U.S. Markets open in 4 hrs 12 mins

Alamo Group: 2Q Earnings Snapshot

SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Wednesday reported second-quarter earnings of $20.7 million.

On a per-share basis, the Seguin, Texas-based company said it had profit of $1.75. Earnings, adjusted for gains related to mergers and acquisitions, came to $1.67 per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $285.2 million in the period.

Alamo Group shares have increased 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $97.89, an increase of slightly more than 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALG at https://www.zacks.com/ap/ALG