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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alamo Group Inc | NYSE:ALG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-5.12 | -2.57% | 194.38 | 201.145 | 193.885 | 199.50 | 148,839 | 22:30:00 |
|
|
PART I.
|
FINANCIAL INFORMATION
|
PAGE
|
|
|
|
|
|
Item 1.
|
Interim Condensed Consolidated Financial Statements (Unaudited)
|
|
|
|
|
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|||
|
|
June 30, 2017 and December 31, 2016
|
|
|
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|
|||
|
|
Three and Six Months Ended June 30, 2017 and June 30, 2016
|
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|
Three and Six Months Ended June 30, 2017 and June 30, 2016
|
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|||
|
|
Six Months Ended June 30, 2017
|
|
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|||
|
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Six Months Ended June 30, 2017 and June 30, 2016
|
|
|
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|||
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Item 2.
|
|||
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Item 3.
|
|||
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Item 4.
|
|||
|
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|
|
PART II.
|
|||
|
|
|
|
Item 1.
|
Legal Proceedings
|
|
|
Item 1A.
|
Risk Factors
|
|
|
Item 2.
|
None
|
|
|
Item 3.
|
None
|
|
|
Item 4.
|
None
|
|
|
Item 5.
|
Other Information
|
|
|
Item 6.
|
Exhibits
|
|
|
|
|
|
|
|
(in thousands, except share amounts)
|
June 30,
2017 |
December 31,
2016 |
||||||||
ASSETS
|
|
|
|
|
|
|
|
|||
Current assets:
|
|
|
|
|
|
|
||||
Cash and cash equivalents
|
|
$
|
74,637
|
|
|
|
$
|
16,793
|
|
|
Accounts receivable, net
|
|
200,223
|
|
|
|
170,329
|
|
|
||
Inventories, net
|
|
153,150
|
|
|
|
135,760
|
|
|
||
Prepaid expenses
|
|
5,487
|
|
|
|
4,725
|
|
|
||
Income tax receivable
|
|
4,493
|
|
|
|
11
|
|
|
||
Total current assets
|
|
437,990
|
|
|
|
327,618
|
|
|
||
|
|
|
|
|
|
|
||||
Rental equipment, net
|
|
31,441
|
|
|
|
30,970
|
|
|
||
|
|
|
|
|
|
|
||||
Property, plant and equipment
|
|
190,228
|
|
|
|
180,041
|
|
|
||
Less: Accumulated depreciation
|
|
(118,995
|
)
|
|
|
(113,412
|
)
|
|
||
|
|
71,233
|
|
|
|
66,629
|
|
|
||
|
|
|
|
|
|
|
||||
Goodwill
|
|
82,430
|
|
|
|
74,825
|
|
|
||
Intangible assets, net
|
|
55,353
|
|
|
|
50,038
|
|
|
||
Deferred income taxes
|
|
652
|
|
|
|
619
|
|
|
||
Other assets
|
|
1,765
|
|
|
|
2,077
|
|
|
||
|
|
|
|
|
|
|
||||
Total assets
|
|
$
|
680,864
|
|
|
|
$
|
552,776
|
|
|
|
|
|
|
|
|
|
||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|||
Current liabilities:
|
|
|
|
|
|
|
|
|||
Trade accounts payable
|
|
$
|
57,164
|
|
|
|
$
|
43,136
|
|
|
Income taxes payable
|
|
2,210
|
|
|
|
2,333
|
|
|
||
Accrued liabilities
|
|
35,994
|
|
|
|
33,158
|
|
|
||
Current maturities of long-term debt and capital lease obligations
|
|
80
|
|
|
|
73
|
|
|
||
Total current liabilities
|
|
95,448
|
|
|
|
78,700
|
|
|
||
|
|
|
|
|
|
|
||||
