Alamo Group Inc (ALG)

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER 2026May 4, 2026 4:15 PM
PR Newswire (US) SEGUIN, Texas, May 4, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter 2026.Highlights:Net sales were $417.1 million, up 6.7% compared to the first quarter of 2025Net income was $29.2 million and adjusted net income was $31.1 millionFully diluted EPS was $2.41 per share and adjusted fully diluted EPS was $2.56 per shareAdjusted EBITDA of $59.3 million was 14.2% of net sales, up 1.8% compared to the first quarter of 2025Net sales in the Industrial Equipment Division increased 6.5% compared to the first quarter of 2025Net sales in the Vegetation Management Division increased 7.0% compared to the first quarter of 2025Successfully closed the Petersen acquisition and commenced work on synergy realizationDebt, net of cash, was $95.2 million at the end of first quarter of 2026Robert Hureau, Alamo Group's President, and Chief Executive Officer commented, "We are pleased with the financial results for the first quarter and we believe there is good momentum across many of our key initiatives aimed at creating long-term value for our employees and shareholders."First Quarter ResultsNet sales for the first quarter of 2026 were $417.1 million, an increase of 6.7% compared to $391.0 million for the first quarter of 2025. Net income for the first quarter of 2026 was $29.2 million, or $2.41 per fully diluted share compared to $31.8 million, or $2.64 per fully diluted share for the first quarter of 2025.The Company also reported adjusted net income of $31.1 million, or $2.56 per fully diluted share, for the first quarter of 2026 compared to adjusted net income $32.5 million, or $2.70 per fully diluted share for the first quarter of 2025.  Adjusted EBITDA for first quarter of 2026 was $59.3 million, or 14.2% of net sales, compared to $58.3 million, or 14.9% of net sales, for the first quarter of 2025.Net sales in the Industrial Equipment Division were $241.7 million, an increase of 6.5% compared to $227.1 million for the first quarter of 2025. Adjusted EBITDA in the Industrial Equipment Division for the first quarter of 2026 was $39.7 million, or 16.4% of net sales, compared to $37.4 million, or 16.5% of net sales, for the first quarter of 2025.Net sales in the Vegetation Management Division were $175.4 million, an increase of 7.0% compared to $163.9 million in the first quarter of 2025.  Adjusted EBITDA in the Vegetation Management Division for the first quarter of 2026 was $19.6 million, or 11.2% of net sales, compared to $20.8 million, or 12.7% of net sales, for the first quarter of 2025.Robert Hureau, Alamo Group's President and Chief Executive Officer commented, "Our Vegetation Management Division made good progress in terms of sales growth and improvement in profitability despite the end markets continuing to be challenging."Operating cash flow for the first quarter ended March 31, 2026 was negative $23.5 million due to strong sequential growth, especially in the Vegetation Management Division, where net sales increased by $36.7 million or 26.4% in the first quarter of 2026 compared to the fourth quarter of 2025. Operating Cash Flow on a last-twelve-month basis was $139.8 million, or 138.2% of net income.At March 31, 2026, total debt was $290.5 million, total cash was $195.2 million and the Company had $308.4 million of availability under its Revolving Facility.Mr. Hureau added, "Our leverage, cash flow and overall liquidity are strong, and we remain in good position to continue executing on our capital deployment strategies. We look forward to a further discussion regarding our results and operating strategy during our upcoming Earnings Conference Call."Earnings Conference CallThe Company will host a conference call to discuss the first quarter results on Tuesday, May 5, 2026, at 10:00 a.m. ET. Hosting the call will be members of senior management.  Individuals wishing to participate in the conference call should dial (833) 816-1163 (domestic) or (412) 317-1898 (international). For interested individuals unable to join the call, a replay will be available until Tuesday, May 12, 2026 by dialing (855) 669-9658 (domestic) or (412) 317-0088 (internationally), with passcode 1646754.The live broadcast of Alamo Group Inc.'s quarterly conference call will be available online at the Company's website, www.alamo-group.com (under "Investor Relations/Events and Presentations") on Tuesday, May 5, 2026, beginning at 10:00 a.m. ET. The online replay will follow shortly after the call ends and will be archived on the Company's website for 60 days.About Alamo Group
Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities.  Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,900 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.Forward Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results.  Among those factors which could cause actual results to differ materially are the following:  adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars, and the effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports.  The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.(Tables Follow)Alamo Group Inc. and Subsidiaries Condensed Consolidated Statements of Income(in thousands, except per share amounts)(Unaudited)


Three Months Ended

3/31/2026
3/31/2025Net sales:



  Vegetation Management
$     175,420
$     163,890  Industrial Equipment
241,729
227,060Total net sales
417,149
390,950




Cost of sales
312,344
288,109Gross profit
104,805
102,841

25.1 %
26.3 %




Selling, general and administration expense
57,767
54,330Amortization expense
4,879
4,049Income from operations
42,159
44,462

10.1 %
11.4 %




Interest expense
(4,624)
(3,194)Interest income
1,481
1,238Other income (expense)
32
(663)




Income before income taxes
39,048
41,843Provision for income taxes
9,864
10,043

25.3 %
24.0 %




Net Income
$      29,184
$      31,800




Net income per common share:








Basic
$         2.42
$         2.65




Diluted
$         2.41
$         2.64




Average common shares:



