Alamo group announces 2021 first quarter results

Seguin, texas, may 5, 2021 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the first quarter ended march 31, 2021. highlights for the quarter record net income for a first quarter of $17.5 million, up 12.5% net sales for the first quarter of $311.2 million, down 1.0% industrial division net sales of $211.9 million, down 7.9% agricultural division net sales of $99.3 million, up 17.5% ebitda for the first quarter of $36.7 million, up 4.9%(1) record backlog at $452.5 million, up 94.5% compared to the first quarter of 2020 and up 27.8% compared to year end 2020 summary of results alamo group's net sales for the first quarter of 2021 were $311.2 million compared to net sales of $314.4 million in the first quarter of 2020, a decrease of 1.0%.
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