Alamo Group (ALG) Recent Earnings
Alamo Group (ALG) reported 1st Quarter March 2017 earnings of $1.05 per share on revenue of $215.4 million. The consensus earnings estimate was $0.85 per share on revenue of $214.5 million. Revenue grew 2.1% on a year-over-year basis.
Alamo Group Inc is engaged in the design and manufacture of agricultural
equipment and infrastructure maintenance equipment. Its products include
tractor-mounted mowing and other vegetation maintenance equipment, among
Alamo Group achieves increase of 40% in net income and 2.1% in net sales for Q1 2017
Infrastructure maintenance company Alamo Group Inc (ALG) stated on Wednesday that its net income was USD12.2m (USD1.05 per diluted share) for the first quarter ended 31 March 2017.
This is a rise of 40% in both net income and earnings per share when compared with net income of USD8.7m (USD0.75 per diluted share) in 2016.
Net sales of USD215.4m were recorded for the first quarter of 2017, up 2.1% over net sales of USD211.0m for the first quarter of 2016.
According to the company, both net sales and net income were records for the first quarter.
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