Alamo Group Inc. (NYSE: ALG) announced it will cease production of its Boxer branded line of products, a decision made on September 8, 2026, as part of an ongoing review of its product portfolio.

The company estimates it will incur between $7.0 million and $10.0 million in charges during the third quarter of 2026 related to the discontinuation. Alamo Group said it does not expect material cash expenditures in connection with these impairment charges.

The estimates are subject to assumptions including the net realizable value of related inventory and equipment returns. The company noted it may incur additional charges not currently contemplated due to unanticipated events.