Alamo Group Inc (ALG) Q1 2025 Earnings Call Transcript |
Alamo Group Inc (NYSE:ALG ) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, Corporate Development, Investor Relations Jeffery Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President and Chief Financial Officer Conference Call Participants Christopher Moore - CJS Securities Linda Umwali - D.A. Davidson Gregory Burns - Sidoti & Company Mircea Dobre - Baird Operator Good morning, and welcome to the Alamo Group's First Quarter 2025 Conference Call. |
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2025-05-09 20:22:35 |
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ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER 2025 |
SEGUIN, Texas , May 8, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2025. Highlights: Net Sales of $391.0 million, down 8.1% versus the same period in the prior year, up 1.5% versus fourth quarter 2024 Industrial Equipment Division net sales of $227.1 million, up 12.5% year-over-year Vegetation Management Division net sales of $163.9 million, down 26.8% year-over-year 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 Net Income of $31.8 million Fully diluted EPS increased to $2.64 per share, an improvement of almost 13.5% compared to the fourth quarter of 2024 Total debt was $216.8 million. |
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2025-05-08 20:15:00 |
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ALAMO GROUP INC. ANNOUNCES FIRST QUARTER 2025 EARNINGS CONFERENCE CALL |
SEGUIN, Texas , May 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the first quarter of 2025 after the market closes on Thursday, May 8, 2025. The Company will host a conference call to discuss the results on Friday, May 9, 2025, at 10:00 a.m. |
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2025-05-01 20:15:00 |
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ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND |
SEGUIN, Texas , April 1, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.30 per share. Payment of the April dividend will be made on April 29, 2025, to shareholders of record at the close of business on April 16, 2025. |
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2025-04-01 20:15:00 |
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Alamo Group Inc (ALG) Q4 2024 Earnings Call Transcript |
Alamo Group Inc (NYSE:ALG ) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, Corporate Development, Investor Relations Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President and Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Chris Moore - CJS Securities Greg Burns - Sidoti & Company Peter Kalemkerian - Robert W. |
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2025-02-28 14:08:02 |
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ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR END 2024 |
SEGUIN, Texas , Feb. 27, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and fiscal year ended December 31, 2024. Highlights: Fourth Quarter Results: Net Sales of $385.3 million, down 7.7% versus prior year Industrial Equipment Division net sales of $225.5 million, up 11.0% Vegetation Management Division net sales of $159.8 million, down 25.5% Income from operations of $34.4 million, 8.9% of net sales Fourth quarter results include approximately $1.0 million in separation costs Net income of $28.1 million Fully diluted EPS of $2.33 per share; fully diluted EPS of $2.39, excluding fourth quarter separation costs (1) Full Year Results: Net Sales of $1.629 billion, down 3.6% versus prior year Industrial Equipment Division net sales of $843.3 million, up 18.7% Vegetation Management Division net sales of $785.2 million, down 19.8% Income from operations of $164.8 million, 10.1% of net sales, double-digit profitability, despite market headwinds Total impact from cost reduction efforts in 2024 was approximately $6.1 million, including approximately $4.2 million in separation expenses Total impact from the labor strike at Gradall Industries was approximately $3.6 million Net income of $115.9 million Fully diluted EPS of $9.63 per share; fully diluted EPS of $10.12, excluding impacts of separation expenses and Gradall strike (1) Operating cash flow of $209.8 million driven by disciplined inventory management and efficient receivables control Total debt was $220.5 million. |
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2025-02-27 18:15:00 |
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ALAMO GROUP INC. ANNOUNCES FOURTH QUARTER AND YEAR END 2024 EARNINGS CONFERENCE CALL |
SEGUIN, Texas , Feb. 20, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release its fourth quarter and year-end financial results after the market closes on Thursday, February 27, 2025. The Company will host a conference call to discuss the results on Friday, February 28, 2025, at 10:00 a.m. |
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2025-02-20 18:15:00 |
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11 Upcoming Dividend Increases, Including A Dividend King |
Hormel Foods extends its 52-year dividend streak with a 2.6% increase; the group averages a 5.9% increase, median 5.8%. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth. |
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2025-01-11 08:38:00 |
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New Strong Sell Stocks for January 6th |
ALG, ASHTY and YOU have been added to the Zacks Rank #5 (Strong Sell) List on January 6, 2024. |
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2025-01-06 06:21:08 |
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ALAMO GROUP INC. DECLARES HIGHER REGULAR QUARTERLY DIVIDEND |
SEGUIN, Texas , Jan. 2, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared a quarterly dividend of $0.30 per share, raising the quarterly dividend amount by $0.04 per quarter. This significant dividend increase of more than 15 percent underscores Alamo Group's unwavering commitment to delivering long-term value to its shareholders and is aligned with the Company's disciplined capital allocation strategy. |
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2025-01-02 18:15:00 |
