Alamo Group Reports on Q1
Alamo Group’s net sales for the first quarter of 2020 increased by 20 percent compared to the same quarter in 2019. Net sales for the company’s Agricultural Division decreased by 4.4 percent.
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Farm Equipment Makers, Related Industries React
Deere, AGCO, CNHI, and Alamo have reacted to the pandemic by temporarily shuttering overseas operations. Domestically, there is news of layoffs and plant closures resulting from employees testing positive.
Read moreAlamo Reports Financials, Comments on Coronavirus
Specific to agriculture, Alamo saw a 45.9 percent increase in bookings compared to the fourth quarter of 2018. CEO Ron Robinson said that while “this is certainly not a trend, any improvement in the agricultural market is a welcome development.”
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Tom Taylor Appointed VP in Newly Formed Ag Group
Taylor has been named vice president of specialty products in Alamo Group’s agriculture division.
Read moreAlamo Group Names Tom Taylor as VP of New Group
SEGUIN, Texas — Alamo Group Inc. announces that Tom Taylor has been appointed vice president-specialty markets in the company’s Agricultural Division. The
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Alamo Group Releases Q3 Earnings
Alamo Group President and CEO Ron Robinson characterized the quarterly results as a “mixed bag.” In spite of record-setting net sales, net income fell for the quarter.
Read moreALAMO GROUP INC. ENTERS INTO AGREEMENT TO ACQUIRE MORBARK, LLC
SEGUIN, Texas, Sept. 11, 2019 /PRNewswire/ — Alamo Group Inc. (NYSE: ALG) announced that it has entered into an agreement to acquire 100% of
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