Alamo Group (ALG) Tops Q3 EPS by 17c

Alamo Group (NYSE: ALG) reported Q3 EPS of $1.42, $0.17 better than the analyst estimate of $1.25. Revenue for the quarter came in at $240.5 million versus the consensus estimate of $226.08 million.

• Record net income for a third quarter of $16.6 million, up 25.4%
• Record net sales for a third quarter of $240.5 million, up 10.9%
  • Industrial Division net sales of $132.4 million, up 9.2%
  • Agricultural Division net sales of $64.9 million, up 15.0%
  • European Division net sales of $43.1 million, up 10.3%
• Record net income for the first nine months of $41.1 million, up 26.6%
• Record net sales for the first nine months of $669.1 million, up 4.7%
• Backlog at $181.0 million, up 31.7% compared to previous year's third quarter

For earnings history and earnings-related data on Alamo Group (ALG) click here.

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