Alamo Group (ALG) Misses Q2 EPS by 28c

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Go back to Alamo Group (ALG) Misses Q2 EPS by 28c

Alamo Group Announces 2015 Second Quarter Results

August 5, 2015 7:00 PM EDT

SEGUIN, Texas, Aug. 5, 2015 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2015.

Highlights for the Quarter

Record net sales for the quarter of $215.7 million Net income for the quarter grew 6% to $9.7 million Improvement in gross margins Weak agricultural market and strong U.S. dollar continue to impact results Currency translation negatively impacted net sales by $9.8 million Record net sales for first six months of $423.5 million Record backlog of $162.3... More