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Unless the context otherwise requires, the terms the Company, "Alamo Group," we, our and us refer to Alamo Group Inc. and its subsidiaries on a consolidated basis. General The Company is a leader in the manufacture and sale of high-quality, purpose-built industrial and vegetation management equipment.
Operating margin is thin at 9.45%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 20% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$1.63B
▼ -1.5% YoY
Net Income (TTM)
$101M
▼ -10.5% YoY
Op. Margin
9.16%
▼ -0.7pp YoY
ROIC
8.19%
▼ -1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$111M
▼ -20.5% YoY
Op. Cash Flow (TTM)
$140M
▼ -15.4% YoY
Net Debt
$113M
Cash & Equiv.
$195M
5Y CAGR: +6.6%
5Y CAGR: -2.5%
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