Alamo Group reports record Q1 sales $362M, EPS $1.55; backlog doubles to $918M

ALAMO GROUP INC

2022-Q1 EPS reported $1.55 revenue$362,005,000

Q1 net sales $362.0M (+16.3% YoY); net income $18.5M ($1.55 diluted EPS) vs $17.5M ($1.47) prior year.
Adjusted net income $19.4M ($1.63 diluted EPS), excluding $1.3M excise tax charge from audit.
Vegetation Mgmt sales $221.0M (+20.2%); Industrial Equip $141.0M (+10.8%); both divisions double-digit growth.
Backlog $917.8M, up 102.8% YoY and 14.6% from year-end 2021; strong order bookings across markets.
Supply chain disruptions and cost inflation persist; operating margin down 70 bps; no near-term relief expected.

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