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Alamo Group: 2Q Earnings Snapshot

SEGUIN, Texas — Alamo Group Inc. (ALG) on Wednesday reported second-quarter earnings of $13 million.

On a per-share basis, the Seguin, Texas-based company said it had net income of $1.10. Earnings, adjusted for gains related to mergers and acquisitions, were $1.06 per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $268.6 million in the period.

Alamo Group shares have dropped 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.03, a rise of roughly 8% 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

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