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ALAMO GROUP INC. ANNOUNCES CEO RETIREMENT PLAN |
SEGUIN, Texas , Dec. 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that Jeff Leonard, the Company's President and CEO, has informed the Board of Directors of his intention to retire preferably by mid-year 2025 and upon the appointment of his successor. As part of its succession planning efforts, the Company's Board of Directors has been preparing for such a transition and anticipates naming a new President and CEO as Mr. |
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2024-12-20 18:15:00 |
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New Strong Sell Stocks for December 9th |
ALG, GEF and HTCMY have been added to the Zacks Rank #5 (Strong Sell) List on December 9, 2024. |
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2024-12-09 09:05:25 |
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ALAMO GROUP INC. ANNOUNCES BOARD EXPANSION AND APPOINTMENT OF NEW DIRECTOR |
SEGUIN, Texas , Dec. 4, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it has expanded the membership of its Board of Directors from eight to nine members and has appointed Colleen Haley as a new independent member of the Board effective December 4, 2024. Ms. Haley, 57, has been Chief Executive Officer of Quality Metalcraft/Experi-Metal, Inc. ("QMC-EMI") since March 2021. |
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2024-12-04 18:15:00 |
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All-new Dodge Charger Daytona, Jeep® Gladiator and Jeep Wagoneer Earn J.D. Power 2025 US ALG Residual Value Awards |
AUBURN HILLS, Mich., Nov. 19, 2024 /PRNewswire/ -- All-new Dodge Charger Daytona, the next generation of American muscle and the first all-electric vehicle from the Dodge brand, achieves highest residual value in J.D. |
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2024-11-19 15:02:00 |
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First-in-Class Bispecific Antibody, ALG.APV-527, Meets Important Trial Endpoints in Phase 1 Solid Tumor Trial |
Colon cancer patient achieved stable disease and remained on study for more than six months, breast cancer patient remained on study for more than 11 months Biomarker analysis confirms immune activation in the tumor microenvironment Data Presented at Society for Immunotherapy of Cancer on November 8, 2024 LUND, SWEDEN and SEATTLE, WA / ACCESSWIRE / November 11, 2024 / Alligator Bioscience AB ("Alligator") (STO:ATORX)(ATORX) and Aptevo Therapeutics ("Aptevo") (Nasdaq:APVO) today announced preliminary data from the companies' Phase 1 trial evaluating the first-in-class bispecific antibody, ALG.APV-527, as monotherapy for the treatment of multiple solid tumor types likely to express tumor antigen 5T4. These data indicate that trial endpoints of adequate exposure, safety, tolerability and biological activity were met. |
accesswire.com |
2024-11-11 10:15:00 |
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First-in-Class Bispecific Antibody, ALG.APV-527, Meets Important Trial Endpoints in Phase 1 Solid Tumor Trial |
Aptevo Therapeutics and Alligator Bioscience report favorable safety, tolerability and evidence of biological activity of ALG.APV-527, more than half of evaluable patients achieved stable disease Colon cancer patient achieved stable disease and remained on study for more than six months, breast cancer patient remained on study for more than 11 months Biomarker analysis confirms immune activation in the tumor microenvironment Data Presented at Society for Immunotherapy of Cancer on November 8, 2024 SEATTLE, WA and LUND, SWEDEN / ACCESSWIRE / November 11, 2024 / Aptevo Therapeutics ("Aptevo") (Nasdaq:APVO) and Alligator Bioscience AB ("Alligator") (ATORX) today announced preliminary data from the companies' Phase 1 trial evaluating the first-in-class bispecific antibody, ALG.APV-527, as monotherapy for the treatment of multiple solid tumor types likely to express tumor antigen 5T4. These data indicate that trial endpoints of adequate exposure, safety, tolerability and biological activity were met. |
accesswire.com |
2024-11-11 10:05:00 |
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New Strong Sell Stocks for November 11th |
AMRK, ANIK and ALG have been added to the Zacks Rank #5 (Strong Sell) List on November 11, 2024. |
zacks.com |
2024-11-11 04:31:07 |
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Alamo Group Inc (ALG) Q3 2024 Earnings Call Transcript |
Alamo Group Inc (NYSE:ALG ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Mike Shlisky - D.A. Davidson Chris Moore - CJS Securities Mig Dobre - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Third Quarter 2024 Conference Call. |
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2024-11-01 23:30:31 |
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ALAMO GROUP INC. ANNOUNCES SHARE REPURCHASE PROGRAM |
SEGUIN, Texas , Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase in the aggregate up to $50 million of its outstanding common stock. Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "This share repurchase program is part of a disciplined capital allocation strategy that demonstrates our commitment to enhancing shareholder value. |
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2024-10-31 18:16:00 |
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ALAMO GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND COST REDUCTION ACTIONS |
SEGUIN, Texas , Oct. 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2024. Highlights for the Quarter Net Sales of $401.3 million, down 4.4% versus prior year Industrial Equipment Division net sales of $211.2 million, up 22.3% Vegetation Management Division net sales of $190.1 million, down 23.0% Income from operations of $40.1 million, 10.0% of net sales Net income of $27.4 million Fully diluted EPS of $2.28 per share, including $0.10 of expense associated with workforce reductions; EPS of $2.38 per share excluding such expense (1) Total debt net of cash of $84.1 million improved by $126.2 million or 60.0% compared to third quarter 2023 (1) Backlog at the end of the third quarter was $728.8 million Trailing twelve-month EBITDA of $228.2 million holds at 13.7% of Net Sales (1) The Company is implementing cost saving actions targeting annualized savings of $25 to $30 million Workforce reduction expenses for the third quarter and first nine months were approximately $1.6 and $3.2 million, respectively Third Quarter Results Third quarter 2024 net sales of $401.3 million decreased 4.4% compared to $419.6 million in the third quarter of 2023. |