Long-term debt and capital lease obligations, net of current maturities
|
|
146,017
|
|
|
|
70,017
|
|
|
||
Deferred pension liability
|
|
2,409
|
|
|
|
2,929
|
|
|
||
Other long-term liabilities
|
|
7,407
|
|
|
|
6,969
|
|
|
||
Deferred income taxes
|
|
6,672
|
|
|
|
6,444
|
|
|
||
|
|
|
|
|
|
|
||||
Stockholders’ equity:
|
|
|
|
|
|
|
|
|
||
Common stock, $.10 par value, 20,000,000 shares authorized; 11,562,001 and 11,462,484 outstanding at June 30, 2017 and December 31, 2016, respectively
|
|
1,156
|
|
|
|
1,146
|
|
|
||
Additional paid-in-capital
|
|
102,355
|
|
|
|
99,765
|
|
|
||
Treasury stock, at cost; 42,600 shares at June 30, 2017 and December 31, 2016
|
|
(426
|
)
|
|
|
(426
|
)
|
|
||
Retained earnings
|
|
357,163
|
|
|
|
334,988
|
|
|
||
Accumulated other comprehensive loss, net
|
|
(37,337
|
)
|
|
|
(47,756
|
)
|
|
||
Total stockholders’ equity
|
|
422,911
|
|
|
|
387,717
|
|
|
||
|
|
|
|
|
|
|
||||
Total liabilities and stockholders’ equity
|
|
$
|
680,864
|
|
|
|
$
|
552,776
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||||||
(in thousands, except per share amounts)
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
|
|
|
|
|
|
|
|
|
|||||||
Net sales:
|
|
|
|
|
|
|
|
|
|||||||
Industrial
|
$
|
117,342
|
|
|
$
|
117,146
|
|
|
$
|
243,158
|
|
|
$
|
240,424
|
|
Agricultural
|
54,221
|
|
|
51,845
|
|
|
105,998
|
|
|
100,507
|
|
||||
European
|
41,713
|
|
|
42,498
|
|
|
79,509
|
|
|
81,529
|
|
||||
Total net sales
|
213,276
|
|
|
211,489
|
|
|
428,665
|
|
|
422,460
|
|
||||
Cost of sales
|
158,597
|
|
|
159,311
|
|
|
319,822
|
|
|
320,005
|
|
||||
Gross profit
|
54,679
|
|
|
52,178
|
|
|
108,843
|
|
|
102,455
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Selling, general and administrative expenses
|
34,522
|
|
|
34,137
|
|
|
68,585
|
|
|
68,125
|
|
||||
Income from operations
|
20,157
|
|
|
18,041
|
|
|
40,258
|
|
|
34,330
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Interest expense
|
(1,500
|
)
|
|
(1,523
|
)
|
|
(2,827
|
)
|
|
(2,929
|
)
|
||||
Interest income
|
81
|
|
|
56
|
|
|
157
|
|
|
118
|
|
||||
Other income (expense), net
|
(665
|
)
|
|
242
|
|
|
(873
|
)
|
|
(380
|
)
|
||||
Income before income taxes
|
18,073
|
|
|
16,816
|
|
|
36,715
|
|
|
31,139
|
|
||||
Provision for income taxes
|
5,757
|
|
|
6,254
|
|
|
12,232
|
|
|
11,918
|
|
||||
Net Income
|
$
|
12,316
|
|
|
$
|
10,562
|
|
|
$
|
24,483
|
|
|
$
|
19,221
|
|
|
|
|
|
|
|
|
|
||||||||
Net income per common share:
|
|
|
|
|
|
|
|
|
|
||||||
Basic
|
$
|
1.07
|
|
|
$
|
0.93
|
|
|
$
|
2.13
|
|
|
$
|
1.69
|
|
Diluted
|
$
|
1.05
|
|
|
$
|
0.92
|
|
|
$
|
2.10
|
|
|
$
|
1.67
|
|
Average common shares:
|
|
|
|
|
|
|
|
||||||||
Basic
|
11,547
|
|
|
11,422
|
|
|
11,509
|
|
|
11,405
|
|
||||
Diluted
|
11,671
|
|
|
11,550
|
|
|
11,646
|
|
|
11,529
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Dividends declared
|
$
|
0.10
|
|
|
$
|
0.09
|
|
|
$
|
0.20
|
|
|
$
|
0.18
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||||||
(in thousands)
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||||
Net Income
|
|
$
|
12,316
|
|
|
$
|
10,562
|
|
|
$
|
24,483
|
|
|
$
