ALAMO GROUP INC

Listed Company

ALGCIK 0000897077NYSELarge AcceleratedFarm Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.60B

Net Income

$103.80M

Total Assets

$1.61B

Equity

$1.15B

Shares Out

12.12M

Op. Cash Flow

$177.54M

Business

ALAMO GROUP INC designs, manufactures and services vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural customers. Its product portfolio includes tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/recycling equipment, street and parking lot sweepers, vacuum and hydro-excavation trucks, telescopic boom excavators, snow removal equipment and related replacement parts and services. The company operates two principal divisions: the Vegetation Management Division and the Industrial Equipment Division, grouping mowing/forestry and vocational truck/industrial products respectively. It sells primarily through independent dealers and distributors to governmental end-users, contractors and commercial customers across North America, South America, Europe and Australia.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales	1,604	1,629	1,690	1,514	1,334
Cost of sales	1,206	1,216	1,236	1,137	1,000
Gross profit	398	412	454	377	335
Selling, general and administrative expenses	230	231	240	213	203
Amortization expense	17	16	16	15	15
Income from operations	152	165	198	149	117
Interest expense	−15	−21	−26	−14	—
Interest income	6	3	1	752,000	1
Other income (expense)	−3	3	2	−673,000	2
Income before income taxes	140	150	175	134	109
Provision for income taxes	36	34	39	32	29
Net income	104	116	136	102	80
Basic (in dollars per share)	8.64	9.69	11.42	8.58	6.78
Diluted (in dollars per share)	8.59	9.63	11.36	8.54	6.75
Basic (in shares)	12	12	12	12	12
Diluted (in shares)	12	12	12	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	310	197	52	47	42
Accounts receivable, net	277	306	362	318	238
Inventories, net	383	343	377	353	321
Prepaid expenses and other current assets	12	11	12	9	10
Income tax receivable	17	91,000	54,000	916,000	2
Total current assets	998	857	804	727	612
Rental equipment, net	61	53	39	34	33
Property, plant and equipment	392	366	366	335	322
Less: Accumulated depreciation	−226	−207	−199	−180	−169
Total property, plant and equipment, net	166	158	167	155	152
Goodwill	215	203	207	196	202
Intangible assets, net	145	151	168	171	183
Deferred income taxes	1	1	1	969,000	1
Other non-current assets	21	26	23	24	22
Total assets	1,607	1,450	1,409	1,309	1,206
Trade accounts payable	125	85	100	98	101
Income taxes payable	2	13	13	7	3
Accrued liabilities	76	78	87	71	74
Current maturities of long-term debt and finance lease obligations	15	15	15	15	15
Total current liabilities	218	190	214	191	193
Long-term debt and finance lease obligations, net of current maturities	191	205	220	287	255
Long-term tax liability	470,000	626,000	3	4	4
Other long-term liabilities	24	25	24	24	27
Deferred income taxes	24	11	16	18	21
Total liabilities	458	432	—	—	—
Common stock, $.10 par value, 20,000,000 shares authorized; 12,073,713 and 12,017,308 outstanding at December 31, 2025 and December 31, 2024, respectively	1	1	1	1	1
Additional paid-in capital	155	147	138	130	124
Treasury stock, at cost; 82,600 shares at December 31, 2025 and December 31, 2024	−5	−5	−5	−5	—
Retained earnings	1,046	956	853	727	634
Accumulated other comprehensive loss	−49	−82	−55	−68	−49
Total stockholders equity	1,149	1,018	933	785	706
Total liabilities and stockholders equity	1,607	1,450	1,409	1,309	1,206

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for doubtful accounts	129,000	2	253,000	424,000	506,000
Depreciation - Property, plant and equipment	27	27	24	24	21
Depreciation - Rental Equipment	12	10	9	8	9
Amortization of debt issuance	703,000	703,000	703,000	667,000	667,000
Stock-based compensation expense	10	9	7	6	6
Provision for deferred income tax expense (benefit)	11	−4	−4	−2	−1
Gain on sale of property, plant and equipment	−3	−639,000	−7	−161,000	−4
Accounts receivable	41	47	−35	−85	−28
Inventories	−28	26	−11	−38	−78
Rental equipment	−20	−24	−14	−9	1
Prepaid expenses and other assets	7	−3	−835,000	−6	−7
Trade accounts payable and accrued liabilities	30	−16	5	−3	33
Income taxes payable	−27	1	7	3	5
Long term tax payable	−156,000	−2	−1	−635,000	462,000
Other long-term liabilities	−3	3	45,000	475,000	−3
Net cash provided by operating activities	178	210	131	15	50
Acquisitions, net of cash acquired	−18	0	−28	−2	−18
Purchase of property, plant and equipment	−31	−25	−38	−31	−25
Proceeds from sale of property, plant and equipment	4	3	13	2	10
Purchase of patents	−2	−233,000	0	−163,000	−44,000
Net cash used in investing activities	−46	−22	−53	−32	−33
Borrowings on bank revolving credit facility	50	195	183	222	188
Repayment on bank revolving credit facility	−50	−195	−235	−174	−189
Principal payments on long-term debt and finance leases	−15	−15	−15	−15	−15
Contingent consideration payment after acquisition	0	−4	0	0	—
Dividends paid	−14	−12	−10	−9	−7
Proceeds from exercise of stock options	2	2	2	803,000	2
Common stock repurchased	−3	−2	−1	−768,000	−2
Net cash used in financing activities	−31	−32	−77	24	−23
Effect of exchange rate changes on cash	12	−10	3	−2	—
Net change in cash and cash equivalents	112	145	5	5	−8
Interest	15	21	25	15	10
Income taxes	53	40	37	35	33

Filings

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