Alamo Group: 3Q Earnings Snapshot
Alamo Group: 3Q Earnings Snapshot
SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Wednesday reported third-quarter profit of $23.5 million.
On a per-share basis, the Seguin, Texas-based company said it had net income of $2. Earnings, adjusted for non-recurring gains, were $1.75 per share.
The maker of road maintenance, industrial and farm equipment posted revenue of $257.6 million in the period.
Alamo Group shares have decreased 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $86.42, a drop of 18 percent in the last 12 months.
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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