Alamo Group (ALG) Tops Q1 EPS by 8c

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Go back to Alamo Group (ALG) Tops Q1 EPS by 8c

Alamo Group Announces First Quarter 2020 Results

May 6, 2020 6:00 PM EDT

SEGUIN, Texas, May 6, 2020 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2020.

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... More