ALAMO GROUP INC

Alamo Group Inc. announced that Edward T. Rizzuti, Executive Vice President and Head of Corporate Development, will retire from the company on September 11, 2026. His retirement is not due to any disagreement with the company's operations or financial practices. Following his retirement, Mr. Rizzuti will enter into a consulting agreement with Alamo Group from September 14, 2026, until December 31, 2026, for which he will receive $20,000.00 per month to advise on corporate development initiatives.

Alamo Group reported a 7.6% increase in net sales to $450.7 million for the second quarter of 2026, primarily driven by recent acquisitions in the Industrial Equipment Division. However, net income slightly decreased to $30.9 million, and diluted EPS fell to $2.55, impacted by restructuring and acquisition-related expenses. The company also noted a 20% decrease in its backlog, reflecting improved lead times and normalization of order patterns.

Alamo Group Inc. reported strong second-quarter 2026 financial results, with net sales increasing 7.6% to $450.7 million and adjusted fully diluted EPS rising 7.2% to $2.82 per share. The Industrial Equipment Division saw significant sales growth of 12.8%. Additionally, the company renewed its credit facility with improved terms, enhancing liquidity. The Board of Directors also approved amended and restated bylaws to align with Delaware law and clarify governance practices.

Alamo Group Inc. announced the appointment of Greg Lucas as its new Vice President, Corporate Controller, and Chief Accounting Officer, effective on or before August 10, 2026. Mr. Lucas will take over the Principal Accounting Officer role from Agnes Kamps, who will continue as the Executive Vice President and Chief Financial Officer. Mr. Lucas brings extensive experience from Thermon Group, BNSF Railway, and Intertek. His compensation package includes an annual base salary of $335,000, eligibility for a 40% executive incentive plan, and initial restricted stock awards valued at $200,000.

Alamo Group Inc. entered into a Fourth Amended and Restated Credit Agreement for up to $602.5 million with Bank of America, N.A. The agreement includes a $202.5 million term facility and a $400 million revolving facility, both maturing on May 27, 2031. The term facility requires quarterly principal payments of $1,265,625. Borrowings bear interest at base or Term SOFR rates plus an applicable margin, and the company must adhere to financial covenants including leverage and fixed charge coverage ratios.

Alamo Group Inc. announced that Richard H. Raborn, Executive Vice President of the Vegetation Management Division, will retire from the company on May 29, 2026. A separation agreement was entered into, entitling Mr. Raborn to certain payments and benefits, including an amount equal to his current base salary of $536,000, payable over the twelve-month period following his last day of employment. The company stated that Mr. Raborn's separation is not due to any disagreements regarding its operations, financial reporting, or accounting practices.

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.

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.