RhinoAg to close facility in Gibson City next year, laying off employees [Yahoo! Finance]
Alamo Group, Inc. (ALG)
Last alamo group, inc. earnings: 2/27 04:15 pm
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Source: Yahoo! Finance
In the letter, the Alamo Group said they will consolidate operations at their RhinoAg facility in Gibson City to the Bush Hog facility in Selma, Alabama by the end of March 2025. RhinoAg president Lisa Tubbs said in the letter the decision is a “strategic move necessary for the long-term sustainability” of the company. The company offers products like rotary cutters, flex-wing mowers, single spindles mowers, Multi-spindles mowers, boom mowers, and finish mowers according to their website. Several Central Illinois Kentucky Fried Chicken locations close WCIA reached out to a spokesperson for RhinoAg but they did not respond. Layoffs are expected begin in October. This is a developing story. Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WCIA.com.
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News
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- Alamo Group (NYSE:ALG) shareholders have earned a 11% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Alamo Group Inc. (NYSE: ALG) had its price target raised by analysts at DA Davidson from $209.00 to $219.00. They now have a "buy" rating on the stock.MarketBeat
- 80 Gibson City RhinoAg employees to be laid off by March 2025 [Yahoo! Finance]Yahoo! Finance
ALG
Earnings
- 7/31/24 - Miss
ALG
Sec Filings
- 8/29/24 - Form 4
- 8/28/24 - Form 144
- 8/21/24 - Form 4
- ALG's page on the SEC website