Alamo Group Q3 2021: EPS $1.47 (down 13%), sales up 16% to $338M, backlog $645M

ALAMO GROUP INC

2021-Q3 EPS reported $5.13 revenue$997,050,000

Net income $17.5M ($1.47 diluted EPS) down 13% from $20.0M ($1.69) in Q3 2020.
Sales $338.3M up 16% YoY; adjusted operating income $31.1M down 2%.
Industrial Division op income fell 17% to $16.0M despite 12% sales growth.
Agricultural Division sales up 25% to $119.3M, op income up 21% to $14.1M.
Backlog $645.1M (+154%); debt reduced $20.7M; Timberwolf acquisition completed.

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