SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Monday reported fourth-quarter net income of $15.5 million.
On a per-share basis, the Seguin, Texas-based company said it had net income of $1.28. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to $1.70 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The maker of road maintenance, industrial and farm equipment posted revenue of $373.7 million in the period.
For the year, the company reported profit of $103.8 million, or $8.59 per share. Revenue was reported as $1.6 billion.
Alamo Group shares have increased 30% since the beginning of the year. In the final minutes of trading on Monday, shares hit $218.47, an increase of 25% in the last 12 months.
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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
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