ALAMO GROUP INC (ALG) FY2025 10-K Annual Report

Filed: Mar 2, 2026
Industrials
Farm Machinery & EquipmentSEC EDGAR

ALAMO GROUP INC (ALG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

ALAMO GROUP INC FY2025 10-K Analysis

Business Overview

  • Core business: Manufacture and sale of industrial and vegetation management equipment through Industrial Equipment and Vegetation Management Divisions
  • New emphasis on highway safety segment via 2023 Royal Truck & Equipment acquisition, expanding into highway attenuator trucks and specialty vehicles
  • Strategic realignment since 2021 with operating segments redefined from Industrial and Agricultural to Industrial Equipment and Vegetation Management for synergy and growth
  • Workforce stable at approximately 3,800 employees across 27 manufacturing facilities in North America, Europe, Brazil, and Australia
  • Unique 2025 acquisition of Ring-O-Matic, enhancing industrial vacuum excavation product portfolio complementary to existing excavation and vacuum offerings

Management Discussion & Analysis

  • Revenue $1,603.7M, down 1.5% YoY ($24.8M decrease) due to 16.7% decline in Vegetation Management sales partially offset by 12.6% rise in Industrial Equipment
  • Operating margin 9.5% vs 10.1% YoY; Vegetation Management income from operations fell 59%, Industrial Equipment income rose 19%
  • Best segment Industrial Equipment: net sales $949.7M (+12.6%) and 19% increase in income from operations; worst Vegetation Management: net sales $654.1M (-16.7%), 59% income decline
  • Operating cash flow $177.5M vs $209.8M; capex $30.6M vs $25.0M; financing cash use $30.8M, higher dividends offset by lower contingent consideration payments
  • 2026 outlook: expect temporary inefficiencies and one-time relocation costs, cost inflation modestly rising but still challenged by tariffs and supply chain risks

Risk Factors

  • Board oversight of cybersecurity risk, with quarterly updates and annual control assessments provided to the Audit Committee
  • Cybersecurity management led by ITSC including CEO, division EVP's, CFO, focusing on material threat assessment and initiative prioritization
  • IT team led by VP of IT and Digital Transformation handling daily cybersecurity monitoring and incident response with CISSP certified members

ALAMO GROUP INC FY2025 Key Financial Metrics
XBRL

Revenue

$1.6B

-1.5% YoY

Net Income

$104M

-10.5% YoY

Gross Margin

24.8%

-52bp YoY

Operating Margin

9.5%

-67bp YoY

Net Margin

6.5%

-65bp YoY

ROE

9.0%

-235bp YoY

Total Assets

$1.6B

+10.8% YoY

EPS (Diluted)

$8.59

-10.8% YoY

Operating Cash Flow

$178M

-15.4% YoY

Source: XBRL data from ALAMO GROUP INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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