Basic
12,051
11,990




Diluted
12,103
12,048 Alamo Group Inc. and SubsidiariesCondensed Consolidated Balance Sheets(in thousands)(Unaudited) 

March 31,
2026March 31,
2025ASSETS





Current assets:





Cash and cash equivalents
$  195,234

$  200,274
Accounts receivable, net
334,956

339,596
Inventories
425,538

356,406
Other current assets
27,843

14,958
Total current assets
983,571

911,234







Rental equipment, net
60,273

57,198







Property, plant and equipment, net
162,807

159,183







Goodwill
266,610

204,582
Intangible assets, net
225,691

147,899
Other non-current assets
28,492

24,598







Total assets
$ 1,727,444

$ 1,504,694







LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities:





Trade accounts payable
$  141,662

$  104,977
Income taxes payable
2,704

18,725
Accrued liabilities
68,466

73,006
Current maturities of long-term debt and finance lease obligations
15,000

15,009
Total current liabilities
227,832

211,717







Long-term debt, net of current maturities
275,467

201,789
Long-term tax liability
470

626
Other long-term liabilities
24,964

24,201
Deferred income taxes
25,787

9,300
Total liabilities
554,520

447,633







Total stockholders' equity
1,172,924

1,057,061







Total liabilities and stockholders' equity
$ 1,727,444

$ 1,504,694
 Alamo Group Inc. and SubsidiariesInterim Condensed Consolidated Statements of Cash Flows(in thousands)(Unaudited)

Three Months Ended  March 31,
2026
2025Operating Activities


Net income$   29,184
$   31,800Adjustment to reconcile net income to net cash provided by operating activities:


Provision for doubtful accounts(376)
35Depreciation - Property, plant and equipment6,722
6,561Depreciation - Rental equipment3,029
2,884Amortization of intangibles4,879
4,049Amortization of debt issuance 176
176Stock-based compensation expense1,847
2,303Provision for deferred income tax expense (benefit)1,640
(1,641)Gain on sale of property, plant and equipment(654)
—Changes in operating assets and liabilities:


Accounts receivable(53,368)
(30,865)Inventories(23,101)
(9,613)Rental equipment(2,262)
(7,148)Prepaid expenses and other assets(1,818)
(7,096)Trade accounts payable and accrued liabilities7,328
13,987Income taxes payable5,080
5,489Other long-term liabilities, net(1,818)
3,280Net cash (used) provided by operating activities(23,512)
14,201



Investing Activities


Acquisitions, net of cash acquired(166,507)
—Purchase of property, plant and equipment(4,507)
(6,008)Proceeds from sale of property, plant and equipment1,242
116Net cash used in investing activities(169,772)
(5,892)



Financing Activities


Borrowings on bank revolving credit facility120,000
—Repayments on bank revolving credit facility(31,600)
—Principal payments on long-term debt and finance leases(3,750)
(3,752)Dividends paid(4,093)
(3,595)Proceeds from exercise of stock options1,014
354Common stock repurchased(1,398)
(1,613)Net cash provided by (used) in financing activities80,173
(8,606)



Effect of exchange rate changes on cash and cash equivalents(1,314)
3,297Net change in cash and cash equivalents(114,425)
3,000Cash and cash equivalents at beginning of the year309,659
197,274Cash and cash equivalents at end of the period$  195,234
$  200,274



Cash paid during the period for:


Interest$    4,743
$    3,239Income taxes3,525
6,241Alamo Group Inc.Non-GAAP Financial Measures ReconciliationFrom time to time, Alamo Group Inc. may disclose certain "Non-GAAP financial measures" in the course of its earnings releases, earnings conference calls, financial presentations and otherwise.  For these purposes, "GAAP" refers to generally accepted accounting principles in the United States.  The Securities and Exchange Commission (SEC) defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude or include amounts from the most directly comparable measure calculated and presented in accordance with GAAP.  Non-GAAP financial measures disclosed by Alamo Group are provided as additional information to investors in order to provide them with greater transparency about, or an alternative method for assessing, our financial condition and operating results.  These measures are not in accordance with, or a substitute for, GAAP and may be different from, or inconsistent with, non-GAAP financial measures used by other companies.  Whenever we refer to a non-GAAP financial measure, we will also generally present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.Attachment 1 discloses non-GAAP measures such as Adjusted Operating Income, Adjusted Net Income and Adjusted Fully Diluted EPS, adjusts for certain items that the management believes are not indicative of underlying performance. Adjusted Operating Income accounts for these impacts on a pre-tax basis and Adjusted Net Income and Adjusted Fully Diluted EPS are calculated on a after-tax basis. Management believes isolating certain items from the core operating performance improves comparability across periods, and reflects how management plans and assesses the business.Attachment 2 shows a reconciliation of Earnings Before Interest, Taxes, Depreciation, and Amortization  ("EBITDA") and Adjusted EBITDA.Attachment 3 reflects Division performance inclusive of non-GAAP financial measures such as Backlog, Adjusted Operating Income, Earnings Before Interest, Tax, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA.Attachment 4 shows the net change in our total debt net of cash and discloses a non-GAAP financial presentation related to the impact of currency translation on net sales by division.Attachment 1
Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands, except per share numbers)(Unaudited) 
Non-GAAP Financial Measures






