Core Viewpoint - Alamo Group Inc. has announced the appointment of Robert P. Hureau as the new President and CEO, effective September 2, 2025, succeeding Jeffery A. Leonard, who is retiring after serving since 2021 [1][4]. Company Overview - Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance, and other applications [5]. - The company was founded in 1969 and has approximately 3,800 employees, operating 27 plants across North America, Europe, Australia, and Brazil as of June 30, 2025 [5]. Leadership Background - Robert P. Hureau has extensive leadership experience in the industrial and life science sectors, with a proven track record in scaling businesses and delivering significant returns [1][2]. - Prior to joining Alamo Group, Hureau served as CEO of American Trailer World, where he successfully merged two businesses, executed numerous acquisitions, and led the sale of its aftermarket parts distribution business [2][3]. - Hureau has also held executive positions at Pharmaceutical Product Development and Sensata Technologies, focusing on financial leadership [3]. Board's Perspective - The Board of Directors expressed confidence in Hureau's relevant experience and leadership capabilities to guide Alamo Group in its next growth phase [4]. - Hureau expressed enthusiasm about joining Alamo Group, highlighting the company's strong business model and talented management team [4].

SEGUIN, Texas, July 30, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter of 2025 after the market closes on Wednesday, August 6, 2025. The Company will host a conference call to discuss the results on Thursday, August 7, 2025, at 8:30 a.m. ET. Hosting the call will be members of senior management. About Alamo Group Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetati ...

Core Insights - Alamo Group Inc. reported a net sales decline of 8.1% in Q1 2025, totaling $391.0 million compared to $425.6 million in Q1 2024, while gross profit decreased by $8.8 million but gross margin improved slightly [3][4][9] - The company experienced a strong performance in its Industrial Equipment Division, with sales up 12.5% year-over-year, while the Vegetation Management Division saw a significant decline of 26.8% [8][11] - The backlog at the end of Q1 2025 increased to $702.7 million, indicating a healthy demand outlook, with the Industrial Equipment Division backlog rising to $513.2 million [4][11] Financial Performance - Consolidated net income for Q1 2025 was $31.8 million, or $2.64 per diluted share, slightly down from $32.1 million, or $2.67 per diluted share in Q1 2024 [4][9] - Operating cash flow was reported at $14.2 million, with cash and cash equivalents reaching $200.3 million at the end of the quarter [5] - The company’s total debt was reduced to $216.8 million, with total debt net of cash improving significantly by $183.2 million or 91.7% compared to Q1 2024 [9][31] Division Performance - The Industrial Equipment Division achieved an operating margin of 13.7%, reflecting a sequential improvement of 130 basis points, while the Vegetation Management Division's operating margin was 8.1%, showing a recovery with a sequential improvement of 410 basis points [3][10] - Orders in the Industrial Equipment Division were up nearly 59% compared to Q4 2024, indicating robust demand, while the Vegetation Management Division saw a 18% increase in orders compared to Q1 2024 [11][12] - The backlog for the Vegetation Management Division was $189.5 million, down 30.3% year-over-year but increased for the third consecutive quarter [12][34] Outlook - The company anticipates continued strong demand in the Industrial Equipment Division and a return to modest growth in the Vegetation Management Division, driven by cost reduction actions implemented in 2024 [6][13] - The outlook for the next several quarters remains cautiously optimistic, with expectations for improved profitability and a stable market environment [13][14]