|Company's Full Name:||Alamo Group, Inc.|
|Trading Ticker Symbol:||ALG|
|Headquarter City/Country:||Texas, TX|
|Primary Industry Sector:||Capital Goods|
|Seconday Sub-sector:||Industrial Machinery and Components|
|Main Business Areas:||Capital Goods, Industrial Machinery and Components, Industrials, Farm & Construction Equipment|
|Dividend Payments:||Dividend History|
|Current Share Price:||$113.84|
|Previous Year's Closing Price:||$77.32|
|Percentage Price Change (YTD):||47.23%|
|Market Cap:||$1.33 billion|
|52-week Price Range:||$72.5 - $124.68|
|Dividend Per Share:||$0.46|
Alamo Group Inc., incorporated on October 22, 1987, is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company's products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket. As of December 31, 2016, the Company operated 24 plants in North America, Europe, Australia and Brazil. The Company sells its products through a network of independent dealers and distributors to Governmental end users, related independent contractors, as well as to the agricultural and commercial turf markets. It also offers replacement parts for each of its wholegoods lines. The Company's products are sold through various marketing organizations, and dealer and distributor networks under the Alamo Industrial, Terrain King, Tiger, Gradall, VacAll, Schwarze, Nite-Hawk, Henke, Tenco, Super Products, Wausau-Everest, H.P. Fairfield, Bush Hog, Rhino, Earthmaster, Herschel, Valu-Bilt, Schulte, Superior, Fieldquip, McConnel, Bomford, Spearhead, Herder, Twose, Kellands, SMA, Forges Gorce, Faucheux, Rousseau and Rivard trademarks, as well as other trademarks and trade names.
The Company's Alamo Industrial equipment is sold through independent dealers to governmental end users, related independent contractors and, to a lesser extent, utility and other dealers serving right-of-way maintenance operators and other applications in the United States and other countries. Governmental agencies and contractors that perform services for such agencies purchase primarily hydraulically-powered, tractor-mounted mowers, including boom-mounted mowers, other types of cutters and replacement parts for heavy-duty, intensive use applications, including maintenance around highway, airport, recreational and other public areas. The Company also sells tractors, which are not manufactured by Alamo Industrial.
The Company's Tiger equipment includes heavy duty, tractor-and truck-mounted mowing and vegetation maintenance equipment and replacement parts. Tiger sells to state, county and local governmental entities and related contractors through a network of independent dealers. Tiger's dealer distribution network is independent of Alamo Industrial's dealer distribution network. The Company's Schwarze equipment includes truck-mounted air, mechanical broom, and regenerative air sweepers, pothole patchers and replacement parts. Schwarze sells its products to governmental agencies and independent contractors, either directly or through its independent dealer network. Its Schwarze's sales include truck chassis, which are not manufactured by Schwarze.
Gradall produces a range of excavators based on high-pressure hydraulic telescoping booms, which are sold through dealers to governmental agencies, contractors and to a lesser extent the mining industry, steel mills and other specialty applications in the United States and other countries. Gradall offers products for excavation, grading, shaping and similar tasks involved in land clearing, road building or maintenance. Gradall products are available mounted on various types of undercarriages: wheels for full-speed highway travel, wheels for on/off road use, and crawlers. Its VacAll produces catch basin cleaners and roadway debris vacuum systems. VacAll units are offered for removal of wet and dry debris, spill elimination and cleaning of sludge beds. VacAll also offers a line of sewer cleaners. Its products are sold through dealers to industrial and commercial contractors, as well as governmental agencies.
Nite-Hawk manufactures parking lot sweepers. Nite-Hawk focuses and sells direct to parking lot contractors. Nite-Hawk's sales include truck chassis, which are not manufactured by Nite-Hawk. Its Henke designs and manufactures snow plows and heavy duty snow removal equipment, hitches and attachments for trucks, loaders and graders sold primarily through independent truck and industrial equipment dealers. Henke's primary end users are governmental agencies, related contractors and other industrial users. Tenco designs and manufactures a heavy duty line of snow removal equipment, including snow plows, snow blowers, dump bodies and spreaders. Tenco's products are primarily sold through independent dealers to Governmental agencies, contractors and other industrial users. H. P. Fairfield is a full-service distributor of public works and runway maintenance products, parts and service, whose sales and service outlets are located in the northeast part of the United States. H.P. Fairfield's offerings include custom municipal snow and ice removal equipment, a range of salt spreaders and truck bodies, street sweepers, a line of industrial rotary, flail and boom mowers, solid waste and recycling equipment, water and sewer maintenance equipment, municipal tractors and attachments, and asphalt maintenance patchers.
