Alamo Group Q3 2022 net sales $368.8M (+9% YoY), EPS $2.16 (+47% YoY), both records

ALAMO GROUP INC

2022-Q3 EPS reported $6.10 revenue$1,127,012,000

Net sales $368.8M, up 9.0% YoY; net income $25.8M ($2.16 diluted EPS), up 46.9%.
Vegetation Mgmt sales $228.5M (+8.9%), op income $27.1M (+26.9%); Industrial Equip sales $140.3M (+9.2%), op income flat at $8.7M.
Backlog $908.9M, up 40.9% YoY; TTM EBITDA $179.0M, up 10.4% from FY2021.
Management expects Q4 solid sales growth and improved YoY earnings despite supply chain and labor headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ALAMO GROUP INC reported the third quarter ended September 30, 2022 results: revenue $368.8 million, net income $25.8 million, EPS $2.16 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $368.8 million
Net income: $25.8 million
EPS: $2.16 per diluted share
Result: reported results

Exact text from the filing

Texas, November 3, 2022 -- Alamo Group Inc. (NYSE: ALG) today reported record results for the third quarter ended September 30, 2022. Highlights for the Quarter • Net sales of $368.8 million, up 9.0% ◦ Vegetation Management net sales of $228.5 million, up 8.9% ◦ Industrial Equipment net sales of $140.3 million, up 9.2% • Income from operations of $35.8 million, up

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Source: SEC EDGAR

accession 0000897077-22-000120

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