secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0000897077-21-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alamo Group reports Q2 sales up 29% to $347.6M, net income doubles to $26.0M, record backlog
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- Net sales $347.6M (+29% YoY); net income $26.0M (+100%); diluted EPS $2.19 (+99%).
- Adjusted net income $23.4M, or $1.97 per diluted share (+73% YoY).
- Industrial Division sales $231.2M (+27%); Agricultural Division sales $116.3M (+35%).
- Backlog increased 11% sequentially and 132% YoY to $503.6M; debt reduced $38.7M in quarter.
- Management cites supply chain disruptions, labor shortages, and input cost inflation as headwinds; expects challenges through 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707721000115/0000897077-21-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707721000115/alg-20210804.htm
  HTML page:      https://secwatch.observer/filing/0000897077-21-000115

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