Alamo Group (ALG) Misses Q1 EPS by 8c

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

ALAMO GROUP ANNOUNCES RECORD 2022 FIRST QUARTER SALES AND EARNINGS

May 4, 2022 5:15 PM EDT

SEGUIN, Texas, May 4, 2022 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2022.

Highlights for the Quarter

Net sales of $362.0 million, up 16.3%Vegetation Management net sales of $221.0 million, up 20.2%Industrial Equipment net sales of $141.0 million, up 10.8%Income from operations of $29.1 million, up 14.5%Net income of $18.5 million, or $1.55 per diluted share, up 5.8%Adjusted net income of $19.4 million, or $1.63 per diluted share, up 11.4%... More