Alamo Group (ALG) FY2017 results: revenue $912 million, up 8.0% on the year
Alamo Group Inc. (ALG) reported revenue of $912 million for fiscal 2017, the year ended 31 December 2017, up 8.0% on the year before. Net income was $44 million, up 10.7%, and diluted earnings per share $3.79. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$912 million
+8.0% on the year
FY2010FY2017
Operating margin
9.7%
8.0% a year earlier
FY2010FY2017
Net income
$44 million
+10.7% on the year
FY2010FY2017
Diluted EPS
$3.79
+9.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
912
845
880
+8.0%
Cost of revenue
678
640
677
+5.9%
Gross profit
235
205
202
+14.4%
Gross margin
25.7%
24.3%
23.0%
Selling, general and administrative
143
137
136
+3.8%
Operating income
88.7
67.6
66.5
+31.2%
Operating margin
9.7%
8.0%
7.6%
Interest expense
4.8
5.9
6.7
-18.2%
Pre-tax income
82.4
62.2
66.9
+32.4%
Income tax
38.1
22.1
23.7
+71.8%
Effective tax rate
46.2%
35.6%
35.4%
Net income
44.3
40.0
43.2
+10.7%
Net margin
4.9%
4.7%
4.9%
Diluted EPS
$3.79
$3.46
$3.76
+9.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
70.8
75.8
52.4
-6.6%
Capital expenditure
13.5
9.7
15.5
+38.9%
Free cash flow
57.3
66.1
36.9
-13.3%
Free cash flow margin
6.3%
7.8%
4.2%
Cash from investing
-51.3
-8.7
-14.7
Cash from financing
-12.4
-77.3
-48.1
Depreciation and amortisation
14.9
14.4
14.5
+3.9%
Share-based compensation
1.9
1.4
1.1
+32.2%
Buybacks
0.2
0.0
0.0
+773.7%
Dividends paid
4.6
4.1
3.6
+12.2%
Dividend per share
$0.40
$0.36
$0.32
+11.1%
Diluted shares, weighted
12m
12m
11m
+1.0%
Shares outstanding at period end
12m
11m
11m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
449
388
360
+15.8%
Debt
60.1
70.1
144
-14.3%
Other liabilities
130
95.0
99.0
+37.4%
Total liabilities and equity
640
553
604
+15.7%
Fixed assets
76.7
66.6
71.0
+15.1%
Goodwill
84.8
74.8
75.5
+13.3%
Intangible assets
52.9
50.0
53.0
+5.7%
Cash and equivalents
25.4
16.8
26.9
+51.1%
Receivables
206
170
178
+20.8%
Inventory
156
136
151
+14.6%
Other assets
38.7
38.4
48.1
+0.7%
Total assets
640
553
604
+15.7%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.