Alamo Group (ALG) Tops Q1 EPS by 8c

Alamo Group (NYSE: ALG) reported Q1 EPS of $1.29, $0.08 better than the analyst estimate of $1.21. Revenue for the quarter came in at $314.4 million versus the consensus estimate of $318.02 million.

Highlights for the Quarter

• Record net income for the first quarter of $15.5 million, up 1.8%
• Record net sales for the first quarter of $314.4 million, up 20%
  • Industrial Division net sales $230.0 million, up 32.5%
  • Agricultural Division net sales $84.5 million, down 4.4%
• EBITDA for the first quarter of $35.0 million, up 20.9%(1)
• Backlog at $232.6 million, down 9.8% from the first quarter of 2019 and down 10.9% compared to the fourth quarter of 2019
• Beginning of adverse impact from COVID-19 pandemic

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

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