Alamo Group (ALG) FY2020 results: revenue $1.2 billion, up 4.0% on the year
Alamo Group Inc. (ALG) reported revenue of $1.2 billion for fiscal 2020, the year ended 31 December 2020, up 4.0% on the year before. Net income was $58 million, down 8.4%, and diluted earnings per share $4.88. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.2 billion
+4.0% on the year
FY2013FY2020
Operating margin
8.1%
8.5% a year earlier
FY2013FY2020
Net income
$58 million
-8.4% on the year
FY2013FY2020
Diluted EPS
$4.88
-8.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,163
1,119
1,009
+4.0%
Cost of revenue
871
846
753
+3.0%
Gross profit
294
273
256
+7.5%
Gross margin
25.2%
24.4%
25.4%
Selling, general and administrative
184
173
152
+6.5%
Operating income
94.8
94.9
101
-0.1%
Operating margin
8.1%
8.5%
10.0%
Interest expense
15.8
10.7
5.5
+47.4%
Pre-tax income
79.8
84.6
94.5
-5.7%
Income tax
22.0
21.5
21.0
+2.1%
Effective tax rate
27.5%
25.4%
22.3%
Net income
57.8
63.1
73.5
-8.4%
Net margin
5.0%
5.6%
7.3%
Diluted EPS
$4.88
$5.35
$6.25
-8.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
184
88.8
12.9
+107.6%
Capital expenditure
17.9
31.3
26.6
-43.0%
Free cash flow
166
57.5
-13.7
+189.6%
Free cash flow margin
14.3%
5.1%
-1.4%
Cash from investing
-14.2
-430
-25.4
Cash from financing
-164
349
22.2
Depreciation and amortisation
34.0
20.6
16.4
+65.2%
Share-based compensation
4.1
3.3
2.5
+26.0%
Buybacks
0.7
0.6
0.4
+20.5%
Dividends paid
6.1
5.6
5.1
+8.9%
Dividend per share
$0.52
$0.48
$0.44
+8.3%
Diluted shares, weighted
12m
12m
12m
+0.4%
Shares outstanding at period end
12m
12m
12m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
635
578
515
+9.9%
Debt
285
444
85.1
-35.7%
Operating lease liabilities
10.6
9.0
n/a
+17.5%
Finance lease liabilities
0.1
0.2
n/a
-50.0%
Other liabilities
191
182
121
+5.0%
Total liabilities and equity
1,122
1,213
722
-7.5%
Fixed assets
n/a
n/a
87.2
Goodwill
195
198
83.2
-1.5%
Intangible assets
193
206
48.9
-6.4%
Cash and equivalents
50.2
42.3
34.0
+18.6%
Receivables
209
238
228
-12.0%
Inventory
243
268
177
-9.4%
Other assets
232
261
63.5
-11.2%
Total assets
1,122
1,213
722
-7.5%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.