63.9 million, or 14.2% of net sales, compared to $58.8 million, or 14.0% of net sales, for the second quarter of 2025.

Net sales in the Industrial Equipment Division were $271.6 million, an increase of 12.8% compared to $240.7 million for the second quarter of 2025. The year-over-year increase in Industrial Equipment Division sales reflected organic demand and the contribution from Petersen. Adjusted EBITDA in the Industrial Equipment Division for the second quarter of 2026 was $45.3 million, or 16.7% of net sales, compared to $40.3 million, or 16.8% of net sales, in the second quarter of 2025.

Net sales in the Vegetation Management Division were $179.1 million, an increase of 0.4% compared to $178.4 million in the second quarter of 2025. Adjusted EBITDA in the Vegetation Management Division for the second quarter of 2026 was $18.6 million, or 10.4% of net sales, compared to $18.5 million, or 10.4% of net sales, in the second quarter of 2025.

Robert Hureau, Alamo Group's President and Chief Executive Officer, commented, "Our Industrial Equipment Division delivered a strong quarter, with sales growth and solid profitability, including a meaningful contribution from Petersen following its acquisition earlier this year. In the Vegetation Management Division, sales were relatively stable compared to the prior year despite pressure in certain end markets. We are continuing to focus on improving margins through operational execution, cost discipline and targeted actions across the portfolio."

For the six months ended June 30, 2026, cash flow provided by operations was $22.7 million, investing cash outflow was $171.6 million, and financing cash inflow was $37.3 million.

In May 2026, the Company renewed its credit facility on improved terms across the facility, further strengthening its liquidity profile and financial flexibility. The successful renewal provides $602.5 million of committed capacity, including a $400.0 million revolving credit facility and a $202.5 million term loan facility, supporting ongoing capital deployment priorities, working capital needs and long-term growth initiatives. During the first six months of 2026, the Company funded the acquisition of Petersen,

                                     Page 3

repurchased $10.8 million of its common stock and paid $8.2 million of dividends while maintaining a strong balance sheet. At June 30, 2026, cash was $195.0 million and total debt was $262.7 million.

Mr. Hureau added, “We ended the quarter with a strong liquidity position, supported by substantial cash balances and available borrowing capacity under our recently renewed credit facility. That flexibility allowed us to invest in organic growth, fund the Petersen acquisition and repurchase shares opportunistically during the first half of the year. We remain committed to a balanced capital allocation approach that prioritizes investment in organic growth and strategic acquisitions while returning capital to shareholders. We look forward to discussing our results and outlook in greater detail during our upcoming Earnings Conference Call.”

Earnings Conference Call

The Company will host a conference call to discuss the results on Tuesday, August 4, 2026, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Tuesday, August 11, 2026, by dialing 1-855-669-9658 (domestic) or 1-412-317-0088 (international), passcode 7509167.

The live broadcast of Alamo Group Inc.’s quarterly conference call will be available online at the Company's website, www.alamo-group.com (under “Investor Relations/Events and Presentations”) on Tuesday, August 4, 2026, beginning at 10:00 a.m. ET. The online replay will follow shortly after the call ends and will be archived on the Company’s website for 60 days.

About Alamo Group

Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in the United States, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

                                     Page 4


Forward Looking Statements

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade disputes, and the effects of the wars in Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company’s SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.



(Tables Follow)
# # #



Page 5
Alamo Group Inc. and Subsidiaries 
Condensed Consolidated Statements of Income
(in thousands, except per share amounts)
(Unaudited)
Three Months EndedSix Months Ended
6/30/20266/30/20256/30/20266/30/2025
Net sales:
  Vegetation Management$179,092 $178,358 $354,512 $342,248 
  Industrial Equipment271,641 240,715 513,370 467,775 
Total net sales450,733 419,073 867,882 810,023 
Cost of sales339,877 310,781 652,221 598,890 
Gross profit110,856 108,292 215,661 211,133 
Selling, general and administration expense60,076 57,136 117,843 111,466 
Amortization expense5,015 4,078 9,894 8,127 
Income from operations45,765 47,078 87,924 91,540 
Interest expense(4,792)(3,684)(9,416)(6,878)
Interest income1,239 1,195 2,720 2,433 
Other income (expense)(619)(3,183)(587)(3,846)
Income before income taxes41,593 41,406 80,641 83,249 
Provision for income taxes10,653 10,300 20,517 20,343 
Effective Tax Rate25.6 %24.9 %25.4 %24.4 %
Net Income$30,940 $31,106 $60,124 $62,906 
Net income per common share:
Basic$2.57 $2.59 $4.99 $5.24 
Diluted$2.55 $2.57 $4.96 $5.21 
Average common shares:
Basic12,068 12,020 12,060 12,005 
Diluted12,122 12,083 12,112 12,066 



