ALG News & Events

Reports Q4 revenue $373.7M, consensus $405.18M. Robert Hureau, Alamo Group's President, and CEO commented, "Fiscal year 2025 was a year of transition as we position our Company for long term growth and success. Over the past few months, we've taken several decisive steps to strengthen our foundation including restructuring certain manufacturing facilities, reshaping the organizational structure, sharpening our commercial and operational priorities, accelerating our M&A engine and setting a clear vision for the future. Despite the challenges in the quarter, I'm excited about where we are taking our company and the success that lies ahead."

Alamo Group announced that it has signed a definitive agreement to acquire Petersen Industries, a manufacturer of truck-mounted grapple loader equipment for a purchase price of $166.5M. The purchase price, which is subject to customary post-closing adjustments, will be financed with a combination of cash on hand and availability under Alamo Group's credit facility. When adjusted for the present value of expected tax benefits, the purchase price is approximately $150M. The price represents approximately 7.9x earnings before interest, taxes, depreciation and amortization, not including expected positive run-rate synergies. Upon closing, Petersen will become part of Alamo Group's Industrial Equipment Division. The company, based in Lake Wales, Florida, achieved annual revenue of approximately $75M in 2024. The Company anticipates completing the transaction during the first quarter of 2026, subject to regulatory approval and customary closing conditions. The acquisition is expected to be accretive to Alamo Group's growth and margins and to deliver solid recurring revenue from its aftermarket parts and services offerings.