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

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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