Nov 2, 4:44 PM ET
Alamo Group reported third-quarter 2026 net sales of $403.1 million, down 4.0%, and GAAP net income of $2.0 million, or $0.17 per diluted share, versus $25.4 million, or $2.10, a year earlier. Results include $33.3 million of net pre-tax charges tied to the sale and wind-down of several businesses, including Dixie Chopper and Boxer, and the company also completed its $158.7 million acquisition of Econ Engineering Group on October 27, 2026.
- Q3 2026 net sales were $403.1 million, down 4.0% from $420.0 million; adjusted diluted EPS was $2.06 versus $2.34 a year earlier.
- Net income was $2.0 million versus $25.4 million in Q3 2025, including $33.3 million of net pre-tax divestiture charges.
- Industrial Equipment Division adjusted EBITDA margin fell to 13.4% from 15.5%, while Vegetation Management margin rose to 12.5% from 9.7%.
- Econ Engineering Group, a U.K. roadway maintenance truck maker, was acquired on October 27, 2026 for £120.0 million ($158.7 million), funded with revolver borrowings; backlog at September 30, 2026 was $521.3 million versus $618.3 million a
Read the filing on SEC.gov ↗
Oct 27, 4:20 PM ET
Alamo Group Inc. completed its acquisition of Econ Engineering Group Limited, a UK manufacturer of roadway maintenance trucks and equipment, on October 27, 2026, for approximately £120 million, or about $158.7 million, subject to post-closing adjustments. The purchase was funded through the company's revolving credit facility, and Econ becomes part of the Industrial Equipment Division. The filing does not provide Alamo Group's own financial results or the deal's expected effect on its earnings.
- Purchase price: approximately £120 million, or about $158.7 million, subject to post-closing adjustments.
- Closing date: October 27, 2026, the same day the purchase agreement was announced.
- Econ's fiscal year ended March 31, 2026: approximately $88 million of net sales and $38.5 million of Adjusted EBITDA.
- Funding: Alamo Group's revolving credit facility; D.A. Davidson MCF International was financial advisor.
Read the filing on SEC.gov ↗
Sep 30, 4:21 PM ET
Alamo Group said on September 29, 2026 that, as part of a review of its product portfolio, it will stop producing its Dixie Chopper branded line. The company estimates $15.0 million to $20.0 million in charges in the third quarter of 2026, including $1.0 million to $4.0 million in cash costs for inventory returns, purchase commitments and related items. The charges are estimates that depend on factors such as the net realizable value of inventory and equipment returns, and the company may record other unanticipated charges.
- Company will cease production of its Dixie Chopper branded product line, decided September 29, 2026
- Estimated total charges of $15.0 million to $20.0 million expected in the third quarter of 2026
- Approximately $1.0 million to $4.0 million of the charges are expected to be cash expenditures
- Estimates are subject to assumptions and may change; additional charges are possible
Read the filing on SEC.gov ↗
Sep 8, 4:31 PM ET
Alamo Group said on September 8, 2026 that it will stop producing its Boxer branded line of products as part of an ongoing review of its product portfolio. The company estimates approximately $7.0 million to $10.0 million in charges in the third quarter of 2026, and does not expect material cash expenditures tied to the impairment charges.
- Decision to cease production of the Boxer branded product line made September 8, 2026
- Estimated charges of approximately $7.0 million to $10.0 million, expected in the third quarter of 2026
- Company does not expect material cash expenditures; estimates depend on inventory and equipment net realizable value and may change
Read the filing on SEC.gov ↗
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