Alamo Group (ALG) FY2016 results: revenue $845 million, down 4.0% on the year
Alamo Group Inc. (ALG) reported revenue of $845 million for fiscal 2016, the year ended 31 December 2016, down 4.0% on the year before. Net income was $40 million, down 7.3%, and diluted earnings per share $3.46. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2017.
Revenue
$845 million
-4.0% on the year
FY2009FY2016
Operating margin
8.0%
7.6% a year earlier
FY2009FY2016
Net income
$40 million
-7.3% on the year
FY2009FY2016
Diluted EPS
$3.46
-8.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
845
880
839
-4.0%
Cost of revenue
640
677
650
-5.5%
Gross profit
205
202
189
+1.3%
Gross margin
24.3%
23.0%
22.6%
Selling, general and administrative
137
136
127
+1.1%
Operating income
67.6
66.5
62.7
+1.6%
Operating margin
8.0%
7.6%
7.5%
Interest expense
5.9
6.7
4.0
-12.0%
Pre-tax income
62.2
66.9
60.6
-7.0%
Income tax
22.1
23.7
19.5
-6.4%
Effective tax rate
35.6%
35.4%
32.1%
Net income
40.0
43.2
41.2
-7.3%
Net margin
4.7%
4.9%
4.9%
Diluted EPS
$3.46
$3.76
$3.42
-8.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
75.8
52.4
30.2
+44.6%
Capital expenditure
9.7
15.5
9.8
-37.3%
Free cash flow
66.1
36.9
20.4
+78.9%
Free cash flow margin
7.8%
4.2%
2.4%
Cash from investing
-8.7
-14.7
-205
Cash from financing
-77.3
-48.1
153
Depreciation and amortisation
14.4
14.5
12.7
-0.8%
Share-based compensation
1.4
1.1
2.0
+33.8%
Buybacks
0.0
0.0
0.0
Dividends paid
4.1
3.6
3.3
+13.4%
Dividend per share
$0.36
$0.32
$0.28
+12.5%
Diluted shares, weighted
12m
11m
12m
+0.7%
Shares outstanding at period end
11m
11m
11m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
388
360
338
+7.6%
Debt
70.1
144
191
-51.4%
Other liabilities
95.0
99.0
105
-4.0%
Total liabilities and equity
553
604
633
-8.4%
Fixed assets
66.6
71.0
71.2
-6.1%
Goodwill
74.8
75.5
75.7
-0.9%
Intangible assets
50.0
53.0
57.0
-5.5%
Cash and equivalents
16.8
26.9
39.5
-37.6%
Receivables
170
178
175
-4.5%
Inventory
136
151
166
-9.9%
Other assets
38.4
48.1
48.4
-20.2%
Total assets
553
604
633
-8.4%
10-K for the year ended 31 December 2016, filed 7 March 2017: the filing.