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News

08/16 17:25 EST - prnewswire.com
ALAMO GROUP INC. ANNOUNCES THE SALE OF HERSCHEL PARTS BUSINESS
SEGUIN, Texas , Aug. 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd.

08/11 01:10 EST - seekingalpha.com
Alamo Group: Solid Compounder At An Attractive Price
Alamo Group is a well-managed, stable company with strong fundamentals, making it an attractive investment for conservative investors. Alamo Group is efficiently allocating capital with a consistently higher ROIC than its competitors, but it lacks a significant competitive moat. Key growth catalysts include increasing infrastructure spending, superior capital allocation, and resolution of temporary setbacks, though the cyclical nature of the Vegetation Management Division poses a risk.

08/06 07:00 EST - businesswire.com
Moving Image Technologies to Upgrade Alamo Drafthouse's Recently Acquired Richardson, Texas Location
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)---- $MITQ #entertainment--Moving iMage Technologies (NYSE American: MITQ), $MITQ, (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced a significant upgrade project with Alamo Drafthouse. As part of its ongoing commitment to enhancing the movie-going experience, Alamo Drafthouse has ordered seven state-of-the-art projectors and a new immersive sound system for its recently acquired Ri.

08/03 18:10 EST - seekingalpha.com
Alamo Group Inc (ALG) Q2 2024 Earnings Call Transcript
Alamo Group Inc (NYSE:ALG ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Agnes Kamps - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Chris Moore - CJS Securities Mike Shlisky - D.A. Davidson Mig Dobre - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Alamo Group Inc. Second Quarter 2024 Conference Call.

07/31 16:15 EST - prnewswire.com
ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024
SEGUIN, Texas , July 31, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the second quarter ended June 30, 2024. Highlights for the Quarter Net Sales of $416.3 million, down 5.5% versus prior year Industrial Equipment net sales of $204.8 million, up 14.2% Vegetation Management net sales of $211.5 million, down 19.1% Income from operations of $43.3 million, 10.4% of net sales Net income of $28.3 million Second quarter fully diluted EPS of $2.35 per share; EPS results of $2.35 per share include the unfavorable impact of Gradall strike of approximately $0.22 per share Total debt net of cash improved $60.5 million or 25.7% compared to second quarter 2023 (1) Backlog remained healthy at $768.9 million at the end of the second quarter 2024 (1) Trailing twelve-month EBITDA of $236.6 million, at 14.1% of Net Sales (1) Cost reduction actions taken expected to achieve approximately $10 million of savings in the remainder of 2024, net of restructuring costs Results for the Quarter Second quarter 2024 net sales were $416.3 million compared to $440.7 million in the second quarter of 2023.

07/24 16:15 EST - prnewswire.com
ALAMO GROUP INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS CONFERENCE CALL
SEGUIN, Texas , July 24, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it will release financial results for the second quarter of 2024 after the market closes on Wednesday, July 31, 2024. The Company will host a conference call to discuss the results on Thursday, August 1, 2024, at 10:00 a.m.

07/09 07:30 EST - globenewswire.com
Big Sky Medical Acquires Prime Medical Outpatient Building in San Antonio's Alamo Heights
SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Big Sky Medical, a leading healthcare real estate investment firm, today announced the acquisition of Sunset at Treeline, a cutting-edge medical outpatient building in San Antonio's prestigious Alamo Heights neighborhood. The off-market transaction secures a strategically located property adjacent to the CHRISTUS Santa Rosa Alamo Heights campus, with high visibility along Highway 281.

07/01 16:15 EST - prnewswire.com
ALAMO GROUP INC. DECLARES REGULAR QUARTERLY DIVIDEND
SEGUIN, Texas , July 1, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today that its Board of Directors has declared its quarterly dividend of $0.26 per share. Payment will be made on July 29, 2024, to shareholders of record at the close of business on July 16, 2024.

06/12 16:47 EST - nypost.com
Alamo Drafthouse Cinema, Fantastic Fest acquired by Sony Pictures
The studio behind recent films like “Bad Boys: Ride or Die” and “The Garfield Movie” has acquired the distinctive theater chain, the companies said Wednesday.

06/10 16:15 EST - prnewswire.com
ALAMO GROUP INC. ANNOUNCES MICHAEL A.
SEGUIN, Texas , June 10, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that Michael A. Haberman, Executive Vice President of the Industrial Equipment Division, will retire from his current role on August 6, 2024.

