ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER 2025

About this update from Alamo Group, Inc.

[{"type":"text","content":"SEGUIN, Texas, May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2025.","length":138,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024","length":115,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-year","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Vegetation Management Division net sales of $163.9 million, down 26.8% year-over-year ","length":85,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":167,"olType":false}]},{"val":[{"type":"text","content":"Income from operations of $44.5 million, 11.4% of net sales – an increase of 40 basis points versus the first quarter of 2024 and 130 basis points versus the full year 2024 ","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income of $31.8 million","length":27,"tagName":"p"}]},{"val":[{"type":"text","content":"Fully diluted EPS increased to $2.64 per share, an improvement of almost 13.5% compared to the fourth quarter of 2024","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Total debt was $216.8 million. Total debt net of cash was further reduced to $16.5 million, representing an improvement of $183.2 million or 91.7% compared to the first quarter in 2024 (1)","length":188,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog at the end of the first quarter was $702.7 million, up 5.1% from year-end 2024","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Trailing twelve-month EBITDA of $217.8 million was 13.7% of Net Sales (1)","length":73,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":945,"olType":false},{"type":"text","content":"First Quarter Results","length":21,"tagName":"p"},{"type":"text","content":"First quarter 2025 net sales of $391.0 million declined 8.1% compared to $425.6 million in the first quarter of 2024. Gross profit of $102.8 million or 26.3% of net sales declined by $8.8 million as a result of lower net sales, however, gross margin improved by nearly 10 basis points, compared to the same period of the...

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