Alamo Group reports record Q2 2022 sales of $396.2M, EPS $2.39, up 9.4% YoY

ALAMO GROUP INC

2022-Q2 EPS reported $3.94 revenue$758,219,000

Net sales $396.2M, up 14.0% YoY; net income $28.5M ($2.39 diluted EPS) vs $26.0M ($2.19) in Q2 2021.
Backlog reached $894.0M, up 77.5% from prior year quarter-end, driven by strong demand.
Vegetation Management sales $255.0M (+18.8% YoY); income from operations up 44.7% to $32.8M.
Industrial Equipment sales $141.2M (+6.3% YoY); income from operations down 25.7% to $8.1M on supply chain issues.
CEO cites modest supply chain improvements, expects gradual recovery; backlog margin increasingly healthy.

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