ALAMO GROUP INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Net sales: | |||
| Vegetation Management | $979,040 | $937,065 | $812,676 |
| Industrial Equipment | 710,611 | 576,551 | 521,547 |
| Total net sales | 1,689,651 | 1,513,616 | 1,334,223 |
| Cost of sales | 1,236,007 | 1,137,098 | 999,709 |
| Gross profit | 453,644 | 376,518 | 334,514 |
| Selling, general and administrative expenses | 240,158 | 212,649 | 202,939 |
| Amortization expense | 15,519 | 15,277 | 14,637 |
| Income from operations | 197,967 | 148,592 | 116,938 |
| Interest expense | (26,093) | (14,361) | (10,533) |
| Interest income | 1,485 | 752 | 1,149 |
| Other income (expense) | 1,761 | (673) | 1,944 |
| Income before income taxes | 175,120 | 134,310 | 109,498 |
| Provision for income taxes | 38,959 | 32,382 | 29,253 |
| Net income | $136,161 | $101,928 | $80,245 |
| Net income per common share: | |||
| Basic | $11.42 | $8.58 | $6.78 |
| Diluted | $11.36 | $8.54 | $6.75 |
| Average common shares: | |||
| Basic | 11,920 | 11,877 | 11,837 |
| Diluted | 11,987 | 11,934 | 11,896 |
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