Alamo group announces record 2023 fourth quarter and year end results

Seguin, texas , feb. 22, 2024 /prnewswire/ -- alamo group inc. (nyse: alg) today reported results for the fourth quarter and year ended december 31, 2023. highlights ninth consecutive quarterly record for sales and earnings fourth quarter net sales of $417.5 million, up 8% fourth quarter operating income of $44.8 million, up 5% fourth quarter net income of $31.5 million, or $2.63 per diluted share, up 8% full year net sales of $1.69 billion, up 12% full year operating income of $198.0 million, up 33% full year net income of $136.2 million, up 34% full year diluted eps was $11.36, up 33% record ebitda of $246.6 million, up 26% year-end 2023 backlog at $860 million fourth quarter results fourth quarter 2023 net sales were $417.5 million compared to $386.6 million in the fourth quarter of 2022, an increase of 8%.
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