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FULL YEAR: ALAMO GROUP'S SALES UP 8%, NET INCOME UP 25%
Source: Alamo Group news release

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Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2013.

Full Year Results
For full year 2013, net sales were $676.8 million versus $628.4 million in 2012, an increase of 8%. Net income for the year was $36.1 million, or $2.96 per diluted share, compared to $28.9 million, or $2.40 per diluted share, in 2012, an increase of 25%. Net sales, net income and EPS in 2013 were records for Alamo Group.

In Alamo's North American Agricultural Division, net sales were $47.3 million in the fourth quarter of 2013 compared to $45.0 million in the prior year, an increase of 5%. The Division's full year net sales were $215.3 million in 2013 versus $200.5 million in 2012, an increase of 7%. The improved results were achieved despite softening demand in the general agricultural market.


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