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Alamo Group 3Q20 Ag Sales Rise 2%

Alamo Group, a manufacturer of equipment for agriculture and infrastructure maintenance, reported consolidated net sales in the third quarter 2020 were up 7.3% to $291.8 million. Sales of its ag equipment rose to $95.5 million, up 2%. Industrial equipment net sales grew to $196.2 million, up 10.1% for the quarter. Net income for the third quarter was up 15% to $20 million.

For the first 9 months of 2020, net sales were $874.8 million compared…

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