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2024-10-31 18:15:00 |
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ALAMO GROUP INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL |
SEGUIN, Texas , Oct. 24, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the third quarter of 2024 after the market closes on Thursday, October 31, 2024. The Company will host a conference call to discuss the results on Friday, November 1, 2024, at 10:00 a.m. |
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2024-10-24 20:15:00 |
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ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND |
SEGUIN, Texas , Oct. 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on October 28, 2024, to shareholders of record at the close of business on October 15, 2024. |
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2024-10-02 16:45:00 |
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Aligos Therapeutics Announces Positive Topline Results from the Phase 2a HERALD Study of ALG-055009 for the Treatment of MASH |
SOUTH SAN FRANCISCO, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Aligos Therapeutics, Inc. (Nasdaq: ALGS) a clinical stage biopharmaceutical company focused on improving patient outcomes through best-in-class therapies for liver and viral diseases, today announced positive topline results from the Phase 2a HERALD study of ALG-055009, a thyroid hormone receptor beta (THR-β) agonist, in metabolic-dysfunction associated steatohepatitis (MASH) subjects. |
globenewswire.com |
2024-09-19 12:00:00 |
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Aligos Therapeutics to Announce Topline Results from the Phase 2a HERALD Study of ALG-055009 for the Treatment of MASH on September 19, 2024 |
SOUTH SAN FRANCISCO, Calif., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Aligos Therapeutics, Inc. (Nasdaq: ALGS, “Aligos”, “Company”), a clinical stage biopharmaceutical company focused on improving patient outcomes through best-in-class therapies for liver and viral diseases, today announced that the Company will share the topline results from the Phase 2a HERALD study of ALG-055009, a thyroid hormone receptor beta (THR-β) agonist, in metabolic-dysfunction associated steatohepatitis (MASH) subjects on Thursday, September 19, 2024 prior to the market open. Following the announcement, the Company will host a conference call and webcast at 8:30am ET/5:30am PT. |
globenewswire.com |
2024-09-18 21:00:00 |
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ALAMO GROUP INC. ANNOUNCES THE SALE OF HERSCHEL PARTS BUSINESS |
SEGUIN, Texas , Aug. 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd. |
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2024-08-16 21:25:00 |
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Alamo Group: Solid Compounder At An Attractive Price |
Alamo Group is a well-managed, stable company with strong fundamentals, making it an attractive investment for conservative investors. Alamo Group is efficiently allocating capital with a consistently higher ROIC than its competitors, but it lacks a significant competitive moat. Key growth catalysts include increasing infrastructure spending, superior capital allocation, and resolution of temporary setbacks, though the cyclical nature of the Vegetation Management Division poses a risk. |
seekingalpha.com |
2024-08-11 05:10:00 |
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Moving Image Technologies to Upgrade Alamo Drafthouse's Recently Acquired Richardson, Texas Location |
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)---- $MITQ #entertainment--Moving iMage Technologies (NYSE American: MITQ), $MITQ, (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced a significant upgrade project with Alamo Drafthouse. As part of its ongoing commitment to enhancing the movie-going experience, Alamo Drafthouse has ordered seven state-of-the-art projectors and a new immersive sound system for its recently acquired Ri. |
businesswire.com |
2024-08-06 11:00:00 |
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Alamo Group Inc (ALG) Q2 2024 Earnings Call Transcript |
Alamo Group Inc (NYSE:ALG ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Mig Dobre - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Second Quarter 2024 Conference Call. |
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2024-08-03 22:10:28 |
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ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024 |
SEGUIN, Texas , July 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2024. Highlights for the Quarter Net Sales of $416.3 million, down 5.5% versus prior year Industrial Equipment net sales of $204.8 million, up 14.2% Vegetation Management net sales of $211.5 million, down 19.1% Income from operations of $43.3 million, 10.4% of net sales Net income of $28.3 million Second quarter fully diluted EPS of $2.35 per share; EPS results of $2.35 per share include the unfavorable impact of Gradall strike of approximately $0.22 per share Total debt net of cash improved $60.5 million or 25.7% compared to second quarter 2023 (1) Backlog remained healthy at $768.9 million at the end of the second quarter 2024 (1) Trailing twelve-month EBITDA of $236.6 million, at 14.1% of Net Sales (1) Cost reduction actions taken expected to achieve approximately $10 million of savings in the remainder of 2024, net of restructuring costs Results for the Quarter Second quarter 2024 net sales were $416.3 million compared to $440.7 million in the second quarter of 2023. |
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2024-07-31 20:15:00 |
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