Alamo Group reports record Q4 and full-year 2023; EPS up 33% YoY

ALAMO GROUP INC

2023-FY EPS reported $11.36 revenue$1,689,651,000

Q4 net sales $417.5M (+8% YoY); net income $31.5M ($2.63 EPS), +8%.
Full-year net sales $1.69B (+12%); net income $136.2M ($11.36 EPS), +33%.
Industrial Equipment Division Q4 sales +32% YoY; Vegetation Management bookings -34%.
Year-end backlog $860M; mgmt expects Industrial strength to continue in 2024.
Vegetation Management softness may persist through Q1; lower rates later could help.

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 fourth quarter and year ended December 31, 2023 results: revenue $417.5 million, net income $31.5 million, EPS $2.63 per diluted share.

Period: fourth quarter and year ended December 31, 2023
Revenue: $417.5 million
Net income: $31.5 million
EPS: $2.63 per diluted share
Result: reported results

Exact text from the filing

Fourth quarter 2023 net sales were $417.5 million compared to $386.6 million in the fourth quarter of 2022, an increase of 8%.

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Source: SEC EDGAR

accession 0000897077-24-000010

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