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Mar. 24, 2025 Source: Alamo Group news release SEGUIN, Texas -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and fiscal year ended December 31, 2024. Full Year Results: • Net Sales of $1.629 billion, down 3.6% versus prior year ▪ Industrial Equipment Division net sales of $843.3 million, up 18.7% ▪ Vegetation Management Division net sales of $785.2 million, down 19.8% • Income from operations of $164.8 million, 10.1% of net sales, double-digit profitability, despite market headwinds *Total impact from cost reduction efforts in 2024 was approximately $6.1 million, including approximately $4.2 million in separation expenses ▪ Total impact from the labor strike at Gradall Industries was approximately $3.6 million • Net income of $115.9 million • Fully diluted EPS of $9.63 per share; fully diluted EPS of $10.12, excluding impacts of separation expenses and Gradall strike *Operating cash flow of $209.8 million driven by disciplined inventory management and efficient receivables control • Total debt was $220.5 million. Total debt net of cash was $23.2 million, representing an improvement of $160.1 million or 87.3% compared to end of 2023 • Backlog at the end of the year was $668.6 million • Trailing twelve-month EBITDA of $220.6 million was 13.5% of Net Sales • Ongoing cost saving initiatives, launched in the third quarter of 2024, remain on track to deliver annualized savings of approximately $25 to $30 million To read the entire report click here. Tweet |
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