Three Months Ended

March 31,

2026
2025




Operating Income
$  42,159
$  44,462CEO Transition(1)
—
222Acquisition and Integration Expenses(2)
558
—Restructuring Expenses(3)
1,942
762Adjusted Operating Income
$  44,659
$  45,446  Adjusted Operating Income % net sales
10.7 %
11.6 %




Net Income
$  29,184
$  31,800CEO Transition(1), net of tax benefit $53
—
169Acquisition and Integration Expenses(2), net of tax benefit $141
417
—Restructuring Expenses(3), net of tax benefit $491 and $183, respectively
1,451
579Adjusted Net Income
$  31,052
$  32,548




Fully Diluted EPS
$     2.41
$     2.64CEO Transition(1)
—
0.01       Acquisition and Integration Expenses(2)
0.03
—       Restructuring Expenses(3)
0.12
0.05              Adjusted Fully Diluted EPS
$     2.56
$     2.70Notes:1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses2.Acquisition and integration expenses include advisory fees and other related costs for both unsuccessful and successful deals and integration expenses3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements Attachment 2
Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) 
EBITDA

Three Months Ended

March 31, 2026
March 31, 2025




Net Income
$        29,184
$        31,800




Interest, net
3,143
1,956Provision for income taxes
9,864
10,043Depreciation
9,751
9,445Amortization
4,879
4,049     EBITDA
$        56,821
$        57,293     EBITDA % net sales
13.6 %
14.7 %




Adjustments:



CEO Transition(1)
$             —
$           222Acquisition and Integration Expenses(2)
558
—Restructuring Expenses(3)
1,942
762     Adjusted EBITDA
$        59,321
$        58,277     Adjusted EBITDA % net sales
14.2 %
14.9 %Notes:1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses2.Acquisition and integration expenses include advisory fees and other related costs for both unsuccessful and successful deals and integration expenses3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements Attachment 3
Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) 
Industrial Equipment Division Performance






Three Months Ended  March 31,

2026
2025




Backlog
$    404,883
$    513,215




Net Sales
241,729
227,060




Income from Operations
31,646
31,150Income from Operations % net sales
13.1 %
13.7 %




Adjustments:



CEO Transition(1)
$           —
$         119Acquisition and Integration Expenses(2)
400
—Restructuring Expenses(3)
320
—Adjusted Operating Income
$     32,366
$     31,269Adjusted Operating Income % of sales
13.4 %
13.8 %




Depreciation
5,487
5,393Amortization
1,923
1,129Other (income) expense
(27)
(360)EBITDA
$     39,029
$     37,312EBITDA % net Sales
16.1 %
16.4 %




Adjustments:



CEO Transition(1)
$           —
$         119 Acquisition and Integration Expenses(2)
400
—Restructuring Expenses(3)
320
—Adjusted EBITDA
$     39,749
$     37,431Adjusted EBITDA % net sales
16.4 %
16.5 %Notes:1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses2.Acquisition and integration expenses include advisory fees and other related costs for both unsuccessful and successful deals and integration expenses3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements Attachment 3 (Continued)
Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) 
Vegetation Management Division Performance






Three Months Ended  March 31,

2026
2025




Backlog
$   198,108
$    189,493




Net Sales
175,420
163,890




Income from Operations
10,513
13,312Income from Operations % net sales
6.0 %
8.1 %




Adjustments:



CEO Transition(1)
$          —
$         103Acquisition and Integration Expenses(2)
158
—Restructuring Expenses(3)
1,622
762Adjusted Operating Income
$     12,293
$     14,177Adjusted Operating Income % of sales
7.0 %
8.7 %




Depreciation
4,264
4,052Amortization
2,956
2,920Other (income) expense
59
(303)EBITDA
$     17,792
$     19,981EBITDA % net Sales
10.1 %
12.2 %




Adjustments:



CEO Transition(1)
$          —
$         103Acquisition and Integration Expenses(2)
158
—Restructuring Expenses(3)
1,622
762Adjusted EBITDA
$     19,572
$     20,846Adjusted EBITDA % net sales
11.2 %
12.7 %Notes:1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses2.Acquisition and integration expenses include advisory fees and other related costs for both unsuccessful and successful deals and integration expenses3.Restructuring expenses include costs related to leadership changes, severance costs, facility move and setup costs, and advisory fees associated with operational improvements Attachment 4
Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) 
Consolidated Net Change of Total Debt, Net of Cash

March 31, 2026
March 31, 2025
Net Change






Current maturities
$        15,000
$        15,009

Long-term debt,net of current
275,467
201,789

Total debt
$       290,467
$       216,798








Total cash
195,234
200,274

     Total Debt Net of Cash
$        95,233
$        16,524
$       78,709






 Impact of Currency Translation on Net Sales by Division










Three Months Ended March 31,


Change due to currency
translation
2026
2025
% change
from 2025
$
%









Vegetation Management$       175,420
$       163,890
7.0 %
$          6,335
3.9 %Industrial Equipment241,729
227,060
6.5 %
3,332
1.5 %Total net sales$       417,149
$       390,950
6.7 %
$          9,667
2.5 %









  View original content:https://www.prnewswire.com/news-releases/alamo-group-announces-financial-results-for-the-first-quarter-2026-302761758.htmlSOURCE Alamo Group Inc. Original: ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER 2026

ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS CONFERENCE CALLApril 21, 2026 4:15 PM
PR Newswire (US)

SEGUIN, Texas, April 21, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter of 2026 after the market closes on Monday, May 4, 2026. The Company will host a conference call to discuss the results on Tuesday, May 5, 2026, at 10:00 a.m. ET.  Hosting the call will be members of senior management.Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Tuesday, May 12, 2026, by dialing 1-855-669-9658 (domestic) or 1-412-317-0088 (international), passcode 1646754.The live broadcast of Alamo Group Inc.'s quarterly conference call will be available online at the Company's website, www.alamo-group.com (under "Investor Relations/Events and Presentations") on Tuesday, May 5, 2026, beginning at 10:00 a.m. ET. The online replay will follow shortly after the call ends and will be archived on the Company's website for 60 days.About Alamo Group
Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.Forward Looking Statements 
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars, and the effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.



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Original: ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2026 EARNINGS CONFERENCE CALL

ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDENDApril 1, 2026 4:15 PM
PR Newswire (US)

SEGUIN, Texas, April 1, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.34 per share. Payment of the April dividend will be made on April 29, 2026, to shareholders of record at the close of business on April 15, 2026.About Alamo Group
Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities. Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.Forward Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars, and the effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.



View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-declares-regular-quarterly-dividend-302731873.htmlSOURCE Alamo Group Inc.

Original: ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND

ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR END 2025March 2, 2026 4:15 PM
PR Newswire (US)

SEGUIN, Texas, March 2, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and fiscal year ended December 31, 2025.Highlights:Fourth Quarter Results:Net sales of $373.7 million compared to $385.3 million in the fourth quarter of 2024Fully diluted EPS was $1.28 per share and adjusted fully diluted EPS was $1.70 per shareAdjusted EBITDA of $44.8 million was 12.0% of net salesContinued optimizing our manufacturing footprint to reduce fixed cost and streamline operationsEntered into a definitive agreement to acquire Petersen Industries, a leader in grapple equipment serving bulky waste end market; the transaction successfully closed in January 2026Full Year Results:Net sales of $1,603.7 million compared to $1,628.5 million in 2024Fully diluted EPS was $8.59 per share and adjusted fully diluted EPS was $9.37 per shareAdjusted EBITDA of $216.9 million was 13.5% of net salesOperating cash flow was $177.5 million, resulting in a 171% conversion of net income to cashTotal debt was $205.7 million and cash was $309.7 million, or $103.9 million in excess of debtRobert Hureau, Alamo Group's President, and Chief Executive Officer commented, "Fiscal year 2025 was a year of transition as we position our Company for long term growth and success.  Over the past few months, we've taken several decisive steps to strengthen our foundation including restructuring certain manufacturing facilities, reshaping the organizational structure, sharpening our commercial and operational priorities, accelerating our M&A engine and setting a clear vision for the future.  Despite the challenges in the quarter, I'm excited about where we are taking our company and the success that lies ahead."Fourth Quarter Results
Net sales for the fourth quarter of 2025 were $373.7 million, a decrease of 3.0% compared to $385.3 million for the fourth quarter of 2024. Net income per fully diluted share for the fourth quarter of 2025 was $1.28 compared to $2.33 for the fourth quarter of 2024. Adjusted net income per fully diluted share for the fourth quarter of 2025 was $1.70 compared to $2.39 for the fourth quarter of 2024. Adjusted EBITDA for the fourth quarter of 2025 was $44.8 million, or 12.0% of net sales, compared to $51.8 million, or 13.4% of net sales, for the fourth quarter of 2024.Net sales for the fourth quarter of 2025 in the Industrial Equipment Division were $234.9 million, an increase of 4.2% compared to $225.5 million for the fourth quarter of 2024. Adjusted EBITDA of the fourth quarter of 2025 in the Industrial Equipment Division was $41.5 million, or 17.7%, compared to $35.5 million, or 15.7%, for the fourth quarter of 2024.Net sales for the fourth quarter of 2025 in the Vegetation Management Division were $138.7 million, a decrease of 13.2%, compared to $159.8 million for the fourth quarter of 2024. Adjusted EBITDA for the fourth quarter of 2025 in the Vegetation Management Division was $3.2 million, or 2.3%, compared to $16.3 million, or 10.2%, for the fourth quarter of 2024.Mr. Hureau commented, "The fourth quarter reflected mixed performance for the Company.  Our Industrial Equipment Division delivered stellar results while our Vegetation Management Division continued to experience headwinds. The Vegetation Management Division continued to face weak end-market demand, particularly in tree care and recycling, agriculture and municipal mowing. Each of these markets was impacted by low housing demand, low crop prices, elevated interest rates, and further amplified by tariff-driven costs and uncertainty.  Amid these end market dynamics, we intensified our focus on cost discipline and continued to improve manufacturing throughput, particularly in those facilities that underwent consolidation earlier in the year.  These actions are showing significant progress." He further added, "Regarding the Industrial Equipment Division, we performed quite well in terms of  net sales growth, adjusted EBITDA margins, and solid bookings. The Excavator and Vacuum Truck, and Sweepers and Safety businesses delivered double-digit growth in net orders and net sales. Snow performed quite well also. The Division delivered impressive adjusted operating income of 14.9%, benefiting from strong net sales and favorable mix.In addition, total Company cash flows were also strong enabling investment in the business and positioning us well to take advantage of a growing pipeline of acquisition targets."Full Year Results
Net sales for the full year 2025 were $1,603.7 million, a decrease of 1.5% compared to $1,628.5 million for the full year 2024. Net income per fully diluted share for the full year 2025 was $8.59 compared to $9.63 for the full year 2024. Adjusted net income per fully diluted share for the full year 2025 was $9.37 compared to $10.12 for the full year 2024. Adjusted EBITDA for the full year 2025 was $216.9 million, or 13.5% of net sales, compared to $228.4 million, or 14.0% of net sales, for the full year 2024.Net sales for the full year 2025 in the Industrial Equipment Division were $949.7 million, an increase of 12.6% compared to $843.3 million for the full year 2024. Adjusted EBITDA for the full year 2025 in the Industrial Equipment Division was $157.5 million, or 16.6%, compared to $136.1 million, or 16.1%, for the full year 2024.Net sales for the full year 2025 in the Vegetation Management Division were $654.1 million, a decrease of 16.7% compared to $785.2 million for the full year 2024. Adjusted EBITDA for the full year 2025 in the Vegetation Management Division was $59.4 million, or 9.1%, compared to $92.3 million, or 11.8%, for the full year 2024.Operating cash flow for the full year was $177.5 million. At December 31, 2025, total debt was $205.7 million and total cash was $309.7 million. Reflecting the resilience of the Company's business and continued confidence in its future, the Company increased its quarterly dividend from $0.30 to $0.34 per share. This 13.3% increase in the dividend per share highlights the Company's strong financial position and commitment to delivering shareholder value.Mr. Hureau commented, "Our strong cash generation and solid balance sheet create tremendous opportunity for us to invest in the business and advance our long-term strategy.  The acquisition of Petersen Industries is a great example of how we're positioning the Company for growth. We look forward to discussing our results and priorities in more detail during our upcoming earnings conference call."Earnings Conference Call
The Company will host a conference call to discuss fourth quarter and year end 2025 financial results on Tuesday, March 3, 2026 at 10:00 a.m. ET. Hosting the call will be members of senior management.Individuals wishing to participate in the conference call should dial 1-833-816-1163 (domestic) or 1-412-317-1898 (international). For interested individuals unable to join the call, a replay will be available until Tuesday, March 10, 2026 by dialing 1-855-669-9658 (domestic) or 1-412-317-0088 (internationally), passcode 4809758.The live broadcast of Alamo Group Inc.'s quarterly conference call will be available online at the Company's website, www.alamo-group.com (under "Investor Relations/Events & and Presentations") on Tuesday, March 3, 2026, beginning at 10:00 a.m. ET. The online replay will follow shortly after the call ends and will be archived on the Company's website for 60 days.About Alamo Group
Alamo Group is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment. We serve end-markets such as infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture and tree care. Our products are sold to independent equipment dealers and directly to contractors and municipalities.  Product categories include vocational products (vacuum trucks, street sweepers, roadside safety equipment, excavators, and snow removal equipment) and light machinery (tractor mounted mowing equipment, land maintenance and recycling equipment) as well as related after-market parts and services. The Company operates two divisions: the Industrial Equipment Division and the Vegetation Management Division. Founded in 1969, the Company has approximately 3,800 employees and operates 27 manufacturing facilities in North America, Canada, Europe, Brazil and Australia. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.Forward Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results.  Among those factors which could cause actual results to differ materially are the following:  adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars, and the effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports.  The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.(Tables Follow)Alamo Group Inc. and Subsidiaries Condensed Consolidated Statements of Income(in thousands, except per share amounts)(Unaudited) 
Three Months Ended
Year Ended
12/31/2025
12/31/2024
12/31/2025
12/31/2024Net sales:






