Alamo Group: Q1 Earnings Snapshot

May 4, 2022 GMT

SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Wednesday reported first-quarter earnings of $18.5 million.

On a per-share basis, the Seguin, Texas-based company said it had profit of $1.55. Earnings, adjusted for non-recurring costs, were $1.63 per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $362 million in the period.

Alamo Group shares have declined 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $129.52, a decrease of 19% in the last 12 months.


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