Financial Data and Key Metrics Changes - Total company net sales for Q3 2021 were $338 million, up 16% from the prior year [8][14] - Operating income was $30 million, down 3% year-over-year [11][15] - Net income decreased to $17.5 million or $1.49 per diluted share, down 13% from the prior year [12][15] - Adjusted net income was $18.9 million or $1.59 per diluted share, down 8% [12][15] - Adjusted EBITDA remained flat compared to the prior year but was up 7% from full year 2020 [13][15] - Total debt outstanding was reduced by $20.7 million, down 21% from the prior year [8][15] - Backlog increased to $645 million, up 154% year-over-year [8][15] Business Line Data and Key Metrics Changes - Industrial division net sales were $219 million, up 12% from the prior year [8][14] - Agricultural division net sales were $119 million, up 25% from the prior year [8][14] - Supply chain constraints and labor capacity issues limited the ability to ship finished products despite strong demand [9][20] Market Data and Key Metrics Changes - Agricultural market conditions remained favorable, with prices for corn, soybeans, and livestock at historically attractive levels [17] - Demand for governmental products remained strong, with continued investment in equipment [17][18] - Demand for industrial products from sectors like steel, cement, and mining continued to rebound [17] Company Strategy and Development Direction - The company plans to report through two new segments: vegetation management and industrial equipment starting in Q4 2021 [27] - The acquisition of Timberwolf Limited aims to expand distribution outside the U.S. and fill product gaps in the tree care offering [26][30] - The company remains optimistic about future prospects due to a strong backlog and plans for investment in people, products, and facilities [25] Management's Comments on Operating Environment and Future Outlook - The company experienced significant supply chain disruptions, impacting manufacturing processes and productivity [20][21] - Input cost inflation and transportation costs were significant issues during the quarter [23] - There are no clear signs of a change in the external business climate for Q4, but steel prices have begun to stabilize [25] Other Important Information - The effective tax rate for Q3 was 37%, up from 27% in the prior year, primarily due to stock-based compensation provisions [24] Q&A Session Summary Question: Will the Timberwolf acquisition help expand distribution outside the U.S.? - Yes, the acquisition is significant for expanding distribution in the U.K. and Europe, providing access to new markets [30] Question: Are order trends connected to inflation concerns? - Government orders are stable and not speculative, while agricultural orders may be influenced by dealer inventory levels [31][32] Question: What is the breakdown of backlog growth between Ag and industrial? - The agricultural backlog has been growing rapidly, while the industrial side, particularly forestry and tree care, has also seen significant demand [56]

Alamo Group Inc. (NYSE:ALG) Q2 2021 Earnings Conference Call August 5, 2021 3:00 PM ET Company Participants Edward Rizzuti - Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President, Chief Sustainability Officer and Head, Investor Relations Conference Call Participants Chris Moore - CJS Securities Greg Burns - Sidoti & Company Operator Good day, eve ...

Alamo Group, Inc. (NYSE:ALG) Q1 2021 Earnings Conference Call May 6, 2021 11:00 AM ET Company Participants Edward Rizzuti - VP, General Counsel & Secretary Ronald Robinson - President, CEO & Director Dan Malone - EVP & CFO Jeffery Leonard - EVP, Industrial Division Conference Call Participants Michael Shlisky - Colliers Securities Christopher Moore - CJS Securities Gregory Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group First Quarter 2021 Conference Call. Today's conference is bei ...

Alamo Group Inc. (NYSE:ALG) Q4 2020 Results Conference Call February 26, 2021 11:00 AM ET Company Participants Ed Rizzuti - VP, General Counsel and Secretary Ron Robinson - President and CEO Dan Malone - EVP and CFO Richard Wehrle - VP, Treasurer and Corporate Controller Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - Colliers Securities Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Fourth Quarter 2020 Conference Call. Today’s conference is bei ...

Financial Data and Key Metrics Changes - Record third quarter sales increased by 7.3% with acquisitions, but organic sales decreased by 8.5% [7][13] - Record nine-month sales rose by 6.8% with acquisitions, while organic sales fell by 11.8% [9][13] - Third quarter adjusted EBITDA increased over 35% from the prior year quarter, representing 14.8% of net sales compared to 11.7% the previous year [7][11] - Third quarter net income and earnings per share both increased by 15% from the prior year quarter [10][13] - Operating cash flow for the third quarter was over $77 million, up 78% from the prior year quarter [8][12] - Outstanding debt was reduced by nearly $65 million during the quarter [12][14] Business Line Data and Key Metrics Changes - Industrial division third quarter net sales were $196.2 million, a 10.1% increase from the prior year, but organic sales were down 14.4% due to COVID-19 disruptions [9][18] - Agricultural division third quarter sales were $95.5 million, up 2% from the prior year, with organic sales growth in North America [9][18] Market Data and Key Metrics Changes - Organic sales decline was primarily attributed to the impact of COVID-19 [8][9] - The agricultural sector showed broad-based improvement, operating at near pre-COVID levels [17][19] - European markets faced challenges due to COVID-19 resurgence and restrictions [21][40] Company Strategy and Development Direction - The company is focused on maintaining financial stability and exploring acquisition opportunities, although market uncertainty is a concern [19][29] - Recent acquisitions have positively contributed to sales and earnings, with ongoing integration efforts [20][29] - The company anticipates challenges in the fourth quarter due to seasonal factors and ongoing COVID-19 issues [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's outlook despite ongoing challenges from COVID-19 [21] - There is a healthy backlog and strong cash flow, indicating potential for future growth [21][22] - Concerns remain regarding the economic impact of COVID-19, particularly in Europe [21][40] Other Important Information - The company has called back nearly all employees previously on furlough, indicating a return to near-normal operating conditions [16][21] - The agricultural division is benefiting from government support, which has improved farm incomes despite weak commodity prices [17][40] Q&A Session Summary Question: Can you provide more details on the agricultural sector's performance? - Management noted broad-based improvements in agricultural sales, particularly among larger farmers benefiting from subsidies [22][23] Question: How have weather impacts affected order patterns? - Management indicated that snow removal products are performing well, and there is potential for increased demand for vacuum trucks and forestry equipment due to hurricane activity [24][25][26] Question: What is the current status of the company's debt and acquisition strategy? - Management confirmed that the current debt level is comfortable, and while they are open to acquisitions, market uncertainty is a significant factor [27][29] Question: How is Morbark performing in comparison to the overall industrial segment? - Morbark has shown improvement in sales and orders, although it is still slightly behind last year's pace [32][34] Question: What is the outlook for agricultural growth? - Management believes that low single-digit organic growth is reasonable in the near term, with a strong backlog supporting this outlook [39][40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ____ Commission file number 0-21220 ALAMO GROUP INC. (Exact name of registrant as specified in its charter) Delaware 74-1621248 (St ...