ALG Earnings Prediction
The chart below shows how ALG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALG sees a +0.79% change in stock price 10 days leading up to the earnings, and a +1.67% change 10 days following the report. On the earnings day itself, the stock moves by +0.04%. This data can give you a slight idea of what to expect for the next quarter's release.
ALG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
401.30M
-4.37%
-3.60%
Gross Margin
24.13%
-8.22%
-3.52%
Operating Margin
9.99%
-15.77%
-3.94%
Net Margin
6.83%
-17.91%
0.44%
EPS
2.28
-21.65%
-2.98%
No Data Available
ALG Earnings Analysis
Alamo Group, Inc. Corporation (ALG.N) Earnings Conference Call
Positive
Quarterly Revenue Decline: Total revenue for the quarter was $401.3 million, reflecting a 4.4% decline compared to the same period last year.
Quarterly Gross Profit Decline: Gross profit for the quarter was $100.9 million, with a margin of 25.1% of net sales, down 206 basis points from the third quarter of 2023.
SG&A Expense Reduction: SG&A expenses were $56.7 million, which is a reduction of 8% from the third quarter of 2023, excluding rollover truck acquisition.
Third Quarter Operating Income: Operating income in the third quarter of 2024 was $40.1 million, sustaining a double-digit operating margin of 10% of net sales.
Net Income Comparison: Net income for the third quarter of 2024 was $27.4 million, or $2.28 per diluted share, compared to net income of $34.9 million, or $2.91 per diluted share, in the same period last year.
Negative
Quarterly Revenue Decline: Total revenue for the quarter was $401.3 million, reflecting a 4.4% decline compared to the same period last year.
Quarterly Gross Profit Decline: Gross profit for the quarter was $100.9 million, with a margin of 25.1% of net sales, down 206 basis points from the third quarter of 2023.
Operating Income Decline: Operating income in the third quarter of 2024 was $40.1 million, sustaining a double-digit operating margin of 10% of net sales, which represents a decline of 190 basis points compared to the same period in 2023.
Net Income Comparison: Net income for the third quarter of 2024 was $27.4 million, or $2.28 per diluted share, compared with net income of $34.9 million, or $2.91 per diluted share, in the same period last year.
Sales Decline Report: The Vegetation Management Division reported net sales of $190.1 million, a 23% reduction compared to the third quarter of 2023.
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ALG Earning Call Sentiment
Alamo Group Inc (ALG) Q3 2024 Earnings Call Transcript
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ALG.N
0.32%Positive
The earnings call presents mixed signals: while revenue and profit margins have declined, there is optimism about future growth and restructuring benefits. The Q&A highlights uncertainties, especially in Vegetation Management and agricultural recovery. Positive elements include strong cash flow, debt reduction, and a share repurchase program. However, the lack of clear guidance and the impact of cost reductions add uncertainty. Given the company's market cap and the mixed nature of the report, a neutral stock price movement is expected over the next two weeks.