|
19,221
|
|
||
Other comprehensive income:
|
|
|
|
|
|
|
|
|
||||||||||
|
Foreign currency translation adjustments
|
|
7,098
|
|
|
(7,140
|
)
|
|
10,144
|
|
|
(3,581
|
)
|
|||||
|
Net gain on pension and other postretirement benefits
|
|
217
|
|
|
268
|
|
|
434
|
|
|
533
|
|
|||||
|
Other comprehensive income (loss) before income tax expense
|
|
7,315
|
|
|
(6,872
|
)
|
|
10,578
|
|
|
(3,048
|
)
|
|||||
|
Income tax expense related to items of other comprehensive loss
|
|
(80
|
)
|
|
(98
|
)
|
|
(159
|
)
|
|
(197
|
)
|
|||||
|
Other comprehensive income (loss)
|
|
7,235
|
|
|
(6,970
|
)
|
|
10,419
|
|
|
(3,245
|
)
|
|||||
Comprehensive Income
|
|
$
|
19,551
|
|
|
$
|
3,592
|
|
|
$
|
34,902
|
|
|
$
|
15,976
|
|
|
Common Stock
|
Additional
Paid-in Capital
|
Treasury Stock
|
Retained Earnings
|
Accumulated
Other
Comprehensive Loss
|
Total Stock-
holders’ Equity
|
||||||||||||||||||||||
(in thousands)
|
Shares
|
Amount
|
||||||||||||||||||||||||||
Balance at December 31, 2016
|
11,420
|
|
$
|
1,146
|
|
|
$
|
99,765
|
|
|
|
$
|
(426
|
)
|
|
|
$
|
334,988
|
|
|
|
$
|
(47,756
|
)
|
|
$
|
387,717
|
|
Net income
|
—
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
|
24,483
|
|
|
|
—
|
|
|
24,483
|
|
||||||
Adoption of new accounting standard
|
—
|
|
—
|
|
|
11
|
|
|
|
—
|
|
|
|
(11
|
)
|
|
|
—
|
|
|
—
|
|
||||||
Translation adjustment
|
—
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
10,144
|
|
|
10,144
|
|
||||||
Net actuarial gain arising during period
|
—
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
275
|
|
|
275
|
|
||||||
Stock-based compensation
|
—
|
|
—
|
|
|
774
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
774
|
|
||||||
Exercise of stock options
|
99
|
|
10
|
|
|
1,971
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
1,981
|
|
||||||
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation
|
—
|
|
—
|
|
|
(166
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
(166
|
)
|
||||||
Dividends paid ($.20 per share)
|
—
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
|
(2,297
|
)
|
|
|
—
|
|
|
(2,297
|
)
|
||||||
Balance at June 30, 2017
|
11,519
|
|
$
|
1,156
|
|
|
$
|
102,355
|
|
|
|
$
|
(426
|
)
|
|
|
$
|
357,163
|
|
|
|
$
|
(37,337
|
)
|
|
$
|
422,911
|
|
|
Six Months Ended
June 30, |
||||||
(in thousands)
|
2017
|
|
2016
|
||||
Operating Activities
|
|
|
|
||||
Net income
|
$
|
24,483
|
|
|
$
|
19,221
|
|
Adjustment to reconcile net income to net cash used in operating activities:
|
|
|
|
||||
Provision for doubtful accounts
|
(87
|
)
|
|
172
|
|
||
Depreciation - PP&E
|
5,560
|
|
|
5,712
|
|
||
Depreciation - Rental
|
2,804
|
|
|
3,443
|
|
||
Amortization of intangibles
|
1,554
|
|
|
1,549
|
|
||
Amortization of debt issuance costs
|
110
|
|
|
106
|
|
||
Stock-based compensation expense
|
774
|
|
|
724
|
|
||
Provision for deferred income tax expense (benefit)
|
(20
|
)
|
|
262
|
|
||
Gain on sale of property, plant and equipment
|
(238
|
)
|
|
(239
|
)
|
||
Changes in operating assets and liabilities, net of amounts acquired:
|
|
|
|
||||
Accounts receivable
|
(23,519
|
)
|
|
(20,149
