ALAMO GROUP INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
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Interim Condensed Consolidated Balance Sheets
| (in thousands, except share amounts) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $140,038 | $51,919 |
| Accounts receivable, net | 356,617 | 362,007 |
| Inventories, net | 371,999 | 377,480 |
| Prepaid expenses and other current assets | 10,899 | 12,497 |
| Income tax receivable | 51 | 54 |
| Total current assets | 879,604 | 803,957 |
| Rental equipment, net | 47,260 | 39,264 |
| Property, plant and equipment | 373,939 | 365,960 |
| Less: Accumulated depreciation | (210,565) | (199,300) |
| Total property, plant and equipment, net | 163,374 | 166,660 |
| Goodwill | 206,458 | 206,536 |
| Intangible assets, net | 156,399 | 168,296 |
| Deferred income taxes | 1,450 | 1,375 |
| Other non-current assets | 26,796 | 23,298 |
| Total assets | $1,481,341 | $1,409,386 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | $97,259 | $99,678 |
| Income taxes payable | 15,687 | 12,529 |
| Accrued liabilities | 84,061 | 86,711 |
| Current maturities of long-term debt and finance lease obligations | 15,009 | 15,008 |
| Total current liabilities | 212,016 | 213,926 |
| Long-term debt and finance lease obligations, net of current maturities | 209,157 | 220,269 |
| Long-term tax liability | 708 | 2,634 |
| Other long-term liabilities | 28,886 | 23,694 |
| Deferred income taxes | 12,854 | 16,100 |
| Stockholders’ equity: | ||
| Common stock, $0.10 par value, 20,000,000 shares authorized; 12,013,483 and 11,964,181 outstanding at September 30, 2024 and December 31, 2023, respectively | 1,201 | 1,196 |
| Additional paid-in-capital | 144,616 | 137,791 |
| Treasury stock, at cost; 82,600 shares at September 30, 2024 and December 31, 2023, respectively | (4,566) | (4,566) |
| Retained earnings | 931,379 | 852,859 |
| Accumulated other comprehensive loss | (54,910) | (54,517) |
| Total stockholders’ equity | 1,017,720 | 932,763 |
| Total liabilities and stockholders’ equity | $1,481,341 | $1,409,386 |
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