Alamo group announces record 2023 second quarter sales and earnings

Seguin, texas , aug. 2, 2023 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the second quarter ended june 30, 2023. highlights for the quarter net sales of $440.7 million, up 11.2% vegetation management net sales of $261.3 million, up 2.5% industrial equipment net sales of $179.3 million, up 27.0% income from operations of $54.4 million, up 32.9% net income of $36.4 million, or $3.03 per diluted share, up 26.8% trailing twelve-month ebitda of $230.4 million, up 17.6% from full year 2022(1) backlog of $891.2 million, slightly down compared to prior year second quarter-end results for the quarter record second quarter 2023 net sales of $440.7 million increased 11.2% compared to $396.2 million in the second quarter of 2022.
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