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Stock impact report

ALAMO GROUP INC. ANNOUNCES SHARE REPURCHASE PROGRAM

Alamo Group, Inc. (ALG) 
Last alamo group, inc. earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: alamo-group.com/investor-relations
Company Research Source: PR Newswire
SEGUIN, Texas, Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase in the aggregate up to $50 million of its outstanding common stock.Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "This share repurchase program is part of a disciplined capital allocation strategy that demonstrates our commitment to enhancing shareholder value.  Today's announcement affirms our confidence in the future of our business and is based on the strength of our balance sheet and our expectations of future cash flow generation."The extent to which the Company may repurchase shares, and the timing of any such purchases, will depend upon market conditions and other corporate considerations as determined by the Company's Board and management.About Alamo GroupAlamo Group is a leader in the design, manufacture, distribution, and service of high-qua Show less Read more
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