ALAMO GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND COST REDUCTION ACTIONS
Alamo Group, Inc. (ALG)
Last alamo group, inc. earnings: 2/27 04:15 pm
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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 reported results for the third quarter ended September 30, 2024.Highlights for the QuarterNet Sales of $401.3 million, down 4.4% versus prior yearIndustrial Equipment Division net sales of $211.2 million, up 22.3%Vegetation Management Division net sales of $190.1 million, down 23.0%Income from operations of $40.1 million, 10.0% of net salesNet income of $27.4 millionFully diluted EPS of $2.28 per share, including $0.10 of expense associated with workforce reductions; EPS of $2.38 per share excluding such expense (1)Total debt net of cash of $84.1 million improved by $126.2 million or 60.0% compared to third quarter 2023 (1)Backlog at the end of the third quarter was $728.8 millionTrailing twelve-month EBITDA of $228.2 million holds at 13.7% of Net Sales (1)The Company is implementing cost saving actions targeting annualized savings of $25 to $30 millionWorkforce reduction expenses for the third quarter and
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ALG
Earnings
- 10/31/24 - Miss
ALG
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- ALG's page on the SEC website