Alamo group announces record 2022 first quarter sales and earnings

Seguin, texas , may 4, 2022 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the first quarter ended march 31, 2022. highlights for the quarter net sales of $362.0 million, up 16.3% vegetation management net sales of $221.0 million, up 20.2% industrial equipment net sales of $141.0 million, up 10.8% income from operations of $29.1 million, up 14.5% net income of $18.5 million, or $1.55 per diluted share, up 5.8% adjusted net income of $19.4 million, or $1.63 per diluted share, up 11.4% (1) trailing twelve-month ebitda of $165.7 million, up 2.2% from full year 2021(1) backlog of $917.8 million, up 102.8% compared to prior year first quarter-end results for the quarter first quarter 2022 net sales were $362.0 million compared to $311.2 million in the first quarter of 2021, an increase of 16.3%.
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