  Vegetation Management$            138,746
$            159,802
$            654,053
$            785,199  Industrial Equipment234,904
225,521
949,662
843,314Total Net Sales373,650
385,323
1,603,715
1,628,513







Cost of Sales288,649
293,535
1,205,898
1,216,025Gross Margin85,001
91,788
397,817
412,488
22.7 %
23.8 %
24.8 %
25.3 %







Selling, general and administration expense58,260
53,295
229,657
231,453Amortization Expense4,210
4,052
16,547
16,227Income from Operations22,531
34,441
151,613
164,808
6.0 %
8.9 %
9.5 %
10.1 %







Interest Expense(4,102)
(3,473)
(14,877)
(20,548)Interest Income1,614
760
5,569
2,637Other Income (expense)1,263
2,730
(2,793)
2,731







Income before income taxes21,306
34,458
139,512
149,628Provision for income taxes5,794
6,377
35,711
33,698







Net Income$              15,512
$              28,081
$            103,801
$            115,930







Net Income per common share:














Basic$                   1.29
$                   2.35
$                   8.64
$                   9.69







Diluted$                   1.28
$                   2.33
$                   8.59
$                   9.63







Average common shares:






Basic12,033
11,979
12,018
11,968







Diluted12,082
12,043
12,077
12,037







 Alamo Group Inc. and SubsidiariesCondensed Consolidated Balance Sheets(in thousands)(Unaudited)  
December 31,
2025December 31,
2024ASSETS





Current assets:





