Alamo Group reports record Q4 and FY 2022 results; EPS up 52% in Q4

ALAMO GROUP INC

2022-FY EPS reported $8.54 revenue$1,513,616,000

Q4 net sales $386.6M (+15% YoY); net income $29.2M ($2.44 diluted EPS), up 52%.
Full year net sales $1.5B (+13%); net income $101.9M ($8.54 diluted EPS), up 27%.
Record EBITDA $195.9M (+21%); backlog exceeds $1.0B, up 26% from year-end 2021.
Vegetation Management Q4 operating income $30.2M (+67%); Industrial Equipment $12.5M (+28%).
CEO cites strong demand, improved pricing, supply chain easing; backlog provides visibility for H1 2023.

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 financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 23, 2023, Alamo Group Inc. issued a press release announcing, among other things, financial results for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000897077-23-000008

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