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Alamo Group posts 4Q profit

SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Tuesday reported fourth-quarter profit of $7.6 million.

On a per-share basis, the Seguin, Texas-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring costs, came to 81 cents per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $205.5 million in the period.

For the year, the company reported profit of $40 million, or $3.46 per share. Revenue was reported as $844.7 million.

Alamo Group shares have declined roughly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $75.62, an increase of 29 percent 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


Keywords: Alamo Group, Earnings Report