Page 6
Alamo Group Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited) 
June 30,
2026		June 30,
2025
ASSETS
Current assets:
Cash and cash equivalents$194,995 $201,823 
Accounts receivable, net343,326 356,236 
Inventories432,262 372,074 
Other current assets22,114 12,461 
Total current assets992,697 942,594 
Rental equipment, net56,033 59,606 
Property, plant and equipment, net161,165 160,716 
Goodwill271,318 221,607 
Intangible assets, net212,999 145,040 
Other non-current assets29,390 28,086 
Total assets$1,723,602 $1,557,649 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable$148,039 $111,820 
Income taxes payable3,685 3,973 
Accrued liabilities69,307 76,113 
Current maturities of long-term debt5,063 15,000 
Total current liabilities226,094 206,906 
Long-term debt, net of current maturities257,679 198,115 
Long-term tax liability470 626 
Other long-term liabilities24,127 25,975 
Deferred income taxes27,122 10,631 
Total liabilities535,492 442,253 
Total stockholders’ equity1,188,110 1,115,396 
Total liabilities and stockholders’ equity$1,723,602 $1,557,649 

                                                                       




Page 7
Alamo Group Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Six Months Ended
June 30,
20262025
Operating Activities
Net income$60,124 $62,906 
Adjustment to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts
(230)(11)
Depreciation - Property, plant and equipment
13,240 13,398 
Depreciation - Rental equipment
5,927 5,819 
Amortization of intangibles
9,894 8,127 
Amortization of debt issuance
343 351 
Stock-based compensation expense
3,613 4,670 
Provision for deferred income tax expense (benefit)3,195 (2,179)
Gain on sale of property, plant and equipment
(682)(358)
Changes in operating assets and liabilities:
Accounts receivable
(62,851)(37,267)
Inventories
(31,313)(16,593)
Rental equipment
(958)(12,263)
Prepaid expenses and other assets
814 1,923 
Trade accounts payable and accrued liabilities
14,453 18,494 
Income taxes payable
9,427 (9,439)
Other long-term liabilities, net
(2,339)(667)
Net cash provided by operating activities22,657 36,911 
Investing Activities
Acquisitions, net of cash acquired(162,933)(17,571)
Purchase of property, plant and equipment(10,319)(12,971)
Proceeds from sale of property, plant and equipment1,621 812 
Net cash used in investing activities(171,631)(29,730)
Financing Activities
Borrowings on bank revolving credit facility120,000 50,000 
Repayments on bank revolving credit facility(57,500)(50,000)
Principal payments on long-term debt and finance leases(5,016)(7,504)
Debt issuance cost(2,286)— 
Dividends paid(8,201)(7,196)
Proceeds from exercise of stock options1,032 1,227 
Common stock repurchased(10,759)(1,639)
Net cash provided by (used) in financing activities37,270 (15,112)
Effect of exchange rate changes on cash and cash equivalents(2,960)12,480 
Net change in cash and cash equivalents(114,664)4,549 
Cash and cash equivalents at beginning of the year309,659 197,274 
Cash and cash equivalents at end of the period$194,995 $201,823 
Cash paid during the period for:
Interest
$9,569 $6,861 
Income taxes
9,080 32,074 


Page 8
Alamo Group Inc.
Non-GAAP Financial Measures Reconciliation

From time to time, Alamo Group Inc. may disclose certain “Non-GAAP financial measures” in the course of its earnings releases, earnings conference calls, financial presentations and otherwise. For these purposes, “GAAP” refers to generally accepted accounting principles in the United States. The Securities and Exchange Commission (SEC) defines a “non-GAAP financial measure” as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude or include amounts from the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures disclosed by Alamo Group are provided as additional information to investors in order to provide them with greater transparency about, or an alternative method for assessing, our financial condition and operating results. These measures are not in accordance with, or a substitute for, GAAP and may be different from, or inconsistent with, non-GAAP financial measures used by other companies. Whenever we refer to a non-GAAP financial measure, we will also generally present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.

