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Alamo (ALG)

Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Its products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 3,950 employees and operates 27 plants in North America, Europe, Australia and Brazil as of September 30, 2020. The corporate offices of Alamo Group Inc. are located in Seguin, Texas.

Company profile

Ticker
ALG
Exchange
CEO
Ronald Robinson
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Alamo Group (USA) Inc. • Alamo Group Europe Limited • Alamo Group (Canada) Inc. • Alamo Group • Alamo Group (TX) Inc. • Alamo Group Management Inc. • Bush Hog, Inc. • Gradall Industries, Inc. • Henke Manufacturing Corporation • Herschel Parts, Inc. ...
IRS number
741621248

ALG stock data

Calendar

3 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 75.89M 75.89M 75.89M 75.89M 75.89M 75.89M
Cash burn (monthly) 2.79M 811.33K (no burn) (no burn) (no burn) 259.83K
Cash used (since last report) 4.01M 1.17M n/a n/a n/a 373.18K
Cash remaining 71.88M 74.73M n/a n/a n/a 75.52M
Runway (months of cash) 25.7 92.1 n/a n/a n/a 290.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Aug 22 Richard Hodges Raborn Common Stock Sell Dispose S No No 136.5538 1,553 212.07K 8,710
10 Aug 22 Dan Edward Malone Common Stock Sell Dispose S No No 136.23 762 103.81K 6,869
9 Aug 22 Dan Edward Malone Common Stock Sell Dispose S No No 134.61 500 67.31K 7,631
15 Jun 22 Bauer Robert P Common Stock Buy Acquire P No No 113.988 500 56.99K 7,561
2 Jun 22 Edward Rizzuti Common Stock Sell Dispose S No No 120.984 371 44.89K 5,142
10 May 22 Bauer Robert P Common Stock Grant Acquire A No No 0 1,056 0 7,061
91.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 173 169 +2.4%
Opened positions 17 18 -5.6%
Closed positions 13 15 -13.3%
Increased positions 54 47 +14.9%
Reduced positions 64 60 +6.7%
13F shares Current Prev Q Change
Total value 1.57B 2.31B -32.0%
Total shares 10.95M 10.9M +0.4%
Total puts 0 0
Total calls 7.7K 9.1K -15.4%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 1.54M $221.06M +1.8%
Longview Asset Management 1.36M $195.81M 0.0%
TROW T. Rowe Price 827.77K $119.03M +8.3%
Vanguard 712.1K $102.39M +0.8%
Dimensional Fund Advisors 602.07K $86.57M +1.4%
Victory Capital Management 601.66K $86.42M -0.2%
Allspring Global Investments 367.7K $52.87M +0.6%
GW&K Investment Management 344.51K $49.54M -0.7%
STT State Street 335.97K $48.31M +3.6%
Vaughan Nelson Investment Management 252.14K $36.26M -2.8%
Largest transactions Shares Bought/sold Change
Loomis Sayles & Co L P 0 -114.34K EXIT
Wasatch Advisors 0 -94.34K EXIT
TROW T. Rowe Price 827.77K +63.73K +8.3%
Granite Investment Partners 168.83K +54.86K +48.1%
Millennium Management 51.61K +51.61K NEW
Kennedy Capital Management 119.07K +30.46K +34.4%
BLK Blackrock 1.54M +27.9K +1.8%
Neumeier Poma Investment Counsel 171.04K -22.98K -11.8%
NTRS Northern Trust 237.76K +21.7K +10.0%
Epoch Investment Partners 94.6K +18.55K +24.4%

Financial report summary

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Competition
Avis BudgetOshkosh
Risks
  • Deterioration of industry conditions could harm our business, results of operations and financial condition.
  • A downturn in general economic conditions and outlook in the United States and around the world could adversely affect our net sales and earnings.
  • Significant changes in trade policy and related trade wars could have a material adverse impact on our results of operations.
  • We depend on governmental sales, and a decrease in such sales could adversely affect our business, results of operations and financial condition.
  • Our dependence on, and the price and availability of, raw materials as well as purchased components may adversely affect our business, results of operations and financial condition.
  • Impairment in the carrying value of goodwill could negatively impact our consolidated results of operations and net worth.
  • We are significantly dependent on information technology and our business may suffer from disruptions associated with information technology, cyber-attacks or other catastrophic losses affecting our IT infrastructure.
  • Changes in the regulatory environment regarding privacy and data protection regulations could have a material adverse impact on our results of operations.
  • We operate in a highly competitive industry, and some of our competitors and potential competitors have greater resources than we do.
  • We operate and source internationally, which exposes us to the political, economic and other risks of doing business abroad.
  • Our acquisition strategy may not be successful, which may adversely affect our business, results of operations and financial condition.
  • We may not be able to realize the potential or strategic benefits of the acquisitions we complete, and the businesses we have acquired, or may acquire in the future, may not perform as expected.
  • Skilled labor shortages or our ability to retain qualified employees could adversely affect our operations.
  • Increasingly stringent engine emission regulations could impact our ability to sell certain of our products into the market and appropriately price certain of our products, which could negatively affect our competitive position and financial results.
  • We are subject to environmental, health and safety and employment laws and regulations and related compliance expenditures and liabilities.
  • We are subject on an ongoing basis to the risk of product liability claims and other litigation arising in the ordinary course of business.
  • If we are unable to comply with the terms of our credit arrangements, especially the financial covenants, our credit arrangements could be terminated.
  • Fluctuations in currency exchange rates may adversely affect our financial results.
  • Changes concerning the availability of the London Interbank Offered Rate ("LIBOR") may have a negative impact on our business.
  • Because the price of our common stock may fluctuate significantly, it may be difficult for you to resell our common stock when desired or at attractive prices.
  • You may experience dilution of your ownership interests due to the future issuance of additional shares of our common stock.
  • There is no assurance that we will continue declaring dividends or have the available cash to make dividend payments.
  • Provisions of our corporate documents may have anti-takeover effects that could prevent a change in control.
  • Future sales, or the possibility of future sales, of a substantial amount of our common stock may depress the price of the shares of our common stock.
Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This report contains forward-looking statements that are based on Alamo Group’s current expectations.  Actual results in future periods may differ materially from those expressed or implied because of a number of risks and uncertainties which are discussed below and in the Forward-Looking Information section. Unless the context otherwise requires, the terms the "Company", "we", "our" and "us" means Alamo Group Inc.
  • We experienced continued strong demand for our products during the first six months of 2022 as was reflected in our top line growth. Margins improved due to the increase in shipments along with pricing actions we began in 2021 which helped mitigate inflation cost pressures. However, we continue to be constrained by higher material and inbound freight costs, ongoing supply chain disruptions and skilled labor shortages.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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