ALAMO GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
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Interim Condensed Consolidated Statements of Income
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 |
| Net sales: | ||
| Vegetation Management | $223,747 | $256,435 |
| Industrial Equipment | 201,839 | 155,336 |
| Total net sales | 425,586 | 411,771 |
| Cost of sales | 313,954 | 299,264 |
| Gross profit | 111,632 | 112,507 |
| Selling, general and administrative expenses | 60,594 | 59,668 |
| Amortization expense | 4,059 | 3,815 |
| Income from operations | 46,979 | 49,024 |
| Interest expense | (6,091) | (5,940) |
| Interest income | 801 | 383 |
| Other income (expense), net | 98 | 1,002 |
| Income before income taxes | 41,787 | 44,469 |
| Provision for income taxes | 9,667 | 11,120 |
| Net Income | $32,120 | $33,349 |
| Net income per common share: | ||
| Basic | $2.69 | $2.80 |
| Diluted | $2.67 | $2.79 |
| Average common shares: | ||
| Basic | 11,944 | 11,899 |
| Diluted | 12,020 | 11,962 |
| Dividends declared | $0.26 | $0.22 |
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