Attachment 1 discloses non-GAAP measures such as Adjusted Operating Income, Adjusted Net Income and Adjusted Fully Diluted EPS, and adjusts for certain items that the management believes are not indicative of underlying performance. Adjusted Operating Income accounts for these impacts on a pre-tax basis and Adjusted Net Income and Adjusted Fully Diluted EPS are calculated on an after-tax basis. Management believes isolating certain items from the core operating performance improves comparability across periods, and reflects how management plans and assesses the business.

Attachment 2 shows a reconciliation of Earnings Before Interest, Taxes, Depreciation, and Amortization ("EBITDA") and Adjusted EBITDA.

Attachment 3 reflects Division performance inclusive of non-GAAP financial measures such as Backlog, Adjusted Operating Income, Earnings Before Interest, Tax, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA.

Attachment 4 shows the net change in our total debt net of cash and discloses a non-GAAP financial presentation related to the impact of currency translation on net sales by division.


Page 9
Attachment 1

Alamo Group Inc.
Non-GAAP Financial Reconciliation
(in thousands, except per share numbers)
(Unaudited)


Non-GAAP Financial Measures
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Operating Income $45,765 $47,078 $87,924 $91,540 
CEO Transition(1)
— 229 — 451 
Acquisition and Integration Expenses(2)
357 235 915 235 
Restructuring Expenses(3)
3,998 605 5,940 1,367 
Adjusted Operating Income
$50,120 $48,147 $94,779 $93,593 
  Adjusted Operating Income % net sales11.1 %11.5 %10.9 %11.6 %
Net Income $30,940 $31,106 $60,124 $62,906 
CEO Transition(1), net of tax benefit $56 and $110, respectively
— 173 — 341 
Acquisition and Integration Expenses(2), net of tax benefit $91 and $57, $233 and $57, respectively
266 178 682 178 
Restructuring Expenses(3), net of tax benefit $1,017 and $148, $1,511 and $334, respectively
2,981 457 4,429 1,033 
Adjusted Net Income
$34,187 $31,914 $65,235 $64,458 
Fully Diluted EPS $2.55 $2.57 $4.96 $5.21 
CEO Transition(1)
— 0.01 — 0.03 
       Acquisition and Integration Expenses(2)
0.02 0.01 0.06 0.01 
       Restructuring Expenses(3)
0.25 0.04 0.37 0.09 
              Adjusted Fully Diluted EPS $2.82 $2.63 $5.39 $5.34 

Notes:
1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses
2.Acquisition and integration expenses include advisory fees and other related costs for both successful and unsuccessful deals, integration and divestiture expenses
3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements



Page 10
Attachment 2

Alamo Group Inc.
Non-GAAP Financial Reconciliation
(in thousands)
(Unaudited)


EBITDA
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Net Income$30,940$31,106$60,124$62,906
Interest, net3,5532,4896,6964,445
Provision for income taxes10,65310,30020,51720,343
Depreciation9,4169,77219,16719,217
Amortization 5,0154,0789,8948,127
     EBITDA$59,577$57,745$116,398$115,038
     EBITDA % net sales13.2 %13.8 %13.4 %14.2 %
Adjustments:
CEO Transition(1)
$—$229$—$451
Acquisition and Integration Expenses(2)
357235915235
Restructuring Expenses(3)
3,9986055,9401,367
     Adjusted EBITDA$63,932$58,814$123,253$117,091
     Adjusted EBITDA % net sales14.2 %14.0 %14.2 %14.5 %

Notes:
1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses
2.Acquisition and integration expenses include advisory fees and other related costs for both successful and unsuccessful deals, integration and divestiture expenses
3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements




Page 11
Attachment 3

Alamo Group Inc.
Non-GAAP Financial Reconciliation
(in thousands)
(Unaudited)

