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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE YEAR ENDED DECEMBER 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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.R.S. Employer incorporation or organization) Identificati ...

Alamo Group Inc. (NYSE:ALG) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Greg Burns - Sidoti and Company Mike Buskey - D. A Davidson Operator Greetings and welcome to the Alamo Group, Inc. Third quarter 'twenty to 2022 conference call. At thi ...

Alamo Group Inc. (NYSE:ALG) Q2 2022 Results Conference Call August 4, 2022 1:00 PM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Greg Burns - Sidoti & Company Operator Ladies and gentlemen, good day, and welcome to the Alamo Group Inc. Second Quarter 2022 Conference Call. ...

Alamo Group Inc. (NYSE:ALG) Q1 2022 Results Conference Call May 5, 2022 4:00 PM ET Company Participants Edward Rizzuti - VP, General Counsel and Secretary Jeff Leonard - President and CEO Richard Wehrle - EVP, CFO and Treasurer Dan Malone - EVP and Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Operator Good day, and welcome to the Alamo Group Inc. First Quarter 2022 Conference Call. Today’s conference is being recorded. At this time, I wo ...

Alamo Group Inc. (NYSE:ALG) Q4 2021 Earnings Conference Call February 25, 2022 11:00 AM ET Company Participants Edward Rizzuti - Vice President, General Counsel & Secretary Jeff Leonard - President & Chief Executive Officer Richard Wehrle - Executive Vice President, Chief Financial Officer & Treasurer Dan Malon - Executive Vice President & Chief Sustainability Officer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Greg Burns - Sidoti & Company Operator Good day, and w ...