SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Thursday reported first-quarter profit of $31.8 million.
The Seguin, Texas-based company said it had net income of $2.64 per share. Earnings, adjusted for non-recurring costs, were $2.65 per share.
The maker of road maintenance, industrial and farm equipment posted revenue of $391 million in the period.
Alamo Group shares have decreased 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $178.53, a decrease of 8% in the last 12 months.
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