Alamo Group (ALG) FY2014 results: revenue $839 million, up 23.0% on the year
Alamo Group Inc. (ALG) reported revenue of $839 million for fiscal 2014, the year ended 31 December 2014, up 23.0% on the year before. Net income was $41 million, up 14.0%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2015.
Revenue
$839 million
+23.0% on the year
FY2009FY2014
Operating margin
7.5%
7.4% a year earlier
FY2009FY2014
Net income
$41 million
+14.0% on the year
FY2009FY2014
Diluted EPS
$3.42
+15.5% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
839
682
633
+23.0%
Cost of revenue
650
524
490
+24.1%
Gross profit
189
159
144
+19.4%
Gross margin
22.6%
23.2%
22.7%
Selling, general and administrative
127
108
97.5
+17.4%
Operating income
62.7
50.7
45.3
+23.5%
Operating margin
7.5%
7.4%
7.2%
Interest expense
4.0
1.2
1.6
+247.7%
Pre-tax income
60.6
51.4
43.4
+17.9%
Income tax
19.5
15.3
14.5
+27.2%
Effective tax rate
32.1%
29.8%
33.5%
Net income
41.2
36.1
28.9
+14.0%
Net margin
4.9%
5.3%
4.6%
Diluted EPS
$3.42
$2.96
$2.40
+15.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
30.2
31.6
51.3
-4.5%
Capital expenditure
9.8
13.6
4.7
-28.1%
Free cash flow
20.4
18.0
46.6
+13.4%
Free cash flow margin
2.4%
2.6%
7.4%
Cash from investing
-205
-14.2
-4.1
Cash from financing
153
-2.5
-9.9
Depreciation and amortisation
12.7
8.9
9.9
+42.2%
Share-based compensation
2.0
1.5
0.9
+32.3%
Buybacks
0.0
0.0
0.0
Dividends paid
3.3
3.4
2.9
-1.3%
Dividend per share
$0.28
$0.24
$0.24
+16.7%
Diluted shares, weighted
12m
12m
12m
-1.4%
Shares outstanding at period end
11m
12m
12m
-6.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
338
350
310
-3.7%
Debt
191
0.4
0.1
+44,426.9%
Other liabilities
105
87.6
93.9
+19.5%
Total liabilities and equity
633
438
404
+44.3%
Fixed assets
71.2
61.9
56.8
+15.0%
Goodwill
75.7
32.1
31.6
+136.0%
Intangible assets
57.0
5.5
5.5
+936.1%
Cash and equivalents
39.5
64.0
48.3
-38.2%
Receivables
175
151
140
+15.6%
Inventory
166
109
109
+52.2%
Other assets
48.4
14.5
13.1
+233.0%
Total assets
633
438
404
+44.3%
10-K for the year ended 31 December 2014, filed 6 March 2015: the filing.