Alamo Group Inc. designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, such as boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor-and truck-mounted mowing, and vegetation maintenance equipment and replacement parts. It also provides truck-mounted air vacuum, mechanical broom, and regenerative air sweepers; pothole patchers; leaf collection equipment and replacement brooms; parking lot and street sweepers; excavators; catch basin cleaners and roadway debris vacuum systems; truck-mounted vacuum trucks, combination sewer cleaners, and hydro excavators; ice control products; snow plows and heavy duty snow removal equipment, hitches, attachments, and graders; landscape and vegetation maintenance equipment; and public works and runway maintenance products, parts, and services. In addition, the company offers rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades, and replacement parts, as well as zero turn radius mowers; cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts; and heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, and replacement parts. Further, it provides tractor attachments; agricultural implements; hydraulic and boom-mounted hedge and grass cutters, and other tractor attachments and implements; hedgerow cutters, industrial grass mowers, and agricultural seedbed preparation cultivators; self-propelled sprayers and multi-drive load-carrying vehicles; cutting blades; hydraulic and mechanical boom mowers; and high pressure cleaning systems and trenchers. Alamo Group Inc. was founded in 1955 and is headquartered in Seguin, Texas.
IPO Year:
Exchange: NYSE
Website: alamo-group.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2025 | $224.00 → $177.00 | Outperform → Neutral | Robert W. Baird |
| 9/1/2023 | $201.00 | Outperform | Robert W. Baird |
| 7/7/2023 | $215.00 | Outperform | Raymond James |
| 3/16/2023 | $173.00 → $196.00 | Neutral → Buy | DA Davidson |
| 10/14/2021 | $150.00 | Neutral | DA Davidson |
SEGUIN, Texas, May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the first quarter ended March 31, 2025. Highlights: Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-yearVegetation Management Division net sales of $163.9 million, down 26.8% year-over-year Income from operations of $44.5 million, 11.4% of net sales – an increase of 40 basis points versus the first quarter of 2024 and 130 basis points versus the full year 2024 Net Income of $31.8 millionFully diluted EPS increased to $2.64 per share, an improvement of
SEGUIN, Texas, May 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it will release financial results for the first quarter of 2025 after the market closes on Thursday, May 8, 2025. The Company will host a conference call to discuss the results on Friday, May 9, 2025, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Friday, May 16, 2025, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (internationally), passcode 3570057. Th
SEGUIN, Texas, April 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.30 per share. Payment of the April dividend will be made on April 29, 2025, to shareholders of record at the close of business on April 16, 2025. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment,
SEGUIN, Texas, Feb. 27, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the fourth quarter and fiscal year ended December 31, 2024. Highlights: Fourth Quarter Results: Net Sales of $385.3 million, down 7.7% versus prior yearIndustrial Equipment Division net sales of $225.5 million, up 11.0%Vegetation Management Division net sales of $159.8 million, down 25.5%Income from operations of $34.4 million, 8.9% of net salesFourth quarter results include approximately $1.0 million in separation costsNet income of $28.1 millionFully diluted EPS of $2.33 per share; fully diluted EPS of $2.39, excluding fourth quarter separation costs(1)Full Year Results: Net Sales of $1.629
SEGUIN, Texas, Feb. 20, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it will release its fourth quarter and year-end financial results after the market closes on Thursday, February 27, 2025. The Company will host a conference call to discuss the results on Friday, February 28, 2025, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Friday, March 7, 2025, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (internationally), pass
SEGUIN, Texas, Jan. 2, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared a quarterly dividend of $0.30 per share, raising the quarterly dividend amount by $0.04 per quarter. This significant dividend increase of more than 15 percent underscores Alamo Group's unwavering commitment to delivering long-term value to its shareholders and is aligned with the Company's disciplined capital allocation strategy. The consistency of the Company's annual dividend increases reflects the resilience of the business and continued confidence in the Company's future. Payment of the January dividend will be made on January 29, 2025, to shareholders of rec
SEGUIN, Texas, Dec. 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that Jeff Leonard, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2025 and upon the appointment of his successor. As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr. Leonard's replacement within the next several months. In announcing his retirement, Mr. Leonard stated, "It has been an honor being part of Alamo Group since 2011 and serving as Alamo Group's President and CEO for the last several years. I have watch
SEGUIN, Texas, Dec. 4, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Colleen Haley as a new independent member of the Board effective December 4, 2024. Ms. Haley, 57, has been Chief Executive Officer of Quality Metalcraft/Experi-Metal, Inc. ("QMC-EMI") since March 2021. Based in Livonia, Michigan, QMC-EMI is a leading metal fabrication company serving the automotive, commercial vehicle, aerospace, and defense industries. Prior to her role with QMC-EMI, Ms. Haley was Group VP, Operations, with Parker Hannifin Corporation from 2016 to 2021. From 2000 to 2016, Ms. Hal
SEGUIN, Texas, Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase in the aggregate up to $50 million of its outstanding common stock. Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "This share repurchase program is part of a disciplined capital allocation strategy that demonstrates our commitment to enhancing shareholder value. Today's announcement affirms our confidence in the future of our business and is based on the strength of our balance sheet and our expectations of future cash flow generation." The extent to which