Cash and cash equivalents
$       309,659

$       197,274
Accounts receivable, net
276,866

305,561
Inventories
383,252

343,363
Other current assets
28,316

11,297
Total current assets
998,093

857,495







Rental equipment, net
61,102

52,942







Property, plant and equipment
165,977

158,332







Goodwill
214,611

203,027
Intangible assets
144,932

151,360
Other non-current assets
21,901

27,123







Total assets
$    1,606,616

$    1,450,279







LIABILITIES AND STOCKHOLDERS' EQUITY





Current liabilities:





Trade accounts payable
$       125,130

$         84,505
Income taxes payable
2,332

13,259
Accrued liabilities
75,905

77,537
Current maturities of long-term debt and finance lease obligations
15,000

15,008
Total current liabilities
218,367

190,309







Long-term debt, net of current maturities
190,748

205,473
Long term tax payable
470

626
Other long-term liabilities
24,113

24,619
Deferred income taxes
24,215

10,998
Total liabilities
457,913

432,025







Total stockholders' equity
1,148,703

1,018,254







Total liabilities and stockholders' equity
$    1,606,616

$    1,450,279
 Alamo Group Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(in thousands)(Unaudited) 
Year Ended December 31,
2025
2024Operating Activities


Net income$  103,801
$  115,930Adjustment to reconcile net income to net cash provided by operating activities:


Provision for doubtful accounts129
1,718Depreciation - Property, plant and equipment27,084
26,865Depreciation - Rental equipment11,740
9,992Amortization of intangibles16,547
16,227Amortization of debt issuance 703
703Stock-based compensation expense9,938
9,141Provision for deferred income tax expense (benefit)10,583
(3,607)Gain on sale of property, plant and equipment(2,564)
(639)Changes in operating assets and liabilities:


Accounts receivable40,618
47,012Inventories(28,135)
26,494Rental equipment(19,741)
(23,830)Prepaid expenses and other assets6,823
(2,608)Trade accounts payable and accrued liabilities30,243
(15,673)Income taxes payable(27,375)
1,000Long-term tax payable(156)
(2,007)Other long-term liabilities, net(2,695)
3,060Net cash provided by operating activities177,543
209,778



Investing Activities


Acquisitions, net of cash acquired(18,283)
—Purchase of property, plant and equipment(30,627)
(24,993)Proceeds from sale of property, plant and equipment4,480
3,045Purchase of patents(1,763)
(233)Net cash used in investing activities(46,193)
(22,181)



Financing Activities


Borrowings on bank revolving credit facility50,000
195,000Repayments on bank revolving credit facility(50,000)
(195,000)Principal payments on long-term debt and finance leases(15,007)
(15,069)Contingent consideration payment from acquisition —
(4,402)Dividends paid(14,415)
(12,442)Proceeds from exercise of stock options1,650
1,912Common stock repurchased(3,022)
(1,972)Net cash used in financing activities(30,794)
(31,973)



Effect of exchange rate changes on cash and cash equivalents11,829
(10,269)Net change in cash and cash equivalents112,385
145,355Cash and cash equivalents at beginning of the year197,274
51,919Cash and cash equivalents at end of the period$  309,659
$  197,274



Cash paid during the period for:


Interest$     14,735
$     20,787Income taxes52,932
40,426 Alamo Group Inc.Non-GAAP Financial Measures ReconciliationFrom time to time, Alamo Group Inc. may disclose certain "Non-GAAP financial measures" in the course of its earnings releases, earnings conference calls, financial presentations and otherwise.  For these purposes, "GAAP" refers to generally accepted accounting principles in the United States.  The Securities and Exchange Commission (SEC) defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude or include amounts from the most directly comparable measure calculated and presented in accordance with GAAP.  Non-GAAP financial measures disclosed by Alamo Group are provided as additional information to investors in order to provide them with greater transparency about, or an alternative method for assessing, our financial condition and operating results.  These measures are not in accordance with, or a substitute for, GAAP and may be different from, or inconsistent with, non-GAAP financial measures used by other companies.  Whenever we refer to a non-GAAP financial measure, we will also generally present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.Attachment 1 discloses non-GAAP measures such as Adjusted Operating Income, Adjusted Net Income and Adjusted Fully Diluted EPS, related to certain items that the management believes are not indicative of underlying performance. Adjusted Operating Income accounts for these impacts on a pre-tax basis and Adjusted Net Income and Adjusted Fully Diluted EPS are calculated on a after-tax basis. Management believes isolating certain items from the core operating performance improves comparability across periods, and reflects how management plans and assesses the business.Attachment 2 shows reconciliation of Earnings Before Interest, Taxes, Depreciation, and Amortization  ("EBITDA") and Adjusted EBITDA.Attachment 3 reflects Division performance inclusive of non-GAAP financial measures such as Backlog, Adjusted Operating Income, Earnings Before Interest, Tax, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA.Attachment 4 shows the net change in our total debt net of cash and discloses a non-GAAP financial presentation related to the impact of currency translation on net sales by division. Attachment 1 Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands, except per share numbers)(Unaudited) Non-GAAP Financial Measures










Three Months Ended
Year Ended

December 31,
December 31,

2025
2024
2025
2024








Operating Income
$    22,531
$    34,441
$  151,613
$  164,808CEO Transition(1)
—
—
2,310
—Acquisition and Integration Expenses(2)
1,647
—
3,274
—Restructuring Expenses(3)
7,323
1,002
9,262
4,228Gradall Strike(4)
—
—
—
3,556Adjusted Operating Income
$    31,501
$    35,443
$  166,459
$  172,592Adjusted Operating Income % net sales
8.4 %
9.2 %
10.4 %
10.6 %

















