Alamo group announces financial results for the first quarter of 2024

Seguin, texas , may 2, 2024 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the first quarter ended march 31, 2024. highlights for the quarter record net sales of $425.6 million, up 3.4% industrial equipment net sales of $201.8 million, up 29.9% vegetation management net sales of $223.7 million, down 12.7% income from operations of $47.0 million, 11.0% of net sales net income of $32.1 million first quarter eps of $2.67 per share trailing twelve-month ebitda of $246.2 million, stable versus record year-end 2023(1) total debt net of cash improved $62.2 million or 23.8% compared to first quarter 2023(1) backlog remained elevated at $831.3 million at the end of the first quarter 2024 results for the quarter record first quarter 2024 net sales of $425.6 million increased 3.4% compared to $411.8 million in the first quarter of 2023.
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