SEGUIN, Texas, Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the third quarter ended September 30, 2024. Highlights for the Quarter Net Sales of $401.3 million, down 4.4% versus prior yearIndustrial Equipment Division net sales of $211.2 million, up 22.3%Vegetation Management Division net sales of $190.1 million, down 23.0%Income from operations of $40.1 million, 10.0% of net salesNet income of $27.4 millionFully diluted EPS of $2.28 per share, including $0.10 of expense associated with workforce reductions; EPS of $2.38 per share excluding such expense (1)Total debt net of cash of $84.1 million improved by $126.2 million or 60.0% compared to third qua
Robert W. Baird downgraded Alamo Group from Outperform to Neutral and set a new price target of $177.00 from $224.00 previously
Robert W. Baird initiated coverage of Alamo Group with a rating of Outperform and set a new price target of $201.00
Raymond James initiated coverage of Alamo Group with a rating of Outperform and set a new price target of $215.00
DA Davidson upgraded Alamo Group from Neutral to Buy and set a new price target of $196.00 from $173.00 previously
DA Davidson initiated coverage of Alamo Group with a rating of Neutral and set a new price target of $150.00
SEGUIN, Texas, May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the first quarter ended March 31, 2025. Highlights: Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-yearVegetation Management Division net sales of $163.9 million, down 26.8% year-over-year Income from operations of $44.5 million, 11.4% of net sales – an increase of 40 basis points versus the first quarter of 2024 and 130 basis points versus the full year 2024 Net Income of $31.8 millionFully diluted EPS increased to $2.64 per share, an improvement of
SEGUIN, Texas, May 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it will release financial results for the first quarter of 2025 after the market closes on Thursday, May 8, 2025. The Company will host a conference call to discuss the results on Friday, May 9, 2025, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Friday, May 16, 2025, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (internationally), passcode 3570057. Th
SEGUIN, Texas, April 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.30 per share. Payment of the April dividend will be made on April 29, 2025, to shareholders of record at the close of business on April 16, 2025. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment,
SEGUIN, Texas, Feb. 27, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the fourth quarter and fiscal year ended December 31, 2024. Highlights: Fourth Quarter Results: Net Sales of $385.3 million, down 7.7% versus prior yearIndustrial Equipment Division net sales of $225.5 million, up 11.0%Vegetation Management Division net sales of $159.8 million, down 25.5%Income from operations of $34.4 million, 8.9% of net salesFourth quarter results include approximately $1.0 million in separation costsNet income of $28.1 millionFully diluted EPS of $2.33 per share; fully diluted EPS of $2.39, excluding fourth quarter separation costs(1)Full Year Results: Net Sales of $1.629
SEGUIN, Texas, Feb. 20, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it will release its fourth quarter and year-end financial results after the market closes on Thursday, February 27, 2025. The Company will host a conference call to discuss the results on Friday, February 28, 2025, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Friday, March 7, 2025, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (internationally), pass
SEGUIN, Texas, Jan. 2, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared a quarterly dividend of $0.30 per share, raising the quarterly dividend amount by $0.04 per quarter. This significant dividend increase of more than 15 percent underscores Alamo Group's unwavering commitment to delivering long-term value to its shareholders and is aligned with the Company's disciplined capital allocation strategy. The consistency of the Company's annual dividend increases reflects the resilience of the business and continued confidence in the Company's future. Payment of the January dividend will be made on January 29, 2025, to shareholders of rec
SEGUIN, Texas, Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today reported results for the third quarter ended September 30, 2024. Highlights for the Quarter Net Sales of $401.3 million, down 4.4% versus prior yearIndustrial Equipment Division net sales of $211.2 million, up 22.3%Vegetation Management Division net sales of $190.1 million, down 23.0%Income from operations of $40.1 million, 10.0% of net salesNet income of $27.4 millionFully diluted EPS of $2.28 per share, including $0.10 of expense associated with workforce reductions; EPS of $2.38 per share excluding such expense (1)Total debt net of cash of $84.1 million improved by $126.2 million or 60.0% compared to third qua
SEGUIN, Texas, Oct. 24, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it will release financial results for the third quarter of 2024 after the market closes on Thursday, October 31, 2024. The Company will host a conference call to discuss the results on Friday, November 1, 2024, at 10:00 a.m. ET. Hosting the call will be members of senior management. Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Friday, November 8, 2024, by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (internationally), passc
SEGUIN, Texas, Oct. 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on October 28, 2024, to shareholders of record at the close of business on October 15, 2024. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution and service of high-quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, fores
SEGUIN, Texas, Aug. 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd. Herschel Parts, a manufacturer of high-quality agricultural replacement and wear parts based in Indianola, Iowa, was originally acquired by Alamo Group in 1995 and represented a small part of Alamo Group's Vegetation Management Division. Chief Executive Officer and President, Jeffery A. Leonard, commented on the sale as follows, "We are pleased to announce the successful sale of our small operation in Indianola, Iowa. This decision reflects our commitment to driving continuous improvement and profitable growth for Alamo Group. H
