ALAMO GROUP INC

For the period ended Sep 30, 2024. Filed Oct 31, 2024.

About this filing

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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Contents

Interim Condensed Consolidated Statements of Income

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands, except per share amounts)	2024	2023	2024	2023
Net sales:
Vegetation Management	$190,115	$246,902	$625,397	$764,683
Industrial Equipment	211,186	172,742	617,793	507,426
Total net sales	401,301	419,644	1,243,190	1,272,109
Cost of sales	300,414	305,501	922,490	927,385
Gross profit	100,887	114,143	320,700	344,724
Selling, general and administrative expenses	56,747	60,564	178,158	180,090
Amortization expense	4,061	3,826	12,175	11,465
Income from operations	40,079	49,753	130,367	153,169
Interest expense	(4,886)	(6,729)	(17,075)	(19,506)
Interest income	562	385	1,877	1,125
Other income (expense), net	(32)	138	1	94
Income before income taxes	35,723	43,547	115,170	134,882
Provision for income taxes	8,318	8,632	27,321	30,244
Net Income	$27,405	$34,915	$87,849	$104,638
Net income per common share:
Basic	$2.29	$2.93	$7.34	$8.78
Diluted	$2.28	$2.91	$7.30	$8.73
Average common shares:
Basic	11,977	11,928	11,965	11,916
Diluted	12,041	11,996	12,035	11,983
Dividends declared	$0.26	$0.22	$0.78	$0.66

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.