ALAMO GROUP INC

For the period ended Jun 30, 2024. Filed Jul 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.

Jun 30, 2024 · Filed Jul 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 June 30,		Six Months Ended June 30,
(in thousands, except per share amounts)	2024	2023	2024	2023
Net sales:
Vegetation Management	$211,535	$261,346	$435,282	$517,781
Industrial Equipment	204,768	179,348	406,607	334,684
Total net sales	416,303	440,694	841,889	852,465
Cost of sales	308,122	322,620	622,076	621,884
Gross profit	108,181	118,074	219,813	230,581
Selling, general and administrative expenses	60,817	59,858	121,411	119,526
Amortization expense	4,055	3,824	8,114	7,639
Income from operations	43,309	54,392	90,288	103,416
Interest expense	(6,098)	(6,837)	(12,189)	(12,777)
Interest income	514	357	1,315	740
Other income (expense), net	(65)	(1,046)	33	(44)
Income before income taxes	37,660	46,866	79,447	91,335
Provision for income taxes	9,336	10,492	19,003	21,612
Net Income	$28,324	$36,374	$60,444	$69,723
Net income per common share:
Basic	$2.36	$3.05	$5.05	$5.85
Diluted	$2.35	$3.03	$5.02	$5.82
Average common shares:
Basic	11,974	11,921	11,959	11,910
Diluted	12,044	11,993	12,032	11,977
Dividends declared	$0.26	$0.22	$0.52	$0.44

ContentsView on SEC.gov

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