|
)
|
||
Inventories
|
(4,436
|
)
|
|
(9,519
|
)
|
||
Rental equipment
|
(3,275
|
)
|
|
153
|
|
||
Prepaid expenses and other assets
|
1,012
|
|
|
(1,895
|
)
|
||
Trade accounts payable and accrued liabilities
|
11,621
|
|
|
5,736
|
|
||
Income taxes payable
|
(4,226
|
)
|
|
(193
|
)
|
||
Other long-term liabilities
|
305
|
|
|
(83
|
)
|
||
Net cash provided by operating activities
|
12,422
|
|
|
5,000
|
|
||
|
|
|
|
||||
Investing Activities
|
|
|
|
|
|
||
Acquisitions, net of cash acquired
|
(26,440
|
)
|
|
(188
|
)
|
||
Purchase of property, plant and equipment
|
(6,268
|
)
|
|
(6,191
|
)
|
||
Proceeds from sale of property, plant and equipment
|
417
|
|
|
500
|
|
||
Net cash used in investing activities
|
(32,291
|
)
|
|
(5,879
|
)
|
||
|
|
|
|
||||
Financing Activities
|
|
|
|
|
|
||
Borrowings on bank revolving credit facility
|
109,000
|
|
|
49,000
|
|
||
Repayments on bank revolving credit facility
|
(33,000
|
)
|
|
(29,000
|
)
|
||
Principal payments on long-term debt and capital leases
|
—
|
|
|
(10
|
)
|
||
Proceeds from issuance of debt
|
—
|
|
|
918
|
|
||
Dividends paid
|
(2,297
|
)
|
|
(2,051
|
)
|
||
Proceeds from sale of common stock
|
1,981
|
|
|
998
|
|
||
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation
|
(166
|
)
|
|
(19
|
)
|
||
Net cash provided by financing activities
|
75,518
|
|
|
19,836
|
|
||
|
|
|
|
||||
Effect of exchange rate changes on cash and cash equivalents
|
2,195
|
|
|
(907
|
)
|
||
Net change in cash and cash equivalents
|
57,844
|
|
|
18,050
|
|
||
Cash and cash equivalents at beginning of the period
|
16,793
|
|
|
26,922
|
|
||
Cash and cash equivalents at end of the period
|
$
|
74,637
|
|
|
$
|
44,972
|
|
|
|
|
|
||||
Cash paid during the period for:
|
|
|
|
|
|
||
Interest
|
$
|
3,131
|
|
|
$
|
2,918
|
|
Income taxes
|
16,444
|
|
|
11,725
|
|
Accounts receivable
|
1,690
|
|
Inventory
|
8,563
|
|
Property, plant & equipment
|
959
|
|
Intangible assets
|
4,500
|
|
Other liabilities assumed
|
(1,041
|
)
|
|
|
|
Net assets assumed
|
14,671
|
|
|
|
|
Goodwill
|
3,000
|
|
Acquisition Price
|
17,671
|
|
(in thousands)
|
June 30,
2017 |
December 31,
2016 |
||||||||
|
|
|
|
|
|
|
||||
Finished goods
|
|
$
|
132,238
|
|
|
|
$
|
116,667
|
|
|
Work in process
|
|
8,940
|
|
|
|
9,431
|
|
|
||
Raw materials
|
|
11,972
|
|
|
|
9,662
|
|
|
||
Total inventory
|
|
$
|
153,150
|
|
|
|
$
|
135,760
|
|
|
(in thousands)
|
Estimated Useful Lives
|
June 30,
2017 |
December 31, 2016
|
||||||||
Definite:
|
|
|
|
|
|
|
|
||||
Trade names and trademarks
|
25 years
|
|
$
|
25,288
|
|
|
|
$
|
21,914
|
|
|
Customer and dealer relationships
|
14 years
|
|
32,335
|
|
|
|
28,822
|
|
|
||
Patents and drawings
|
3-12 years
|
|
1,974
|
|
|
|
1,954
|
|
|
||
Total at cost
|
|
|
59,597
|
|
|
|
52,690
|
|
|
||
Less accumulated amortization
|
|
|
(9,744
|
)
|
|
|
(8,152
|
)
|
|
||
Total net
|
|
|
49,853
|
|
|
|
44,538
|
|
|
||
Indefinite:
|
|
|
|
|
|
|
|
||||
Trade names and trademarks
|
|
|
5,500
|
|
|
|
5,500
|
|
|
||
Total Intangible Assets
|
|
|
$
|
55,353
|
|
|
|
$
|
50,038
|
|
|
(in thousands) |
June 30,
2017 |
