NYSE$ALG

Alamo Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Alamo Group reported record fourth quarter and year end results, driven by strong demand and strategic pricing actions.

Alamo Group Inc. reported record fourth quarter net sales of $337.2 million, a 16.8% increase, and a record diluted EPS of $1.62, up 107.7%. Full year net sales reached a record $1.3 billion, up 14.7%, with a record EBITDA of $162.1 million and diluted EPS of $6.75.

  • Fourth quarter net sales increased by 16.8% to $337.2 million.
  • Record fourth quarter diluted EPS reached $1.62, a 107.7% increase.
  • Full year net sales hit a record $1.3 billion, up 14.7%.
  • Record backlog of $800.8 million at year-end, up 126.2% year-over-year.

Headline financials

Total Revenue

$337M

Previous: $289M+16.8%
EPS (adj)

$1.62

Previous: $1.10+47.3%
Gross Margin

24.8%

Previous: 23.1%+7.4%
Total Backlog

$801M

Previous: $354M+126.2%
Capital Expenditures

$10.7M

Previous: $2.91M+266.7%
Free Cash Flow

-$4.4M

Previous: $45.4M-109.7%
Net Income

$19.2M

Previous: $8.08M+138.0%
Operating Income

$27.9M

Previous: $15.7M+77.2%
Gross Profit

$83.7M

Previous: $66.7M+25.4%
Cash & Equivalents

$42.1M

Previous: $50.2M-16.1%
Total Assets

$1.21B

Previous: $1.11B+8.7%
Stock-Based Comp

$591K

Previous: $1M-41.1%

Revenue & EPS history

Alamo Group · Revenue · Quarterly

$337M

Q4 2021+16.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Alamo Group · $219M total across 1 segment · Q3 2021

  • Industrial Equipment
    $219M+11.6%

Forward guidance

The company anticipates ongoing challenges from the Omicron wave and supply chain disruptions in the first quarter of 2022, but remains confident in its teams' ability to navigate these issues and maintain good operational momentum.

Tailwinds

  • Anticipated moderation of steel prices.
  • Strong order bookings and record backlog provide good visibility.
  • Continued robust demand for products in both divisions.
  • Positive market developments in the Vegetation Management Division.
  • Industrial Equipment Division positioned for excellent results once truck chassis supply improves.

Headwinds

  • Impact of the Omicron wave on workforce health.
  • No significant near-term improvement in supply chain issues.
  • Ongoing inflation headwinds.
  • Critical computer chip shortage expected to persist.
  • Potential for continued operational inefficiencies due to component delays and workforce disruption.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro