Alamo Group (ALG) FY2018 results: revenue $1.0 billion, up 10.6% on the year
Alamo Group Inc. (ALG) reported revenue of $1.0 billion for fiscal 2018, the year ended 31 December 2018, up 10.6% on the year before. Net income was $73 million, up 65.8%, and diluted earnings per share $6.25. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.0 billion
+10.6% on the year
FY2011FY2018
Operating margin
10.0%
9.7% a year earlier
FY2011FY2018
Net income
$73 million
+65.8% on the year
FY2011FY2018
Diluted EPS
$6.25
+64.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,009
912
845
+10.6%
Cost of revenue
753
678
640
+11.1%
Gross profit
256
235
205
+9.1%
Gross margin
25.4%
25.7%
24.3%
Selling, general and administrative
152
143
137
+6.2%
Operating income
101
88.7
67.6
+13.9%
Operating margin
10.0%
9.7%
8.0%
Interest expense
5.5
4.8
5.9
+13.5%
Pre-tax income
94.5
82.4
62.2
+14.8%
Income tax
21.0
38.1
22.1
-44.7%
Effective tax rate
22.3%
46.2%
35.6%
Net income
73.5
44.3
40.0
+65.8%
Net margin
7.3%
4.9%
4.7%
Diluted EPS
$6.25
$3.79
$3.46
+64.9%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
12.9
70.8
75.8
-81.8%
Capital expenditure
26.6
13.5
9.7
+97.1%
Free cash flow
-13.7
57.3
66.1
Free cash flow margin
-1.4%
6.3%
7.8%
Cash from investing
-25.4
-51.3
-8.7
Cash from financing
22.2
-12.4
-77.3
Depreciation and amortisation
16.4
14.9
14.4
+9.8%
Share-based compensation
2.5
1.9
1.4
+31.1%
Buybacks
0.4
0.2
0.0
+162.7%
Dividends paid
5.1
4.6
4.1
+11.1%
Dividend per share
$0.44
$0.40
$0.36
+10.0%
Diluted shares, weighted
12m
12m
12m
+0.7%
Shares outstanding at period end
12m
12m
11m
+0.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
515
449
388
+14.8%
Debt
85.1
60.1
70.1
+41.7%
Other liabilities
121
130
95.0
-7.1%
Total liabilities and equity
722
640
553
+12.8%
Fixed assets
87.2
76.7
66.6
+13.8%
Goodwill
83.2
84.8
74.8
-1.8%
Intangible assets
48.9
52.9
50.0
-7.6%
Cash and equivalents
34.0
25.4
16.8
+34.2%
Receivables
228
206
170
+10.9%
Inventory
177
156
136
+13.5%
Other assets
63.5
38.7
38.4
+64.3%
Total assets
722
640
553
+12.8%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.