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 May 9, 2022 Source: Alamo Group news release SEGUIN, Texas -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2022. Highlights for the Quarter: • Net sales of $362.0 million, up 16.3% ◦ Vegetation Management net sales of $221.0 million, up 20.2% ◦ Industrial Equipment net sales of $141.0 million, up 10.8% • Income from operations of $29.1 million, up 14.5% • Net income of $18.5 million, or $1.55 per diluted share, up 5.8% ◦ Adjusted net income of $19.4 million, or $1.63 per diluted share, up 11.4% (1) • Trailing twelve-month EBITDA of $165.7 million, up 2.2% from full year 2021(1) • Backlog of $917.8 million, up 102.8% compared to prior year first quarter-end To read the entire report click here. Tweet |
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