Industrial Equipment Division Performance
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Backlog$365,286 $509,610 
Net Sales$271,641 $240,715 513,370 467,775 
Income from Operations36,860 34,327 68,506 65,477 
Income from Operations % net sales13.6 %14.3 %13.3 %14.0 %
Adjustments:
CEO Transition(1)
$— $121 $— $240 
Acquisition and Integration Expenses(2)
221 125 621 125 
Restructuring Expenses(3)
1,389 — 1,709 — 
Adjusted Operating Income$38,470 $34,573 $70,836 $65,842 
Adjusted Operating Income % of sales14.2 %14.4 %13.8 %14.1 %
Depreciation5,339 5,519 10,826 10,912 
Amortization2,031 1,132 3,954 2,261 
Other income (expense)(508)(895)(535)(1,255)
EBITDA$43,722 $40,083 $82,751 $77,395 
EBITDA % net Sales16.1 %16.7 %16.1 %16.5 %
Adjustments:
CEO Transition(1)
$— $121 $— $240 
 Acquisition and Integration Expenses(2)
221 125 621 125 
Restructuring Expenses(3)
1,389 — 1,709 — 
Adjusted EBITDA$45,332 $40,329 $85,081 $77,760 
Adjusted EBITDA % net sales16.7 %16.8 %16.6 %16.6 %

Notes:
1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses
2.Acquisition and integration expenses include advisory fees and other related costs for both successful and unsuccessful deals, integration and divestiture expenses
3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements







Page 12

Attachment 3 (Continued)

Alamo Group Inc.
Non-GAAP Financial Reconciliation
(in thousands)
(Unaudited)

Vegetation Management Division Performance
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Backlog$184,031 $177,625 
Net Sales$179,092 $178,358 354,512 342,248 
Income from Operations8,905 12,751 19,418 26,063 
Income from Operations % net sales5.0 %7.1 %5.5 %7.6 %
Adjustments:
CEO Transition(1)
$— $108 $— $211 
Acquisition and Integration Expenses(2)
136 110 294 110 
Restructuring Expenses(3)
2,609 605 4,231 1,367 
Adjusted Operating Income$11,650 $13,574 $23,943 $27,751 
Adjusted Operating Income % of sales6.5 %7.6 %6.8 %8.1 %
Depreciation4,077 4,253 8,341 8,305 
Amortization2,984 2,946 5,940 5,866 
Other income (expense)(111)(2,288)(52)(2,591)
EBITDA$15,855 $17,662 $33,647 $37,643 
EBITDA % net Sales8.9 %9.9 %9.5 %11.0 %
Adjustments:
CEO Transition(1)
$— $108 $— $211 
Acquisition and Integration Expenses(2)
136 110 294 110 
Restructuring Expenses(3)
2,609 605 4,231 1,367 
Adjusted EBITDA$18,600 $18,485 $38,172 $39,331 
Adjusted EBITDA % net sales10.4 %10.4 %10.8 %11.5 %

Notes:
1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses
2.Acquisition and integration expenses include advisory fees and other related costs for both successful and unsuccessful deals, integration and divestiture expenses
3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements





Page 13
Attachment 4

Alamo Group Inc.
Non-GAAP Financial Reconciliation
(in thousands)
(Unaudited)

Consolidated Net Change of Total Debt, Net of Cash
June 30, 2026June 30, 2025Net Change
Current maturities$5,063 $15,000 
Long-term debt, net of current257,679 198,115 
Total debt$262,742 $213,115 
Total cash194,995 201,823 
     Total Debt, Net of Cash$67,747 $11,292 $56,455 


Impact of Currency Translation on Net Sales by Division
Three Months Ended
June 30,		Change due to currency translation
20262025% change from 2025$%
Vegetation Management$179,092 $178,358 0.4 %$1,345 0.8 %
Industrial Equipment271,641 240,715 12.8 %359 0.1 %
Total net sales
$450,733 $419,073 7.6 %$1,704 0.4 %
Six Months Ended
June 30,		Change due to currency translation
20262025% change from 2025$%
Vegetation Management$354,512 $342,248 3.6 %$6,731 2.0 %
Industrial Equipment513,370 467,775 9.7 %3,735 0.8 %
Total net sales
$867,882 $810,023 7.1 %$10,466 1.3 %















Source: View Original Filing on SEC EDGAR

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