Alamo Group: Q3 Earnings Snapshot

SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Thursday reported third-quarter earnings of $27.4 million.

The Seguin, Texas-based company said it had profit of $2.28 per share. Earnings, adjusted for non-recurring costs, came to $2.38 per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $401.3 million in the period.

Alamo Group shares have fallen 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $169.54, an increase of roughly 6% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALG at https://www.zacks.com/ap/ALG

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up