Alamo Group’s 2018 Sales Top $1 Billion; Ag Equipment Sales Down 1%

March 1, 2019 | Posted in Earnings Reports

Source: Alamo Group

SEGUIN, Texas — Alamo Group (ALG) reported results for the fourth quarter and year ended Dec. 31, 2018.

Highlights

Record net sales for full year of $1 billion, up 10.6%
Record net income for full year of $73.5 million, up 65.8%
Margin improvement helped drive income from operations to the 10% level
Record net sales for the fourth quarter of $256 million, up 5.3%
- Industrial Division net sales of $160.0 million, up 8.7%
- Agricultural Division…

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