Alamo Sees Increase in Ag Sales

Alamo Group’s Ag Division has reported net sales of $48.9 million in the fourth quarter of 2016 compared to $47.9 million in the prior year, an increase of 2.1 percent. For the full year, ag’s net sales were $205.8 million, a decrease of 1.2 percent.

Fourth quarter net sales in Alamo’s Industrial Division were $122.5 million, a decrease of 10 percent from the prior year. Weaker sales to non-governmental end users, particularly vacuum trucks, and weak shipments of snow removal products, contributed.

President and CEO Ron Robinson said: “We were also pleased with the improved sales in our Agricultural Division, as they continue to outperform the overall weakness in this sector. This Division was also a major contributor to Alamo’s improved gross margins.”

Robinson believes the division is positioned to continue this trend into 2017.

Cash flow for both the quarter and full year remained at a strong level, allowing the company to reduce total debt during the year by $74 million.

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