Alamo Group Q3 2023 record sales $419.6M (+13.8%); EPS $2.91 (+35.2%); acquires Royal Truck

ALAMO GROUP INC

2023-Q3 EPS reported $8.73 revenue$1,272,109,000

Net sales $419.6M (+13.8% YoY); Vegetation Management $246.9M (+8.0%), Industrial Equipment $172.7M (+23.1%).
Net income $34.9M ($2.91 diluted EPS), up 35.2% from $25.8M ($2.16) in Q3 2022.
Backlog $890.9M, down 2% YoY; order bookings up 10% versus Q3 2022 and 25% sequentially.
Acquired Royal Truck & Equipment, a producer of highway safety equipment; modestly accretive for balance of 2023.
Management expects continued double-digit growth and margin optimization; farm/ranch weakness remains but stable.

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 0.9

ALAMO GROUP INC reported the third quarter ended September 30, 2023 results: revenue $419.6 million, net income $34.9 million, EPS $2.91 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $419.6 million
Net income: $34.9 million
EPS: $2.91 per diluted share
Result: reported results

Exact text from the filing

today reported results for the third quarter ended September 30, 2023. Highlights for the Quarter • Eighth consecutive quarterly record for sales and earnings • Net sales of $419.6 million, up 13.8% ◦ Vegetation Management net sales of $246.9 million, up 8.0% ◦ Industrial Equipment net sales of $172.7 million, up 23.1% • Income from operations of $49.8 million,

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Source: SEC EDGAR

accession 0000897077-23-000104

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