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 o ...