Quarterly ResultMay 4, 2026, 04:39 PM
Alamo Group Q1 Net Sales +7% to $417.1M; Net Income -8% to $29.2M
AI Summary
Alamo Group reported Q1 2026 net sales of $417.1 million, a 7% increase year-over-year, driven by recent acquisitions and modest improvements in agricultural markets. However, net income decreased by 8% to $29.2 million, and diluted EPS fell to $2.41, primarily due to operational inefficiencies in the Vegetation Management Division and higher interest expense. The company completed the acquisition of Petersen Industries for $166.5 million in January 2026, which contributed to the Industrial Equipment Division's growth.
Key Highlights
- Acquired Petersen Industries for approximately $166.5 million on January 26, 2026.
- Q1 2026 Net Sales increased 7% to $417.1 million from $391.0 million in Q1 2025.
- Q1 2026 Net Income decreased 8% to $29.2 million from $31.8 million in Q1 2025.
- Q1 2026 Diluted Earnings Per Share was $2.41, down from $2.64 in Q1 2025.
- Industrial Equipment Division net sales rose 6% to $241.7 million.
- Vegetation Management Division net sales increased 7% to $175.4 million.
- Backlog at March 31, 2026, totaled $603.0 million, a 14% decrease year-over-year.
- Quarterly cash dividend declared was $0.34 per share, up from $0.30 in the prior year.
Price Impact
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