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SEGUIN, Texas, Dec. 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) announced today that Jeff Leonard, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2025 and upon the appointment of his successor. As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr. Leonard's replacement within the next several months. In announcing his retirement, Mr. Leonard stated, "It has been an honor being part of Alamo Group since 2011 and serving as Alamo Group's President and CEO for the last several years. I have watch
SEGUIN, Texas, Dec. 4, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Colleen Haley as a new independent member of the Board effective December 4, 2024. Ms. Haley, 57, has been Chief Executive Officer of Quality Metalcraft/Experi-Metal, Inc. ("QMC-EMI") since March 2021. Based in Livonia, Michigan, QMC-EMI is a leading metal fabrication company serving the automotive, commercial vehicle, aerospace, and defense industries. Prior to her role with QMC-EMI, Ms. Haley was Group VP, Operations, with Parker Hannifin Corporation from 2016 to 2021. From 2000 to 2016, Ms. Hal
SEGUIN, Texas, June 10, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that Michael A. Haberman, Executive Vice President of the Industrial Equipment Division, will retire from his current role on August 6, 2024. Upon Mr. Haberman's retirement, Kevin Thomas will succeed Mr. Haberman as Executive Vice President of the Industrial Equipment Division. Mr. Thomas has been with the Company since February 2022 when he joined as Vice President of the Excavator and Vacuum Truck Group. Prior to joining the Company, Mr. Thomas was with Navistar International since 1999, with his most recent role being as President of Navistar Defense LLC since 2015. Chief Executive Officer and Presid
SEGUIN, Texas, March 6, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that Richard J. Wehrle, Executive Vice President, Chief Financial Officer and Treasurer, will retire from the Company on May 3, 2024. Ms. Agnes Kamps joined the Company as Executive Vice-President on March 6, 2024, and will take on the duties of Company Treasurer immediately. Upon Mr. Wehrle's retirement, Ms. Kamps will succeed Mr. Wehrle as the Company's Chief Financial Officer. Ms. Kamps joins the Company from Americas Styrenics, LLC, where she has served as Vice President and Chief Financial Officer since January 2021. Prior to her role with Americas Styrenics, Ms. Kamps served in various accounti
SEGUIN, Texas, Feb. 22, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that Roderick ("Rock") R. Baty will retire from the Board of Directors effective April 30, 2024. Mr. Baty joined the Board in August 2011 and has served in various capacities during his tenure. Mr. Baty was appointed Independent Board Chair on May 3, 2018. Upon Mr. Baty's retirement from the Board, current Board member, Richard ("Rick") W. Parod, will be appointed the new Independent Board Chair effective April 30, 2024. The Company also today announced that it has appointed Paul D. Householder as a new independent member of the Board effective February 22, 2024. Mr. Householder is the President and Chi
LAKE OSWEGO, Ore., Feb. 28, 2022 /PRNewswire/ -- As previously announced, The Greenbrier Companies, Inc. (NYSE:GBX) ("Greenbrier" or "Company"), a leading international supplier of equipment and services to global freight transportation markets, has appointed Lorie Tekorius to the role of President & CEO, effective March 1. Chairman, CEO and Co-Founder William A. Furman will serve as Executive Chair. In this role he will retain responsibility for certain line functions until August 31, 2022, the end of Greenbrier's fiscal year. Furman will retire from all executive offices at that time. He will remain an active Board member through his current Board term concluding in January 2024. Furma
SEGUIN, Texas, Dec. 9, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) is pleased to announce that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Nina Grooms as a new independent member of the Board, effective December 9, 2021. Ms. Grooms has three decades of industry experience and is currently Chief Product Officer of May Mobility. Based in Ann Arbor, Michigan, May Mobility is a leader in autonomous vehicle technology with a mission to transform communities through the development and deployment of safe and accessible autonomous vehicles. Ms. Grooms has been with May Mobility since 2020 and before that served in various management
LAKE OSWEGO, Ore., Oct. 26, 2021 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, announced today that its Board of Directors appointed President and Chief Operating Officer (COO), Lorie Tekorius, as the company's next CEO and President, effective March 1, 2022. On the same date, Greenbrier's co-founder, Chairman and CEO William A. Furman will assume the newly created role of Executive Chair until his retirement. These actions continue the company's executive succession and talent pipeline process. As announced in July 2020, Furman will retire from all executive of
SEGUIN, Texas, July 19, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced the following segment reporting change and executive leadership appointments: Realignment of the Agricultural Division and Industrial Division into the Vegetation Management Division and Industrial Equipment Division, to take effect at the beginning of the Fourth Quarter of 2021 Appointment of Rick Raborn as the Executive Vice-President of the Vegetation Management Division Appointment of Michael Haberman as the Executive Vice-President of the Industrial Equipment Division Dan Malone will transition from his position as the Company's Executive Vice-President and Chief Financial Office
SEGUIN, Texas, June 1, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it has expanded the membership of its Board of Directors from seven to eight members and has appointed Jeffery A. Leonard as a new member of the Board, effective June 1, 2021. As previously announced, Mr. Leonard succeeded Ronald A. Robinson as President and Chief Executive Officer of the Company, effective May 31, 2021. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipme