Alamo Group Inc. (ALG, Financial) filed Quarterly Report for the period ended 2012-06-30.
Alamo Group, Inc. has a market cap of $331.5 million; its shares were traded at around $29.14 with a P/E ratio of 10.9 and P/S ratio of 0.6. The dividend yield of Alamo Group, Inc. stocks is 0.9%. Alamo Group, Inc. had an annual average earning growth of 6.8% over the past 10 years.
Gross profit for the second quarter of 2012 was $39,161,000 (23.4% of net sales) compared to $37,391,000 (23.2% of net sales) during the same period in 2011, an increase of $1,770,000. The increase was mainly from the acquisition of Tenco in the amount of $1,124,000 and improved sales of mowing equipment in the Company's Industrial Division.
Selling, general and administrative expenses (“SG&A”) were $24,836,000 (14.9% of net sales) during the second quarter of 2012 compared to $23,685,000 (14.7% of net sales) during the same period of 2011, an increase of $1,151,000. The increase was from the acquisition of Tenco in the amount of $1,198,000.
Gross profit for the first six months of 2012 was $74,399,000 (23.0% of net sales) compared to $69,292,000 (23.0% of net sales) during the same period in 2011, an increase of $5,107,000. The increase was from the acquisition of Tenco in the amount of $3,099,000, improved sales in the Company's Industrial Division and, to a lesser extent, lower manufacturing costs.
Selling, general and administrative expenses (“SG&A”) were $49,081,000 (15.2% of net sales) during the first six months of 2012 compared to $46,245,000 (15.3% of net sales) during the same period of 2011, an increase of $2,836,000. The increase in SG&A for the first six months of 2012 was mainly from the acquisition of Tenco in the amount of $2,404,000.
Read the The complete Report
Alamo Group, Inc. has a market cap of $331.5 million; its shares were traded at around $29.14 with a P/E ratio of 10.9 and P/S ratio of 0.6. The dividend yield of Alamo Group, Inc. stocks is 0.9%. Alamo Group, Inc. had an annual average earning growth of 6.8% over the past 10 years.
Highlight of Business Operations:
Net sales for the second quarter of 2012 were $167,009,000, an increase of $6,185,000, or 3.8% compared to $160,824,000 for the second quarter of 2011. The increase was mainly from the acquisition of Tenco in the amount of $5,656,000 and improved sales in the Industrial Division. Agricultural markets continued to experience slower growth during the quarter as farmers were cautious about the U.S. economy.Gross profit for the second quarter of 2012 was $39,161,000 (23.4% of net sales) compared to $37,391,000 (23.2% of net sales) during the same period in 2011, an increase of $1,770,000. The increase was mainly from the acquisition of Tenco in the amount of $1,124,000 and improved sales of mowing equipment in the Company's Industrial Division.
Selling, general and administrative expenses (“SG&A”) were $24,836,000 (14.9% of net sales) during the second quarter of 2012 compared to $23,685,000 (14.7% of net sales) during the same period of 2011, an increase of $1,151,000. The increase was from the acquisition of Tenco in the amount of $1,198,000.
Gross profit for the first six months of 2012 was $74,399,000 (23.0% of net sales) compared to $69,292,000 (23.0% of net sales) during the same period in 2011, an increase of $5,107,000. The increase was from the acquisition of Tenco in the amount of $3,099,000, improved sales in the Company's Industrial Division and, to a lesser extent, lower manufacturing costs.
Selling, general and administrative expenses (“SG&A”) were $49,081,000 (15.2% of net sales) during the first six months of 2012 compared to $46,245,000 (15.3% of net sales) during the same period of 2011, an increase of $2,836,000. The increase in SG&A for the first six months of 2012 was mainly from the acquisition of Tenco in the amount of $2,404,000.
Read the The complete Report