Net Income
$    15,512
$    28,081
$  103,801
$  115,930CEO Transition(1), net of tax benefit $— and $591, respectively
—
—
1,719
—Acquisition and Integration Expenses(2), net of tax benefit $422 and $838, respectively
1,225
—
2,436
—Restructuring Expenses(3), net of tax benefit $1,318 and $226, $1,815, and $952, respectively
3,832
776
5,274
3,276Gradall Strike(4), net of tax benefit $ — and $851, respectively
—
—
—
2,705           Adjusted Net Income
$    20,569
$    28,857
$  113,230
$  121,911

















Fully Diluted EPS
$         1.28
$         2.33
$         8.59
$         9.63CEO Transition(1)
—
—
0.14
—Acquisition and Integration Expenses(2)
0.10
—
0.20
—Restructuring Expenses(3)
0.32
0.06
0.44
0.27Gradall Strike(4)
—
—
—
0.22           Adjusted Fully Diluted EPS
$         1.70
$         2.39
$         9.37
$       10.12





Notes:



1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses.



2.Acquisition and integration expenses include advisory fees for both unsuccessful and successful deals.



3.Restructuring expenses include severance cost, relocation and set up cost, reduction in the realizable value of inventory as a result of strategic brand review, offset by gain on sale of Gibson City, Illinois facility.



4.Gradall strike represents lost profitability during the 5-week labor strike in Q2, 2024. Attachment 2 Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) EBITDA

Three Months Ended December 31,
Twelve Months Ended
December 31,

2025
2024
2025
2024








Net Income
$        15,512
$        28,081
$      103,801
$      115,930








   Interest, net
2,488
2,713
9,308
17,911   Provision for income taxes
5,794
6,377
35,711
33,698   Depreciation
9,961
9,573
38,824
36,857   Amortization
4,210
4,052
16,547
16,227     EBITDA
$        37,965
$        50,796
$      204,191
$      220,623     EBITDA % net sales
10.2 %
13.2 %
12.7 %
13.5 %








Adjustments:







CEO Transition(1)
$                 —
$                 —
$           2,310
$                 —Acquisition and Integration Expenses(2)
1,647
—
3,274
—Restructuring Expenses(3)
5,150
1,002
7,089
4,228Gradall Strike(4)
—
—
—
3,556Adjusted EBITDA
$        44,762
$        51,798
$      216,864
$      228,407Adjusted EBITDA % net sales
12.0 %
13.4 %
13.5 %
14.0 %




Notes:



1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses.



2.Acquisition and integration expenses include advisory fees for both unsuccessful and successful deals.



3.Restructuring expenses include severance cost, relocation and set up cost, reduction in the realizable value of inventory as a result of strategic brand review, offset by gain on sale of Gibson City, Illinois facility.



4.Gradall strike represents lost profitability during the 5-week labor strike in Q2, 2024. Attachment 3 Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) Industrial Equipment Division Performance










Three Months Ended December 31,
Twelve Months Ended
December 31,

2025
2024
2025
2024








Backlog




$      400,955
$      481,544








Net Sales
$      234,904
$      225,521
$      949,662
$      843,314








Income from Operations
33,104
27,973
128,645
108,251Income from Operations % net sales
14.1 %
12.4 %
13.5 %
12.8 %








Adjustments:







CEO Transition(1)
$                —
$                —
$          1,206
$                —Acquisition and Integration Expenses(2)
913
—
1,762
—Restructuring Expenses(3)
1,027
—
1,027
—Gradall Strike(4)
—
—
—
3,556Adjusted Operating Income
$        35,044
$        27,973
$      132,640
$      111,807Adjusted Operating Income % of sales
14.9 %
12.4 %
14.0 %
13.3 %








Depreciation
$          5,712
$          5,131
$        22,174
$        19,191Amortization
1,258
1,127
4,774
4,508Other income (expense)
(472)
1,249
(2,122)
605








EBITDA
$        39,602
$        35,480
$      153,471
$      132,555EBITDA % net Sales
16.9 %
15.7 %
16.2 %
15.7 %Adjustments:







CEO Transition(1)
$                —
$                —
$          1,206
$                —Acquisition and Integration Expenses(2)
913
—
1,762
—Restructuring Expenses(3)
1,027
—
1,027
—Gradall Strike(4)
—
—
—
3,556Adjusted EBITDA
$        41,542
$        35,480
$      157,466
$      136,111Adjusted EBITDA % net sales
17.7 %
15.7 %
16.6 %
16.1 %


Notes:





1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses.





2.Acquisition and integration expenses include advisory fees for both unsuccessful and successful deals.





3.Restructuring expenses include severance cost, relocation and set up cost, reduction in the realizable value of inventory as a result of strategic brand review, offset by gain on sale of Gibson City, Illinois facility.





