ALAMO GROUP INC reported results for the quarter with revenue of $450.73M and diluted EPS of $2.55, versus $419.07M and $2.57 in the prior-year quarter; net income was $30.94M compared with $31.11M a year earlier.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$450.73M$419.07M7.6% | Net income²$30.94M$31.11M(0.5%) | Diluted EPS³$2.55$2.57(0.8%) |
¹ Reported as “Total net sales”. ² Reported as “Net income”. ³ Reported as “Diluted income per common share”.
Business Highlights
- Revenue growth: Net sales rose about 8% in the quarter and 7% year-to-date, driven by acquisitions in Industrial Equipment and modest organic gains.
- Channel and backlog: Industrial backlog declined roughly 28% in the quarter as lead times normalized; demand across core markets remained generally stable.
- Acquisitions and margins: Recent purchases including Ring‑O‑Matic and Petersen contributed materially to sales, margins and operating improvements.
- Operations: Facility consolidations, relocations and a plant sale are causing temporary inefficiencies but are expected to yield long-term capacity and cost benefits.
Original SEC Filing:
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