Alamo Group (ALG) FY2023 results: revenue $1.7 billion, up 11.6% on the year
Alamo Group Inc. (ALG) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, up 11.6% on the year before. Net income was $136 million, up 33.6%, and diluted earnings per share $11.36. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$1.7 billion
+11.6% on the year
FY2016FY2023
Operating margin
11.7%
9.8% a year earlier
FY2016FY2023
Net income
$136 million
+33.6% on the year
FY2016FY2023
Diluted EPS
$11.36
+33.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
131
14.5
49.7
+802.6%
Capital expenditure
37.7
31.1
25.3
+21.2%
Free cash flow
93.4
-16.6
24.4
Free cash flow margin
5.5%
-1.1%
1.8%
Cash from investing
-52.6
-31.7
-33.4
Cash from financing
-76.9
24.5
-23.0
Depreciation and amortisation
39.2
39.0
35.9
+0.6%
Share-based compensation
7.4
5.6
6.0
+33.5%
Buybacks
1.0
0.8
2.0
+34.6%
Dividends paid
10.5
8.5
6.6
+22.6%
Dividend per share
$0.88
$0.72
$0.56
+22.2%
Diluted shares, weighted
12m
12m
12m
+0.4%
Shares outstanding at period end
12m
12m
12m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
933
785
706
+18.8%
Debt
235
302
270
-22.1%
Operating lease liabilities
11.3
12.8
12.2
-12.0%
Finance lease liabilities
0.1
0.0
0.0
+353.3%
Other liabilities
230
208
218
+10.4%
Total liabilities and equity
1,409
1,309
1,206
+7.7%
Goodwill
207
196
202
+5.5%
Intangible assets
168
171
183
-1.8%
Cash and equivalents
51.9
47.0
42.1
+10.4%
Receivables
362
318
238
+14.0%
Inventory
377
353
321
+7.1%
Other assets
243
224
219
+8.5%
Total assets
1,409
1,309
1,206
+7.7%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.