SEGUIN, Texas, Would possibly 8, 2025 /PRNewswire/ — Alamo Crew Inc. (NYSE: ALG) nowadays reported effects for the primary quarter ended March 31, 2025.

Highlights: 

• Internet Gross sales of $391.0 million, ailing 8.1% as opposed to the similar era within the prior 12 months, up 1.5% as opposed to fourth quarter 2024
  • Commercial Apparatus Section internet gross sales of $227.1 million, up 12.5% year-over-year
  • Plants Control Section internet gross sales of $163.9 million, ailing 26.8% year-over-year
• Source of revenue from operations of $44.5 million, 11.4% of internet gross sales – an building up of 40 foundation issues as opposed to the primary quarter of 2024 and 130 foundation issues as opposed to the whole 12 months 2024
• Internet Source of revenue of $31.8 million
• Absolutely diluted EPS higher to $2.64 in step with percentage, an growth of virtually 13.5% in comparison to the fourth quarter of 2024
• Overall debt was once $216.8 million. Overall debt internet of money was once additional diminished to $16.5 million, representing an growth of $183.2 million or 91.7% in comparison to the primary quarter in 2024 ⁽¹⁾
• Backlog on the finish of the primary quarter was once $702.7 million, up 5.1% from year-end 2024
• Trailing twelve-month EBITDA of $217.8 million was once 13.7% of Internet Gross sales ⁽¹⁾

First Quarter Effects

First quarter 2025 internet gross sales of $391.0 million declined 8.1% in comparison to $425.6 million within the first quarter of 2024. Rude benefit of $102.8 million or 26.3% of internet gross sales declined through $8.8 million on account of decrease internet gross sales, then again, rude margin stepped forward through just about 10 foundation issues, in comparison to the similar era of the prior 12 months. The Plants Control Section started to get well as first quarter 2025 working margin of 8.1% mirrored sequential growth of 410 foundation issues, pushed through the associated fee relief movements finished in 2024.  The Commercial Apparatus Section persevered to hold out operational enhancements, and delivered an working margin of 13.7%, representing 130 foundation issues of sequential growth.

Consolidated internet source of revenue was once $31.8 million or $2.64 in step with diluted percentage, in comparison to $32.1 million or $2.67 in step with diluted percentage within the first quarter of 2024.  The Corporate’s backlog on the finish of the primary quarter higher to $702.7 million and rest wholesome. In comparison to the fourth quarter of 2024, Plants Control Section backlog held secure at $189.5 million, past Commercial Apparatus Section backlog higher to $513.2 million.

The Corporate’s stability sheet remained robust. Accounts receivable had been $339.6 million with days gross sales exceptional of 78 days, an growth of 6 days as opposed to the primary quarter of 2024.  Stock was once $356.4 million in comparison to $384.5 million within the first quarter of 2024.  Working money stream was once $14.2 million, to bring about money and money equivalents of $200.3 million on the finish of the primary quarter.

As we stay up for the residue of the 12 months, we think persevered robust call for inside our Commercial Apparatus Section coupled with a go back to tiny expansion inside our Plants Control Section, following the really extensive channel stock de-stocking that came about all over 2024.  As well as, we look forward to stepped forward profitability pushed through the associated fee relief movements that had been applied in 2024.

Feedback on Effects

Jeff Leonard, Alamo Crew’s President and Important Government Officer commented, “The Corporate’s first quarter effects mirrored some other robust efficiency from our Commercial Apparatus Section and remarkable efficiency growth in our Plants Control Section.

First quarter gross sales had been in layout with our expectancies with Commercial Apparatus Section gross sales up just about 13% and Plants Control gross sales nearly 27% less than the primary quarter of 2024. We had been happy that past consolidated internet gross sales had been ailing 8.1% in comparison to the primary quarter of 2024, they had been modestly upper sequentially. 

We had been additionally happy to peer that the advantages from our second-half 2024 price relief efforts had been mirrored in our first quarter 2025 effects.  In comparison to the primary quarter of 2024, rude margin stepped forward nearly 10 foundation issues, SG&A bills declined greater than 10%, and passion expense fell through nearly 50% as our debt persevered to say no.  First quarter working margin of eleven.4% stepped forward 40 foundation issues and 250 foundation issues as in comparison to the primary quarter of 2024 and the fourth quarter of 2024, respectively.  Particularly, those effects constitute the most productive the Corporate has completed because the 3rd quarter of 2023.

The governmental and business contractor markets persevered to show powerful power in spite of doable possibility within the method of price lists and industry disruptions. Commercial Apparatus orders exceeded the robust age prepared within the first quarter of 2024, the most powerful quarter of that 12 months, and had been up just about 59% as opposed to the fourth quarter of 2024. All Commercial product strains reported cast orders, and task in our sweeper and protection staff was once exceptionally robust.  Backlog within the Commercial Apparatus Section was once $513 million, up $31.7 million or 6.6% from the backlog on the finish of 2024.

First quarter orders within the Plants Control Section had been up just about 18% in comparison to the primary quarter of 2024 and had been additionally upper than the fourth quarter of 2024.  We had been happy to notice this certain building in what’s historically a slower quarter on this category. Plants Control backlog of $189.5 million was once ailing 30.3% in comparison to the primary quarter of 2024 however higher for the 3rd consecutive quarter.  In comparison to the primary quarter of 2024, series task was once upper throughout all product strains in North The usa however declined modestly in South The usa and Europe.  Governmental orders for mowers in North The usa had been significantly more potent.

Taking a look forward, the outlook for the upcoming a number of quarters rest cautiously constructive.  Tendencies in our markets all over the primary quarter had been certain total, and we think profitability will have to proceed to enhance as we input the seasonally more potent moment and 3rd quarters.  In the second one quarter, we think to finish capital investments in our North American agricultural apparatus amenities following the plant consolidations that had been performed endmost 12 months.  As a result, within the 3rd quarter of this 12 months we think to peer the whole advantage of the movements we took on the finish of 2024. With emerging backlog, solid to emerging markets, and a meaningfully stepped forward price construction, the near-term potentialities for the Corporate seem encouraging.

We additionally stay conscious of lack of certainty attach to evolving international industry negotiations, and in particular how those tendencies would possibly affect our markets.  We’re intently comparing the results of each current and doable price lists on our markets and operations, and are actively taking steps to mitigate our publicity. Regardless of the near-term volatility, we consider the Corporate is definitely located to additional increase its working margin and leverage our robust stability sheet to boost up each natural and inorganic expansion.”

Income Convention Name

The Corporate will host a convention name to speak about the primary quarter effects on Friday, Would possibly 9, 2025, at 10:00 a.m. ET. Website hosting the decision might be individuals of senior control. Folks wishing to take part within the convention name will have to dial (866) 524-3159 (home) or (412) 317-6759 (global). For people not able to tied the decision, a replay might be to be had till Friday, Would possibly 16, 2025, through dialing (877) 344-7529 (home) or (412) 317-0088 (the world over), passcode 3570057.

The reside broadcast of Alamo Crew Inc.’s quarterly convention name might be to be had on-line on the Corporate’s site, www.alamo-group.com (below “Investor Relations/Events and Presentations”) on Friday, Would possibly 9, 2025, starting at 10:00 a.m. ET. The web replay will apply in a while later the decision ends and might be archived at the Corporate’s site for 60 days.

About Alamo Crew

Alamo Crew is a pacesetter within the design, build, distribution, and repair of top of the range apparatus for plants control, infrastructure repairs and alternative programs. Our merchandise come with truck and tractor fixed mowing and alternative plants repairs apparatus, side road sweepers, snow removing apparatus, excavators, vacuum vans, alternative business apparatus, agricultural implements, forestry apparatus and connected after-market portions and products and services. The Corporate, based in 1969, has roughly 3,750 staff and operates 27 vegetation in North The usa, Europe, Australia, and Brazil as of March 31, 2025. The company places of work of Alamo Crew Inc. are situated in Seguin, Texas.

Ahead Taking a look Statements

This loose accommodates forward-looking statements which are made pursuant to the secure harbor provisions of the Personal Securities Litigation Reform Operate of 1995.  Ahead-looking statements contain identified and unknown dangers and uncertainties, which would possibly purpose the Corporate’s latest leads to life classes to vary materially from forecasted effects.  Amongst the ones components which might purpose latest effects to vary materially are please see:  antagonistic financial statuses which might manage to a discount in total marketplace call for, provide chain disruptions, exertions constraints, expanding prices because of inflation, condition outbreaks, geopolitical dangers, together with price lists, industry wars, and the results of the battle within the Ukraine and the Heart East, pageant, climate, seasonality, currency-related problems, and alternative possibility components indexed from age to age within the Corporate’s SEC experiences.  The Corporate does now not adopt any legal responsibility to replace the tips contained herein, which speaks handiest as of this life.

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Alamo Crew Inc.
Non-GAAP Monetary Measures Reconciliation

From age to age, Alamo Crew Inc. would possibly expose positive “non-GAAP financial measures” throughout its profits releases, profits convention screams, monetary displays and differently.  For those functions, “GAAP” refers to normally permitted accounting ideas in the US.  The Securities and Change Fee (SEC) defines a “non-GAAP financial measure” as a numerical measure of historic or life monetary efficiency, monetary place, or money flows this is topic to changes that successfully exclude or come with quantities from probably the most without delay similar measure calculated and offered based on GAAP.  Non-GAAP monetary measures disclosed through Alamo Crew are equipped as alternative knowledge to buyers to deliver to grant them with larger transparency about, or an extra form for assessing, our monetary situation and working effects.  Those measures aren’t based on, or an alternative to, GAAP and could also be other from, or inconsistent with, non-GAAP monetary measures old through alternative corporations.  Each time we the following a non-GAAP monetary measure, we can additionally normally provide probably the most without delay similar monetary measure calculated and offered based on GAAP, along side a reconciliation of the variations between the non-GAAP monetary measure we reference and such similar GAAP monetary measure.

Attachment 1 discloses Working Source of revenue, Adjusted Internet Source of revenue and Adjusted Diluted EPS,  connected to the affect of non-recurring pieces, of which can be non-GAAP monetary measures. Attachment 2 discloses a non-GAAP monetary presentation connected to the affect of forex translation on internet gross sales through category. Attachment 3 displays the web alternate in our general debt internet of money and profits sooner than passion, taxes, depreciation and amortization (“EBITDA”) which is a non-GAAP monetary measure. The Corporate considers this knowledge helpful to buyers to permit higher comparison of period-to-period working efficiency. Attachment 4 displays Section efficiency inclusive of non-GAAP monetary measures similar to backlog and profits sooner than passion, tax, depreciation and amortization (“EBITDA”).

SOURCE Alamo Crew Inc.