Alamo Group Reports Record-Breaking Quarter

Alamo Group reported record net income and net sales for the quarter that ended September 30 as well as for the first nine months of the year.

Net income increased by 25.4 percent for the quarter and 26.6 percent for the first nine months compared to the same periods last year. Net sales were up by 10.9 percent for the quarter and 4.7 percent for the nine months.

Sales in agriculture showed the greatest growth with a 15 percent increase for the quarter. Alamo reported a 9.2 percent increase in sales in its industrial division and 10.3 percent in its Europe division; both numbers reflect change for the quarter.

“The third quarter of 2017 was certainly a very good quarter for Alamo Group,” President and CEO Ron Robinson said. “While sales growth for the last two years has been constrained due to a variety of headwinds, as we indicated last quarter, we started to see some growth in our markets, and this was evident in our third quarter results.”

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