4.Gradall strike represents lost profitability during the 5-week labor strike in Q2, 2024. Attachment 3 (continued) Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) Vegetation Management Division Performance










Three Months Ended December 31,
Twelve Months Ended
December 31,

2025
2024
2025
2024








Backlog




$     198,735
$      187,102








Net Sales
$      138,746
$      159,802
$     654,053
$      785,199








Income from Operations
(10,573)
6,468
22,968
56,557Income from Operations % net sales
(7.6) %
4.0 %
3.5 %
7.2 %








Adjustments:







CEO Transition(1)
$                 —
$                —
$          1,104
$                —Acquisition and Integration Expenses(2)
734
—
1,512
—Restructuring Expenses(3)
6,296
1,002
8,235
4,228Adjusted Operating Income
$         (3,543)
$          7,470
$       33,819
$        60,785Adjusted Operating Income % of sales
(2.6) %
4.7 %
5.2 %
7.7 %








Depreciation
$           4,249
$          4,442
$       16,650
$        17,666Amortization
2,952
2,925
11,773
11,719Other (income) expense
1,735
1,481
(671)
2,126








EBITDA
$         (1,637)
$        15,316
$       50,720
$        88,068EBITDA % net Sales
(1.2) %
9.6 %
7.8 %
11.2 %Adjustments:







CEO Transition(1)
$                 —
$                —
$          1,104
$                —Acquisition and Integration Expenses(2)
734
—
1,512
—Restructuring Expenses(3)
4,123
1,002
6,062
4,228Adjusted EBITDA
$           3,220
$        16,318
$       59,398
$        92,296Adjusted EBITDA % net sales
2.3 %
10.2 %
9.1 %
11.8 %


Notes:





1.CEO Transition includes accelerated stock compensation, recruiting expenses, sign-on bonus, and moving expenses.





2.Acquisition and integration expenses include advisory fees for both unsuccessful and successful deals.





3.Restructuring expenses include severance cost, relocation and set up cost, reduction in the realizable value of inventory as a result of strategic brand review, offset by gain on sale of Gibson City, Illinois facility. Attachment 4 Alamo Group Inc.Non-GAAP Financial Reconciliation(in thousands)(Unaudited) Consolidated Net Change of Total Debt, Net of Cash








December 31,
2025
December 31,
2024
Net Change






Current maturities
$                   15,000
$                   15,008

Long-term debt, net of current
190,748
205,473

Total Debt
$                205,748
$                220,481








Total Cash
309,659
197,274

     Total Debt Net of Cash
$               (103,911)
$                   23,207
$         127,118






 Impact of Currency Translation on Net Sales by Division










Three Months Ended December 31,


Change due to currency
translation
2025
2024
% change
from 2024
$
%









Vegetation Management$           138,746
$          159,802
(13.2) %
$                3,364
2.1 %Industrial Equipment234,904
225,521
4.2 %
1,453
0.6 %   Total Net Sales$           373,650
$          385,323
(3.0) %
$                4,817
1.3 %






























Twelve Months Ended
December 31,


Change due to currency
translation
2025
2024
% change
from 2024
$
%









Vegetation Management$           654,053
$          785,199
(16.7) %
$                3,986
0.5 %Industrial Equipment949,662
843,314
12.6 %
(94)
— %   Total Net Sales$        1,603,715
$       1,628,513
(1.5) %
$                3,892
0.2 %









 



View original content:https://www.prnewswire.com/news-releases/alamo-group-announces-financial-results-for-the-fourth-quarter-and-year-end-2025-302701500.htmlSOURCE Alamo Group Inc.

Original: ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR END 2025

ALAMO GROUP INC. COMPLETES ACQUISITION OF PETERSEN INDUSTRIESJanuary 26, 2026 9:15 PM
PR Newswire (US)

SEGUIN, Texas, Jan. 26, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG), a leading global manufacturer of high-quality industrial and vegetation management equipment, today announced that it has completed the acquisition of Petersen Industries, a manufacturer of specialized truck-mounted grapple loader equipment, serving both municipal and industrial customers. The signing of the acquisition purchase agreement was previously announced on December 10, 2025."We are thrilled to welcome the men and women of Petersen Industries to our team," said Robert Hureau, Alamo Group's President and Chief Executive Officer. "We are confident that together we will further strengthen Petersen's market-leading position with a continued focus on customers and product innovation, and with an emphasis on further developing Petersen's sales coverage by leveraging Alamo's excellent channel network. I am very optimistic about the momentum our combined strengths, talents and resources will generate in the future, as we continue our focus on long-term value creation for all of our stakeholders."About Alamo GroupAlamo Group is a leading global manufacturer of high-quality industrial and vegetation management equipment essential for public and private infrastructure maintenance and responsible land management practices. Our products include vacuum trucks, hydro-excavator machines, street sweepers, truck-mounted grapple machines, snow and ice removal equipment, tractor-mounted mowing attachments, recycling and tree care equipment, and other industrial and vegetation maintenance equipment, and related after-market parts and services. The Company operates 27 plants in North America, Europe, Australia, and Brazil as of September 30, 2025.Forward Looking StatementsThis release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, unanticipated acquisition results, increasing costs due to inflation, disease outbreaks, geopolitical risks, including effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.



View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-completes-acquisition-of-petersen-industries-302670356.htmlSOURCE Alamo Group Inc.

Original: ALAMO GROUP INC. COMPLETES ACQUISITION OF PETERSEN INDUSTRIES

ALG new 52=week high

Alamo Group, Inc. is engaged in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services. The Company operates primarily in the United States, the United Kingdom, France, Canada and Australia. On October 22, 2009, the Company completed the acquisition of all the assets of Bush Hog, LLC.

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