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IndustrialsBalancedMid CapSuper Stock

Alamo Group Q1 sales rise, beat analyst estimates

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

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$417.10 mln$398.02 mln (5 Analysts)
Q1 EPSBeat$2.41$2.20 (5 Analysts)
Q1 Net IncomeBeat$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.)

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