NYSE$ALG
Alamo Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Alamo Group's Q1 2023 sales and earnings reached record levels, driven by improved supply chain performance and effective price management.
Alamo Group Inc. reported record first quarter 2023 net sales of $411.8 million, an increase of 13.7% compared to the first quarter of 2022. Net income improved 80.6% to $33.3 million, or $2.79 per diluted share.
- Net sales increased by 13.7% to $411.8 million.
- Vegetation Management net sales increased by 16.0% to $256.4 million.
- Industrial Equipment net sales increased by 10.2% to $155.3 million.
- Net income rose by 80.6% to $33.3 million, or $2.79 per diluted share.
Headline financials
Revenue & EPS history
Alamo Group · Revenue · Quarterly
$412M
Revenue by segment
Alamo Group · $219M total across 1 segment · Q3 2021
- Industrial Equipment$219M+11.6%100.0%
Forward guidance
The company expects the trends evident in the first quarter results will continue, with a strong backlog and continued positive pricing contribution in the coming quarters. A conservative approach to spending will also continue given the economic uncertainty that remains evident.
Tailwinds
- Continued strength and durability of markets.
- Large and healthy backlog.
- Strength of balance sheet.
- Continued, positive pricing contribution in the coming quarters.
- Conservative approach to spending.
Headwinds
- Softer order activity due to dealer concerns over higher interest rates.
- Forecast decline in U.S. net farm income.
- Rising agriculture equipment dealer inventories.
- Weakening U.S. housing market.
- Falling prices for industrial wood pellets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.8%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.8%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+23.2%
Q3 2014
Best reaction
-16.2%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.3% | -4.4% | -13.0% | |
| Q4 2025 | -15.7% | -23.0% | -23.0% | |
| Q3 2025 | +0.8% | +0.2% | -9.3% | |
| Q1 2025 | +6.9% | +12.3% | +16.0% | |
| Q4 2024 | -5.0% | -3.3% | -1.9% | |
| Q3 2024 | +8.3% | +7.9% | +15.5% | |
| Q2 2024 | -3.3% | -9.4% | -2.9% | |
| Q1 2024 | +0.0% | +0.1% | -2.0% | |
| Q4 2023 | -5.1% | -5.8% | -0.1% | |
| Q3 2023 | +14.0% | +14.5% | +18.2% | |
| Q2 2023 | -7.4% | -7.4% | -9.3% | |
| Q1 2023 | +1.1% | +1.7% | +0.7% | |
| Q4 2022 | +10.8% | +13.3% | +9.8% | |
| Q3 2022 | -4.4% | -0.9% | +1.4% | |
| Q2 2022 | +4.0% | +5.6% | +1.0% | |
| Q1 2022 | -4.7% | -9.8% | -5.9% | |
| Q4 2021 | +2.4% | +2.7% | +9.5% | |
| Q3 2021 | -1.9% | +1.9% | -7.8% | |
| Q2 2021 | +0.1% | +2.0% | +6.3% | |
| Q1 2021 | +1.5% | +0.4% | -5.5% | |
| Q4 2020 | -5.3% | -4.1% | -4.9% | |
| Q3 2020 | +0.0% | +3.9% | +14.8% | |
| Q2 2020 | +4.6% | +5.6% | +9.7% | |
| Q1 2020 | +3.6% | +2.5% | +22.6% | |
| Q4 2019 | -9.5% | -6.6% | -25.8% | |
| Q3 2019 | -16.2% | -14.4% | -10.2% | |
| Q2 2019 | +9.9% | +7.8% | +14.7% | |
| Q1 2019 | -0.1% | +1.9% | -8.4% | |
| Q4 2018 | +2.0% | +2.5% | +5.2% | |
| Q3 2018 | +6.0% | +1.7% | -3.5% | |
| Q2 2018 | +0.7% | +1.7% | +2.5% | |
| Q1 2018 | -12.7% | -14.6% | -14.6% | |
| Q4 2017 | -4.0% | +0.7% | -1.1% | |
| Q3 2017 | +4.0% | +4.9% | +11.8% | |
| Q2 2017 | -2.3% | -0.9% | -1.4% | |
| Q1 2017 | +4.2% | +6.8% | +9.8% | |
| Q4 2016 | -3.1% | -3.7% | -2.2% | |
| Q3 2016 | +0.2% | +4.3% | +14.3% | |
| Q2 2016 | -3.4% | -1.4% | -0.5% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +12.5% | — | — | |
| Q3 2015 | +10.8% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -7.1% | — | — | |
| Q4 2014 | +18.5% | — | — | |
| Q3 2014 | +23.2% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -6.1% | — | — | |
| Q4 2013 | +8.5% | — | — | |
| Q3 2013 | +6.4% | — | — | |
| Q2 2013 | +5.3% | — | — | |
| Q1 2013 | +2.4% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | -3.8% | — | — | |
| Q2 2012 | -4.2% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q4 2011 | +2.5% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q2 2011 | -2.6% | — | — | |
| Q2 2010 | -2.6% | — | — | |
| Q4 2010 | -2.6% | — | — | |
| Q1 2010 | +7.7% | — | — |
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