Tom Taylor, GVP North American Ag, has announced his plans to retire from Alamo Group on June 30, 2022. Taylor has been with the Alamo Group for 20 years, having joined the team in 2002.
Net income for the year was $80.2 million, or $6.75 per diluted share, compared to net income of $57.8 million, or $4.88 per diluted share in 2020, a year-over-year improvement of 38.8%.
Alamo Group’s net sales for the third quarter of 2021 were $338.3 million compared to net sales of $291.8 million in the third quarter of 2020, an increase of 16%. Net income for the quarter was $17.5 million compared to $20 million, a decrease of 13%.
Alamo Group's net sales for the third quarter of 2021 were $338.3 million compared to net sales of $291.8 million in the third quarter of 2020, an increase of 16%.
Alamo Group, the manufacturer of Rhino Ag, Bush Hog and other shortline equipment brands, reported its second quarter 2021 net sales of $347.6 million vs. $268.6 million in the second quarter last year, up 29% year-over-year.
Alamo Group's net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.
Beginning with the fourth quarter of 2021, Alamo Group will report business results in two new segments, namely, the Vegetation Management Division and the Industrial Equipment Division.
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In this episode of On the Record, New Holland Agriculture President Carlo Lambro talks about the future of the company's North America network. In the Technology Corner, Noah Newman takes a look at the recently award-winning One Smart Spray system.