SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Thursday reported first-quarter profit of $32.1 million.
On a per-share basis, the Seguin, Texas-based company said it had profit of $2.67.
The maker of road maintenance, industrial and farm equipment posted revenue of $425.6 million in the period.
Alamo Group shares have decreased 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $195.24, an increase of slightly more than 9% in the last 12 months.
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