Alamo Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 04:05 pm EDT
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Alamo Group Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 396.21 million compared to USD 347.55 million a year ago. Revenue was USD 396.21 million compared to USD 347.55 million a year ago. Net income was USD 28.47 million compared to USD 26.04 million a year ago. Basic earnings per share from continuing operations was USD 2.39 compared to USD 2.2 a year ago. Diluted earnings per share from continuing operations was USD 2.39 compared to USD 2.19 a year ago.
For the six months, sales was USD 758.22 million compared to USD 658.74 million a year ago. Revenue was USD 758.22 million compared to USD 658.74 million a year ago. Net income was USD 46.94 million compared to USD 43.5 million a year ago. Basic earnings per share from continuing operations was USD 3.95 compared to USD 3.68 a year ago. Diluted earnings per share from continuing operations was USD 3.94 compared to USD 3.66 a year ago.
Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes the operations of the mowing and forestry/tree care operations, Morbark and Dutch Power business units. The Industrial Equipment Division includes the Companyâs vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers and snow removal equipment. Its products include tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment.
ALAMO GROUP INC. 
