Alamo: Q4/Fiscal Year Earnings

Alamo Group Inc. reported results for the fourth quarter and fiscal year ended December 31, 2024. The company reported 2024 net sales of $1.63 billion, down 3.6%. Industrial Equipment rose 18.7%, while Vegetation Management fell 19.8%. Net income was $115.9 million with EPS of $9.63 ($10.12 adjusted).

Operating income was $164.8 million, 10.1% of sales. Cost reduction and strike impacts totaled $9.7 million. Operating cash flow reached $209.8 million. Debt net of cash fell 87.3% to $23.2 million. Backlog was $668.6 million. EBITDA was $220.6 million (13.5% of sales). Cost-saving efforts remain on track.

Source: AgriMarketing.com