Overview
US industrial equipment maker's Q1 sales rose 6.7%, beating analyst expectations
EPS for Q1 beat analyst expectations
Company closed Petersen acquisition and began synergy realization
Outlook
Company did not provide specific financial guidance for the current or future periods
Result Drivers
DIVISIONAL SALES GROWTH - Both Industrial Equipment and Vegetation Management divisions posted higher sales, contributing to overall revenue growth
ACQUISITION IMPACT - Company completed Petersen acquisition and began work on synergy realization
CHALLENGING END MARKETS - Vegetation Management Division achieved sales growth despite continued challenging end markets, per CEO Robert Hureau
Company press release: ID:nPn6zc6w5a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$417.10 mln
$398.02 mln (5 Analysts)
Q1 EPS
Beat
$2.41
$2.20 (5 Analysts)
Q1 Net Income
Beat
$29.20 mln
$26.38 mln (4 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Alamo Group Inc is $201.00, about 17.3% above its May 1 closing price of $171.35
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)