Alamo group announces record 2023 third quarter sales and earnings

Seguin, texas , nov. 2, 2023 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the third quarter ended september 30, 2023. highlights for the quarter eighth consecutive quarterly record for sales and earnings net sales of $419.6 million, up 13.8% vegetation management net sales of $246.9 million, up 8.0% industrial equipment net sales of $172.7 million, up 23.1% income from operations of $49.8 million, (11.9% of net sales), up 38.8% net income of $34.9 million, or $2.91 per diluted share, up 35.2% trailing twelve-month ebitda of $245.0 million, up 25.0% from full year 2022 (1) backlog of $890.9 million, down 2.0% compared to prior year third quarter-end results for the quarter record third quarter 2023 net sales of $419.6 million increased 13.8% compared to $368.8 million in the third quarter of 2022.
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