Alamo Reports Gains in Q4

The Alamo Group last week announced its financial results for the fourth quarter that ended December 31.

The company’s Agricultural Division recorded net sales of $56.5 million in the fourth quarter of 2017 compared to $48.9 million in the fourth quarter last year—a 15.5 percent increase.

Net sales for 2017 were $227.4 million compared to $205.8 million in 2016, a 10.5 percent increase.

Full-year income from operations for the division was $24.1 million compared to $20.7 million in 2016. 

The results include effects of the acquisition of Santa Izabel, which contributed $5.7 million in net sales and a $0.3 million loss from operations for the full year.

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