Alamo Group: 2Q Earnings Snapshot
SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Wednesday reported second-quarter earnings of $18.8 million.
On a per-share basis, the Seguin, Texas-based company said it had profit of $1.60. Earnings, adjusted for gains related to mergers and acquisitions, came to $1.53 per share.
The maker of road maintenance, industrial and farm equipment posted revenue of $257.1 million in the period.
Alamo Group shares have decreased 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $92.58, a fall of almost 1 percent in the last 12 months.