Net Sales Decrease at Alamo

Net sales at Alamo for the third quarter of 2016 were $216.8 million, which was a 6.4 percent decrease over the same quarter last year. For the first nine months of the year, net sales were down 2.4 percent.

The company said sales were down as the result of a weak worldwide ag market, soft sales in its industrial division, the weak European economy, and changes in exchange rates.

In the agriculture division, net sales for the quarter were $56.4 million, down 4.2 percent. The nine-month comparison saw a 2.1 percent decrease.

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