Alamo Reports Record-Setting Quarter

Alamo Group’s net sales for the first quarter of 2017 were $215.4 million—an increase of 2.1 percent compared to the first quarter of 2016.

Net income for the quarter was $12.2 million, which reflects a 40 percent increase compared to last year. Both net sales and net income were records for a first quarter for Alamo Group.

Net sales for the agriculture division were $51.8 million in the first quarter, which is a 6.4 percent increase. Alamo said the ag division’s results were enhanced by new product introductions.

“Given the headwinds which we have faced in a number of our markets,” said President and CEO Ron Robinson, “we were pleased to have some sales growth and more importantly, to have so much of this growth flow straight to the bottom line.”

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