secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000897077-22-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707722000053/0000897077-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707722000053/alg-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000897077-22-000053

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