Key PointsLennar, Plains All American Pipeline, TD Synnex and Alamo Group raised dividends at double-digit rates in early January.Analysts like Morgan Stanley say a challenging stock market in 2024 could result in investors toward income-producing equities.Companies with recent dividend increases are often rewarded by institutional investors.5 stocks we like better than Alamo GroupIf you’ve been around while, you might remember the old commercial slogan for Almond Joy and Mounds candy bars: “Sometimes you f ...

U.S. stock markets have retreated in January after a sharp rally in 2023. The euphoria surrounding technology stocks evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading above 4%.This was primarily owing to the uncertainty regarding the time when the Fed would initiate the first cut in the benchmark interest rate. Recently, a few key Fed FOMC members said that although they believe that the rate hike regime is over, they are yet to be convinced that the economic co ...

Alamo Group Inc. (NYSE:ALG) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel & Secretary Jeff Leonard - President & Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Mike Shlisky - D.A. Davidson Chris Moore - CJS Securities Greg Burns - Sidoti & Company Mig Dobre - Baird Tim Moore - EF Hutton Operator Good day and welcome to the Alamo ...

Alamo Group Inc. Investor Presentation | November 2023 1 Alamo Group | Investor Presentation | November 2023 Our Business At A Glance Alamo Group is a leading manufacturer of high-quality maintenance equipment for managing natural vegetation, industrial ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2023 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 (State or other jurisdiction ...

Alamo Group Inc. (NYSE:ALG) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Edward Rizzuti - Investor Relations Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Tim Moore - EF Hutton Felix Boeschen - Raymond James Operator Good morning l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 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 (State or other jurisdiction of in ...

Alamo Group Inc. (NYSE:ALG) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Edward Rizzuti - Investor Relations Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer and Treasurer Dan Malone - Executive Vice President and Chief Sustainability Officer Conference Call Participants Mike Shlisky - D.A. Davidson Greg Burns - Sidoti & Company Chip Moore - EF Hutton Chris Moore - CJS Securities Operator Greetings and we ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 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 (State or other jurisdiction of i ...

Financial Data and Key Metrics Changes - Fourth quarter consolidated net sales for 2022 were $386.6 million, an increase of 15% compared to $337.2 million in the fourth quarter of 2021 [8] - Consolidated net income for the fourth quarter of 2022 was $29.2 million or $2.44 per diluted share, an increase of 52% versus net income of $19.2 million or $1.62 per diluted share for the fourth quarter of 2021 [9] - Full year 2022 net sales were $1.5 billion, up 13% compared to $1.3 billion for the full year of 2021 [12] - Full year net income for 2022 was $101.9 million or $8.54 per diluted share, an increase of 27% compared to $80.2 million or $6.75 per diluted share for 2021 [12] Business Line Data and Key Metrics Changes - Vegetation Management division net sales for Q4 2022 were $232.5 million, up 14% from $204.3 million in Q4 2021, with operating income increasing 67% to $30.2 million [10] - Industrial Equipment division net sales in Q4 2022 were $154.1 million, up 16% from $132.8 million in Q4 2021, with operating income increasing 28% to $12.5 million [11] Market Data and Key Metrics Changes - The backlog at the end of 2022 was just over $1 billion, an increase of 26% compared to the backlog for the full year of 2021 [14] - Order bookings in Q4 were nearly $474 million, down less than 2% from the record established in Q4 2021, with a year-end order backlog nearly 26% higher than the prior year [22] Company Strategy and Development Direction - The company is focusing on improving supply chain performance, controlling costs, and increasing manufacturing capabilities to meet heightened demand [16][24] - Plans to introduce hybrid and fully electric versions of core products at the upcoming CONEXPO show [24] - The company is actively looking for larger M&A deals, particularly in Europe, to balance its portfolio [62] Management Comments on Operating Environment and Future Outlook - Management remains optimistic about the company's outlook for the coming months, with no signs of recession observed for at least the first half of 2023 [24] - The company is focused on achieving further improvements in supply chain performance and internal efficiencies [24] - Labor availability remains a concern, with ongoing initiatives to fill positions through apprenticeship programs and automation [64] Other Important Information - The company’s trailing 12-month EBITDA reached a record $196 million, up 21% compared to 2021 [15] - A 22% increase in the regular quarterly dividend to $0.22 per share was approved for Q1 2023 [16] Q&A Session Summary Question: What would be the factors affecting revenue growth in 2023? - Management indicated that continued supply chain improvements would significantly impact sales and profitability [27] Question: What is the outlook for the agricultural business? - Demand trends in agriculture have been surprisingly strong, with dealer inventories rising slightly viewed positively [36] Question: What is the status of price-cost dynamics? - Management confirmed that they have been able to offset inflation through price increases and improved operating efficiencies [41] Question: What is the company's appetite for M&A? - The company is actively looking for larger deals, particularly in Europe, to enhance its forestry and tree care business [62]