December 31,
2016 |
||||||||
Current Maturities:
|
|
|
|
|
|
|
||||
Other notes payable
|
|
$
|
80
|
|
|
|
$
|
73
|
|
|
|
|
80
|
|
|
|
73
|
|
|
||
Long-term debt:
|
|
|
|
|
|
|
||||
Bank revolving credit facility
|
|
146,000
|
|
|
|
70,000
|
|
|
||
Other notes payable
|
|
17
|
|
|
|
17
|
|
|
||
|
|
146,017
|
|
|
|
70,017
|
|
|
||
Total debt
|
|
$
|
146,097
|
|
|
|
$
|
70,090
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||||||
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Dividends declared
|
$
|
0.10
|
|
|
$
|
0.09
|
|
|
$
|
0.20
|
|
|
$
|
0.18
|
|
Dividends paid
|
$
|
0.10
|
|
|
$
|
0.09
|
|
|
$
|
0.20
|
|
|
$
|
0.18
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||||||
(In thousands, except per share)
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Net Income
|
$
|
12,316
|
|
|
$
|
10,562
|
|
|
$
|
24,483
|
|
|
$
|
19,221
|
|
Average Common Shares:
|
|
|
|
|
|
|
|
||||||||
Basic (weighted-average outstanding shares)
|
11,547
|
|
|
11,422
|
|
|
11,509
|
|
|
11,405
|
|
||||
Dilutive potential common shares from stock options
|
124
|
|
|
128
|
|
|
137
|
|
|
124
|
|
||||
Diluted (weighted-average outstanding shares)
|
11,671
|
|
|
11,550
|
|
|
11,646
|
|
|
11,529
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Basic earnings per share
|
$
|
1.07
|
|
|
$
|
0.93
|
|
|
$
|
2.13
|
|
|
$
|
1.69
|
|
Diluted earnings per share
|
$
|
1.05
|
|
|
$
|
0.92
|
|
|
$
|
2.10
|
|
|
$
|
1.67
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||||||
(in thousands)
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||||||
Net Sales
|
|
|
|
|
|
|
|
||||||||
Industrial
|
$
|
117,342
|
|
|
$
|
117,146
|
|
|
$
|
243,158
|
|
|
$
|
240,424
|
|
Agricultural
|
54,221
|
|
|
51,845
|
|
|
105,998
|
|
|
100,507
|
|
||||
European
|
41,713
|
|
|
42,498
|
|
|
79,509
|
|
|
81,529
|
|
||||
Consolidated
|
$
|
213,276
|
|
|
$
|
211,489
|
|
|
$
|
428,665
|
|
|
$
|
422,460
|
|
|
|
|
|
|
|
|
|
||||||||
Income from Operations
|
|
|
|
|
|
|
|
|
|
||||||
Industrial
|
$
|
10,949
|
|
|
$
|
9,171
|
|
|
$
|
23,412
|
|
|
$
|
20,698
|
|
Agricultural
|
5,811
|
|
|
6,048
|
|
|
10,627
|
|
|
8,807
|
|
||||
European
|
3,397
|
|
|
2,822
|
|
|
6,219
|
|
|
4,825
|
|
||||
Consolidated
|
$
|
20,157
|
|
|
$
|
18,041
|
|
|
$
|
40,258
|
|
|
$
|
34,330
|
|
(in thousands)
|
June 30, 2017
|
|
December 31, 2016
|
||||
Goodwill
|
|
|
|
||||
Industrial
|
$
|
59,643
|
|
|
$
|
56,447
|
|
Agricultural
|
6,786
|
|
|
3,489
|
|
||
European
|
16,001
|
|
|
14,889
|
|
||
Consolidated
|
$
|
82,430
|
|
|
$
|
74,825
|
|
|
|
|
|
||||
Total Identifiable Assets
|
|
|
|
||||
Industrial
|
$
|
371,769
|
|
|
$
|
339,064
|
|
Agricultural
|
153,889
|
|
|
111,120
|
|
||
European
|
155,206
|
|
|
102,592
|
|
||
Consolidated
|
$
|
680,864
|
|
|
$
|
552,776
|
|
|
Six Months Ended June 30, 2017
|
|||||||||||||
(in thousands)
|
Hourly Employees’
Pension Plan
|
Employees’
Retirement Plan
|
|
Total
|
||||||||||
Service cost
|
|
$
|
—
|
|
|
|
$
|
2
|
|
|
|
$
|
2
|
|
Interest cost
|
|
—
|
|
|
|
416
|
|
|
|
416
|
|
|||
Expected return on plan assets
|
|
—
|
|
|
|
(637
|
)
|
|
|
(637
|
)
|
|||
