Alamo Group (ALG) Misses Q1 EPS by 6c

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Go back to Alamo Group (ALG) Misses Q1 EPS by 6c

Alamo Group Announces Record First Quarter Results And Prospective Changes In Segment Reporting

May 1, 2019 4:45 PM EDT

SEGUIN, Texas, May 1, 2019 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2019.

Highlights for the Quarter

Record net income for a first quarter of $15.3 million, up 4.6% Record net sales for a first quarter of $261.9 million, up 10.0% Industrial Division up 19.9% Agricultural Division down (9.3%) European Division up 6.5%Backlog remains strong at $257.8 million, including Dutch Power, up 8.4% compared to the previous year's first quarter Alamo Group announces... More