Alamo Group Q1 Sales Up 6.7% to $417.1M, Closes Petersen Acquisition
Alamo Group reported first-quarter net sales of $417.1 million, up 6.7% year-over-year, adjusted EPS of $2.56 and adjusted EBITDA of $59.3 million (14.2% of sales). The company closed its Petersen acquisition, commenced synergy realization and ended the quarter with net debt of $95.2 million and $308.4 million revolver availability.
1. First-Quarter Financial Results
Alamo Group posted Q1 net sales of $417.1 million, a 6.7% increase over Q1 2025. Net income was $29.2 million, or $2.41 per diluted share, while adjusted net income reached $31.1 million, or $2.56 per share. Adjusted EBITDA rose to $59.3 million, 14.2% of sales.
2. Division Performance
Industrial Equipment division net sales climbed 6.5% to $241.7 million with adjusted EBITDA of $39.7 million (16.4% margin). Vegetation Management division sales grew 7.0% to $175.4 million but saw adjusted EBITDA decline to $19.6 million (11.2% margin) from 12.7% a year earlier.
3. Acquisition and Liquidity
The Petersen acquisition closed in the quarter and integration efforts are underway. At March 31, total debt was $290.5 million offset by $195.2 million cash, yielding net debt of $95.2 million; the revolving facility had $308.4 million available. Last-twelve-month operating cash flow was $139.8 million (138.2% of net income).