Amortization of net loss
|
|
—
|
|
|
|
216
|
|
|
|
216
|
|
|||
Net periodic benefit
|
|
$
|
—
|
|
|
|
$
|
(3
|
)
|
|
|
$
|
(3
|
)
|
|
Six Months Ended June 30, 2016
|
|||||||||||||
(in thousands)
|
Hourly Employees’
Pension Plan
|
Employees’
Retirement Plan
|
|
Total
|
||||||||||
Service cost
|
|
$
|
4
|
|
|
|
$
|
2
|
|
|
|
$
|
6
|
|
Interest cost
|
|
200
|
|
|
|
444
|
|
|
|
644
|
|
|||
Expected return on plan assets
|
|
(324
|
)
|
|
|
(598
|
)
|
|
|
(922
|
)
|
|||
Amortization of net loss
|
|
142
|
|
|
|
220
|
|
|
|
362
|
|
|||
Net periodic benefit cost
|
|
$
|
22
|
|
|
|
$
|
68
|
|
|
|
$
|
90
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||
As a
Percent of Net Sales
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||
|
|
|
|
|
|
|
|
|
|
||
Industrial
|
55.0
|
%
|
|
55.4
|
%
|
|
56.7
|
%
|
|
56.9
|
%
|
Agricultural
|
25.4
|
%
|
|
24.5
|
%
|
|
24.7
|
%
|
|
23.8
|
%
|
European
|
19.6
|
%
|
|
20.1
|
%
|
|
18.6
|
%
|
|
19.3
|
%
|
Total sales, net
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
||||||||
Cost Trends and Profit Margin, as
Percentages of Net Sales
|
2017
|
|
2016
|
|
2017
|
|
2016
|
||||
|
|
|
|
|
|
|
|
||||
Gross profit
|
25.6
|
%
|
|
24.7
|
%
|
|
25.4
|
%
|
|
24.3
|
%
|
Income from operations
|
9.5
|
%
|
|
8.5
|
%
|
|
9.4
|
%
|
|
8.1
|
%
|
Income before income taxes
|
8.5
|
%
|
|
8.0
|
%
|
|
8.6
|
%
|
|
7.4
|
%
|
Net income
|
5.8
|
%
|
|
5.0
|
%
|
|
5.7
|
%
|
|
4.5
|
%
|
31.1
|
—
|
Certification by Ronald A. Robinson under Section 302 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
31.2
|
—
|
Certification by Dan E. Malone under Section 302 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
31.3
|
—
|
Certification by Richard J. Wehrle under Section 302 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
32.1
|
—
|
Certification by Ronald A. Robinson under Section 906 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
32.2
|
—
|
Certification by Dan E. Malone under Section 906 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
32.3
|
—
|
Certification by Richard J. Wehrle under Section 906 of the Sarbanes-Oxley Act of 2002
|
|
Filed Herewith
|
101.INS
|
—
|
XBRL Instance Document
|
|
Filed Herewith
|
101.SCH
|
—
|
XBRL Taxonomy Extension Schema Document
|
|
Filed Herewith
|
101.CAL
|
—
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
Filed Herewith
|
101.DEF
|
—
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
Filed Herewith
|
101.LAB
|
—
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
Filed Herewith
|
101.PRE
|
—
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
Filed Herewith
|
August 2, 2017
|
Alamo Group Inc.
|
|
(Registrant)
|
|
|
|
/s/ Ronald A. Robinson
|
|
Ronald A. Robinson
|
|
President & Chief Executive Officer
|
|
/s/ Dan E. Malone
|
|
Dan E. Malone
|
|
Executive Vice President & Chief Financial Officer
|
|
(Principal Financial Officer)
|
|
/s/ Richard J. Wehrle
|
|
Richard J. Wehrle
|
|
Vice President & Corporate Controller
|
|
(Principal Accounting Officer)
|
1 Year Alamo Chart |
1 Month Alamo Chart |
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