The Company's Super products produce truck-mounted vacuum trucks, combination sewer cleaners and hydro excavators. Its products are sold to municipalities, utilities and contractors through a nationwide distributor network. As of December 31, 2016, Super Products also operated a network of over five rental stores that provide short and long-term rental contracts for its products. Rental customers are primarily contractors serving the petrochemical, petroleum production and refining industries. A portion of the sales of Super Products includes truck chassis, which are not manufactured by the Company. Its Wausau designs and manufactures a comprehensive range of snow removal and ice control products. Products include snowplows, snow blowers, brooms, deicers, brine sprayers and other related accessories and parts. Wausau sells its products through its dealer network to both governmental and non-governmental end users and sells directly to airports and fixed-base operators. Everest designs and manufactures a range of snow removal and ice control products, including snowplows, wing systems, spreader bodies and other related accessories and parts. Everest also manufactures custom-engineered underground construction forms for vehicular, water/sewage and hydro-electric tunnels.
The Company's Bush Hog, Rhino and Earthmaster equipment are sold to farmers, ranchers and other end users to clear brush, mow grass, maintain pastures and unused farmland, shred crops and till fields, and for haymaking. Bush Hog and Rhino equipment consists of a line of tractor-powered equipment, including rotary mowers, finishing mowers, flail mowers, disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts.
Herschel/Valu-Bilt aftermarket replacement parts are sold for farm equipment and tractors, and certain types of mowing and construction equipment. Herschel products include a range of cutting parts, plain and hard-faced replacement tillage tools, disc blades and fertilizer application components. Herschel replacement tools and parts are sold in the United States, Canada and Mexico to over five customer groups, including farm equipment dealers; fleet stores; wholesale distributors; original equipment manufacturers (OEMs), and construction equipment dealers. The Company's Schulte equipment includes heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment and related replacement parts. Schulte serves both the agricultural and governmental markets primarily in Canada and the United States. Its Fieldquip and Superior sell a range of agricultural equipment specifically, rotary mowers and tractor attachments. Fieldquip sells to large agricultural and commercial operators, and small farm hobbyist and residential users. Superior's customers are agricultural dealers servicing owners and operators in the turf, golf, park and airport industries, and growers with orchards, vineyards and plantations in Australia and the South Pacific.
The Company's McConnel equipment includes a line of hydraulic, boom-mounted hedge and grass cutters, as well as other tractor attachments and implements, such as hydraulic backhoes, cultivators, subsoilers, buckets and other digger implements and related replacement parts. McConnel equipment is sold in the United Kingdom, Ireland and France and in other parts of Europe, and through independent dealers and distributors. The Company's Bomford equipment includes hydraulic, boom-mounted hedge and hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators and related replacement parts. Bomford equipment is sold to governmental agencies, contractors and agricultural end users in the United Kingdom, Ireland and France, and other countries in Europe, North America, Australia and the Far East. Bomford's sales network is similar to that of McConnel in the United Kingdom. Rhino sells some of Bomford's product line in the United States.
The Company's SMA equipment includes hydraulic, boom-mounted hedge and hedgerow cutters and related replacement parts. SMA's principal customers are French local authorities. SMA's product offerings include quick-attach boom mowers manufactured by the Company in the United Kingdom. The Company's Forges Gorce manufactures cutting blades. These are sold to some of the Company's subsidiaries, as well as to other customers. The Company's Faucheux equipment includes front-end loaders, backhoes, attachments and related parts. In addition, Faucheux also markets certain agricultural related products from other company units and third party suppliers.
The Company's Rousseau sells hydraulic and mechanical boom mowers, in France, through its own sales force and dealer distribution network mainly to agricultural and governmental markets. These products have also been introduced into other markets outside of France. The Company's Rivard manufactures vacuum trucks, high-pressure cleaning systems and trenchers. Rivard's equipment is sold in France and certain other markets, mainly in Europe and North Africa, to governmental entities and related contractors. It also complements its product offerings in North America. The Rivard's customers also provide their own truck chassis. Its Kellands equipment includes a range of self-propelled sprayers and various multi-drive load-carrying vehicles. These products are sold through an existing dealer network, as well as various marketing groups within the European Division.
1627 E Walnut St
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