Quarterly ResultMay 4, 2026, 04:38 PM
Alamo Group Q1 Net Sales $417.1M, up 6.7%; EPS $2.41
AI Summary
Alamo Group Inc. reported first-quarter 2026 financial results with net sales increasing 6.7% to $417.1 million. Net income decreased to $29.2 million, or $2.41 per diluted share, compared to $31.8 million, or $2.64 per diluted share, in Q1 2025. The company successfully closed the Petersen acquisition and is working on synergy realization, while also reporting strong liquidity despite negative operating cash flow for the quarter. Adjusted EBITDA increased by 1.8% to $59.3 million.
Key Highlights
- Net sales increased 6.7% to $417.1 million in Q1 2026.
- Net income was $29.2 million, or $2.41 per fully diluted share.
- Adjusted EBITDA rose 1.8% to $59.3 million, representing 14.2% of net sales.
- Industrial Equipment Division net sales grew 6.5% to $241.7 million.
- Vegetation Management Division net sales increased 7.0% to $175.4 million.
- Successfully closed the Petersen acquisition and commenced synergy realization.
- Debt, net of cash, stood at $95.2 million at the end of Q1 2026.
- Operating cash flow for Q1 2026 was negative $23.5 million.