Alamo Group Inc. is a global manufacturer of heavy-duty equipment for infrastructure maintenance, agriculture, and other industrial applications. Headquartered in Seguin, Texas, the company produces a wide range of purpose-built machinery, including vegetation management tools, street sweepers, and vacuum trucks. It primarily serves governmental agencies, contractors, and agricultural operators across North America, Europe, Australia, and Brazil.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,603,715
1,628,513
1,689,651
1,513,616
Cost of Sales
1,205,898
1,216,025
1,236,007
1,137,098
Gross Profit
397,817
412,488
453,644
376,518
Selling, General & Administrative Expenses
229,657
231,453
240,158
212,649
Depreciation & Amortization Expenses
16,547
16,227
15,519
15,277
Operating Profit
151,613
164,808
197,967
148,592
Interest and Investment Income
5,569
2,637
1,485
752
Interest Expense
(14,877)
(20,548)
(26,093)
(14,361)
Non-Operating Income
(2,793)
2,731
1,761
(673)
Total Non-Operating Income
(12,101)
(15,180)
(22,847)
(14,282)
Income Before Provision for Income Taxes
139,512
149,628
175,120
134,310
Provision for Income Taxes
35,711
33,698
38,959
32,382
Consolidated Net Income
103,801
115,930
136,161
101,928
Net Income Attributable to Common Shareholders
103,801
115,930
136,161
101,928
Basic EPS
8.64
9.69
11.42
8.58
Diluted EPS
8.59
9.63
11.36
8.54
Basic Weighted Average Shares Outstanding
12,018
11,968
11,920
11,877
Diluted Weighted Average Shares Outstanding
12,077
12,037
11,987
11,934
Shares Outstanding
12,074
12,017
11,964
11,914
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
309,659
197,274
51,919
47,016
Total Cash and Cash Equivalents
309,659
197,274
51,919
47,016
Accounts Receivable
276,866
305,561
362,007
317,581
Other Receivables
16,687
91
54
916
Total Trade Receivables
293,553
305,652
362,061
318,497
Inventories
383,252
343,363
377,480
352,553
Other Current Assets
11,629
11,206
12,497
9,144
Total Current Assets
998,093
857,495
803,957
727,210
Net Property, Plant & Equipment
453,131
418,550
205,924
188,730
Net Intangible Assets
144,932
151,360
168,296
171,341
Goodwill
214,611
203,027
206,536
195,858
Other Long-Term Assets
21,901
27,123
24,673
25,369
Total Assets
1,606,616
1,450,279
1,409,386
1,308,508
Accounts Payable
125,130
84,505
99,678
97,537
Accrued Expenses
75,905
77,537
86,711
71,368
Current Portion of Long-Term Debt
15,000
15,008
15,008
15,009
Other Current Liabilities
2,332
13,259
12,529
6,592
Total Current Liabilities
218,367
190,309
213,926
190,506
Long-Term Debt
190,748
205,473
220,269
286,943
Other Long-Term Liabilities
48,798
36,243
42,428
45,699
Total Long-Term Liabilities
239,546
241,716
262,697
332,642
Total Liabilities
457,913
432,025
476,623
523,148
Common Stock
1,207
1,202
1,196
1,191
Treasury Stock
(4,566)
(4,566)
(4,566)
(4,566)
Additional Paid-in Capital
155,427
146,866
137,791
129,820
Accumulated Other Comprehensive Income
(49,098)
(81,595)
(54,517)
(68,268)
Retained Earnings
1,045,733
956,347
852,859
727,183
Total Common Shareholders' Equity
1,148,703
1,018,254
932,763
785,360
Total Shareholders' Equity
1,148,703
1,018,254
932,763
785,360
Total Liabilities and Shareholders' Equity
1,606,616
1,450,279
1,409,386
1,308,508
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
103,801
115,930
136,161
101,928
Depreciation & Amortization
55,371
53,084
47,973
46,689
Share-Based Compensation Expense
9,938
9,141
7,424
5,561
Other Adjustments
8,851
(1,825)
(9,918)
(1,407)
Changes in Trade Receivables
40,618
47,012
(35,293)
(85,055)
Changes in Inventories
(28,135)
26,494
(10,844)
(37,739)
Changes in Accounts Payable
30,243
(15,673)
4,813
(2,879)
Changes in Income Taxes Payable
(27,531)
(1,007)
5,558
2,299
Changes in Other Operating Activities
(15,613)
(23,378)
(14,720)
(14,867)
Cash from Operating Activities
177,543
209,778
131,154
14,530
Capital Expenditure
(30,627)
(24,993)
(37,745)
(31,141)
Proceeds from Sale of Property, Plant & Equipment
4,480
3,045
12,682
1,566
Purchases of Intangible Assets
(1,763)
(233)
—
(163)
Payments for Business Acquisitions
(18,283)
—
(27,560)
(2,000)
Cash from Investing Activities
(46,193)
(22,181)
(52,623)
(31,738)
Issuance of Short-Term Debt
50,000
195,000
183,000
222,000
Repayments of Short-Term Debt
(50,000)
(195,000)
(235,000)
(174,000)
Net Issuance / (Repayments) of Short-Term Debt
0
0
(52,000)
48,000
Repayments of Long-Term Debt
(15,007)
(15,069)
(14,948)
(15,031)
Net Issuance / (Repayments) of Long-Term Debt
(15,007)
(15,069)
(14,948)
(15,031)
Issuance of Common Shares
1,650
1,912
1,586
803
Repurchases of Common Shares
(3,022)
(1,972)
(1,034)
(768)
Net Issuance / (Repurchases) of Common Shares
(1,372)
(60)
552
35
Common Share Dividends Paid
(14,415)
(12,442)
(10,485)
(8,549)
Other Financing Activities
—
(4,402)
—
—
Cash from Financing Activities
(30,794)
(31,973)
(76,881)
24,455
Effect of Exchange Rate Changes on Cash and Cash Equivalents
11,829
(10,269)
3,253
(2,346)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash