On Yesterday , Shares of Alamo Group Inc. (NYSE: ALG) price closed at $99.36 in the trading session. After opening the first trading session at $97.73 , it registered a day’s high of $99.53 and touched a day’s low of $96.76. The last trade was registered at price of $97.43 and volume was 75,386 as compared to it’s an average volume of 68,973 .

Alamo Group Inc. (NYSE: ALG) recently stated results for the 1st quarter ended March 31, 2019.

Alamo Group’s net sales for the first quarter of 2019 were $261.9M contrast to net sales of $238.1M in the first quarter of 2018, a raise of 10.0%.  Net income for the quarter was $15.3M, or $1.30 per diluted share, contrast to net income of $14.6M, or $1.24 per diluted share in the first quarter of 2018, a raise of 4.6% in net income and 4.8% in net income per diluted share.

Acquisition of Dutch Power affects the results for the 1st quarter which was completed in March, 2019.  During the brief portion of the first quarter Dutch Power was part of Alamo Group, it contributed $3.6M to net sales and $0.2M to net income. There is one level of record in between Net sales and net income for the first quarter with and without the contributions from Dutch Power for Alamo Group both.

Results by Division

Net sales for Alamo’s Industrial Division in the first quarter of 2019 were $158.4M, a raise of 19.9% contrast to net sales of $132.2M in the first quarter of 2018.  The Division’s income from operations for the quarter was $16.5M, contrast to $11.8M in the previous year’s first quarter, a raise of 39.6%.

The Company’s Agricultural Division net sales in the first quarter were $53.2M, contrast to net sales of $58.6M in in the first quarter of 2018, a decrease of 9.3%.  Income from operations for the quarter was $2.2M contrast to $5.3M in the first quarter of 2018, a decrease of 58.7%.

Alamo’s European Division net sales in the first quarter were $50.3M, contrast to net sales of $47.3M in the in the first quarter of 2018, a raise of 6.5%.  Income from operations for the quarter was $4.0M versus $4.3M in the first quarter of 2018, a decrease of 8.0%.