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Press Release

Alamo Group Sells Herschel Parts Business to F.P. Bourgault Tillage Tools

August 19, 2024

Alamo Group Inc. announced Aug. 16 the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd.

AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales

Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business...
JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

Alamo Group Announces Financial Results for the Second Quarter of 2024

August 1, 2024 | Posted in Earnings Reports

Source: Alamo Group Inc.

Alamo Group Inc. reported results for the second quarter ended June 30, 2024.

Top 5 Agricultural Companies Listed in the Industry Week US 500 Report

July 15, 2024 | Posted in Analysis & Commentary

Manufacturing news outlet IndustryWeek recently unveiled its highly anticipated U.S. 500 report, a ranking that highlights the top manufacturing companies across various industries in the U.S.

AEI Newsmakers: May 2024

May 15, 2024 | Posted in Ag Equipment Business

Autonomous vehicle and data solutions supplier Cyngn announced April 23...
Around 200 unionized workers at Alamo Group subsidiary Gradall Industries, located in New Philadelphia, Ohio...
A John Deere dealer executive said the last time they heard about the Volocopter drone collaboration...
John Deere has laid off 34 employees at its Cylinder Works facility in Moline, Ill., according to a May 6 report...
30-store John Deere dealer Greenway Equipment announced May 1 the appointment...
Tillage blade and cultivation equipment manufacturer Osmundson Manufacturing Co. announced...
German implement manufacturer Amazone announced April 23 that it will...
CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility...
In its Mary 10 WASDE report update, USDA’s 2023-24 ending stocks are estimated...
In a note to investors, J.P. Morgan analysts said, “We view today’s report as incrementally...
VDMA reported German tractor registrations were up 16% year-over-year in April...

Alamo Group Faces Union Strike at Gradall Industries Plant

April 23, 2024 | Posted in Ag Equipment Business

The approximately 200 workers are part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285.

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Ag Equipment Manufacturers Increase Advertising Spending in 2023

April 15, 2024 | Posted in Earnings Reports, Equipment & Equipment Sales

Several publicly held ag equipment manufacturers reported increasing their advertising spending year-over-year in 2023.

News Release

Alamo Group Reports 2023 Net Sales Up 12%

February 23, 2024

Fourth quarter 2023 net sales were $417.5 million compared to $386.6 million in the fourth quarter of 2022, an increase of 8%.

Alamo Group Announces Strong 2022 Fourth Quarter & Full Year Earnings

February 28, 2023 | Posted in Earnings Reports

Full year 2022 net sales increased to $1.5 billion, up 13% compared to $1.3 billion for the full year 2021.

Alamo Group Reports Net Sales Up 9% in 3Q22

November 4, 2022 | Posted in Earnings Reports

Gross margin improved in the quarter versus the third quarter of 2021 by $6.1 million or 7.0%.

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Deere Production Could be Down 10-15% Next Year

In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.

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