Alamo Group (ALG) FY2019 results: revenue $1.1 billion, up 10.9% on the year
Alamo Group Inc. (ALG) reported revenue of $1.1 billion for fiscal 2019, the year ended 31 December 2019, up 10.9% on the year before. Net income was $63 million, down 14.1%, and diluted earnings per share $5.35. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$1.1 billion
+10.9% on the year
FY2012FY2019
Operating margin
8.5%
10.0% a year earlier
FY2012FY2019
Net income
$63 million
-14.1% on the year
FY2012FY2019
Diluted EPS
$5.35
-14.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,119
1,009
912
+10.9%
Cost of revenue
846
753
678
+12.4%
Gross profit
273
256
235
+6.7%
Gross margin
24.4%
25.4%
25.7%
Selling, general and administrative
173
152
143
+14.1%
Operating income
94.9
101
88.7
-6.1%
Operating margin
8.5%
10.0%
9.7%
Interest expense
10.7
5.5
4.8
+95.6%
Pre-tax income
84.6
94.5
82.4
-10.5%
Income tax
21.5
21.0
38.1
+2.1%
Effective tax rate
25.4%
22.3%
46.2%
Net income
63.1
73.5
44.3
-14.1%
Net margin
5.6%
7.3%
4.9%
Diluted EPS
$5.35
$6.25
$3.79
-14.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
88.8
12.9
70.8
+587.9%
Capital expenditure
31.3
26.6
13.5
+17.9%
Free cash flow
57.5
-13.7
57.3
Free cash flow margin
5.1%
-1.4%
6.3%
Cash from investing
-430
-25.4
-51.3
Cash from financing
349
22.2
-12.4
+1,472.5%
Depreciation and amortisation
20.6
16.4
14.9
+25.6%
Share-based compensation
3.3
2.5
1.9
+33.4%
Buybacks
0.6
0.4
0.2
+35.1%
Dividends paid
5.6
5.1
4.6
+9.8%
Dividend per share
$0.48
$0.44
$0.40
+9.1%
Diluted shares, weighted
12m
12m
12m
+0.3%
Shares outstanding at period end
12m
12m
12m
+0.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
578
515
449
+12.1%
Debt
444
85.1
60.1
+421.6%
Operating lease liabilities
9.0
n/a
n/a
Finance lease liabilities
0.2
n/a
n/a
Other liabilities
182
121
130
+50.0%
Total liabilities and equity
1,213
722
640
+68.1%
Fixed assets
n/a
87.2
76.7
Goodwill
198
83.2
84.8
+137.9%
Intangible assets
206
48.9
52.9
+322.2%
Cash and equivalents
42.3
34.0
25.4
+24.3%
Receivables
238
228
206
+4.3%
Inventory
268
177
156
+51.5%
Other assets
261
63.5
38.7
+310.3%
Total assets
1,213
722
640
+68.1%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.