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1ST HALF: ALAMO GROUP'S SALES UP 15%, NET INCOME UP 8%: $46.9 MILLION
Source: Alamo Group news release

SEGUIN, Texas -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2022.

Highlights for the Quarter

Net sales of $396.2 million, up 14.0%

◦ Vegetation Management net sales of $255.0 million, up 18.8%

◦ Industrial Equipment net sales of $141.2 million, up 6.3%

Income from operations of $40.9 million, up 21.8%

Net income of $28.5 million, or $2.39 per diluted share, up 9.4%

Trailing twelve-month EBITDA of $172.9 million, up 6.7% from full year 2021(1)

Backlog of $894.0 million, up 77.5% compared to prior year second quarter-end

To read the entire report click here.


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