Alamo group announces record 2022 fourth quarter and year end results

Seguin, texas , feb. 23, 2023 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the fourth quarter and year ended december 31, 2022. highlights fourth quarter net sales of $386.6 million, up 15% fourth quarter operating income of $42.7 million, up 53% fourth quarter net income of $29.2 million, or $2.44 per diluted share, up 52% full year net sales of $1.5 billion, up 13% year over year full year operating income of $148.6 million, up 27% full year net income of $101.9 million, up 27% full year diluted eps was $8.54, up 27% record ebitda of $195.9 million, up 21% year over year(1) backlog of $1.0 billion, up 26% compared to year-end 2021 fourth quarter results fourth quarter 2022 net sales were $386.6 million compared to $337.2 million in the fourth quarter of 2021, an increase of 15%.
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