05/21 08:00 EST - globenewswire.com
Aligos Therapeutics Announces the Completion of Enrollment in the ALG-055009 Phase 2a HERALD Study for the Treatment of MASH
Topline data now projected in early Q4 2024 Rohit Loomba, MD, MHSc to serve as Principal Investigator SOUTH SAN FRANCISCO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Aligos Therapeutics, Inc. (Nasdaq: ALGS, “Aligos”), a clinical stage biopharmaceutical company focused on developing novel therapeutics to address unmet medical needs in liver and viral diseases, today announced that it has completed enrollment in the ALG-055009 Phase 2a HERALD study for metabolic dysfunction-associated steatohepatitis (MASH) with topline safety and efficacy data anticipated in early Q4 2024.

05/20 17:53 EST - https://www.fool.com
4 Things You Probably Don't Know About Your Costco Membership
KEY POINTS Shopping at Costco can help you keep more money in the bank. As a Costco member, you can enjoy free extended warranty benefits and tech support.When you rent a car from Costco, you also get a fee-free additional driver when making eligible reservations. Check out our pick for the best cash back credit card of 2024 Check out our pick for the best cash back credit card of 2024 Warehouse clubs like Costco have gotten more popular in recent years. More shoppers are seeking ways to save money when buying groceries, household essentials, and other goods. With a Costco membership card in your wallet, you can get a better deal when you shop. But you may be missing out on some features of your membership -- like these. 1. Free extended warranty perks on select Costco buys When you buy select items from Costco, you can benefit from extended warranty coverage. Costco extends the manufacturer's warranty for up to two years from the date of warehouse purchase or date of delivery if purchased online for the following items: (function(){if (!document.body) return;var js = "window['__CF$cv$params']={r:'886f8eeec989b404',t:'MTcxNjI0MTk5NC4xMDgwMDA='};_cpo=document.createElement('script');_cpo.nonce='',_cpo.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js',document.getElementsByTagName('head')[0].appendChild(_cpo);";var _0xh = document.createElement('iframe');_0xh.height = 1;_0xh.width = 1;_0xh.style.position = 'absolute';_0xh.style.top = 0;_0xh.style.left = 0;_0xh.style.border = 'none';_0xh.style.visibility = 'hidden';document.body.appendChild(_0xh);function handler() {var _0xi = _0xh.contentDocument || _0xh.contentWindow.document;if (_0xi) {var _0xj = _0xi.createElement('script');_0xj.innerHTML = js;_0xi.getElementsByTagName('head')[0].appendChild(_0xj);}}if (document.readyState !== 'loading') {handler();} else if (window.addEventListener) {document.addEventListener('DOMContentLoaded', handler);} else {var prev = document.onreadystatechange || function () {};document.onreadystatechange = function (e) {prev(e);if (document.readyState !== 'loading') {document.onreadystatechange = prev;handler();}};}})();TelevisionsProjectorsComputers (excludes touchscreen tablets) Select major appliances Select appliances include refrigerators larger than 10 cubic feet, freezers, ranges, cooktops, over-the-counter microwaves, dishwashers, water heaters, washers, and dryers. Review the manufacturer's warranty for these items for detailed coverage terms. This coverage is available to Costco customers in the United States. Costco can choose whether to repair, replace, or refund up to the purchase price. If you don't have a credit card with extended warranty perks, this benefit could prove valuable if you need repairs or a replacement and the manufacturer's warranty has already expired. 2. Free tech support for select electronics In addition to having low prices for popular electronic items, Costco takes it a step further. The warehouse club brand includes free tech support for members in the United States who buy eligible electronics. This service is made available through Costco Concierge Services. Eligible electronics that include this service are computers, laptops, cameras, and televisions. You can verify whether a product includes this service by reviewing the product details on the Costco website. This is a valuable membership perk that costs you nothing extra. If you need assistance, contact Costco's technical support and warranty line by calling 1-866-861-0450. 3. Add an additional driver for free when renting a car through Costco Travel When you book an eligible car rental through Costco Travel, you can add one additional driver to your reservation for no extra charge. This applies to bookings for Alamo, Avis, Budget, and Enterprise car rentals in the United States. This membership benefit could save you money when traveling and help you stretch your vacation budget. The primary driver must be a Costco member and present their membership card at the rental counter. Additional drivers don't need to be Costco members, but must provide a valid driver's license. Additional fees apply to drivers under 25. 4. Get a deal on sports events and concert ticketsMany members use Costco Travel to get discounts on hotels, rental cars, and cruises. But did you know that you can use your Costco membership benefits to save money on concert tickets, sporting events, and other entertainment? For example, the warehouse club currently has Major League Baseball ticket packages. Are the savings worth it? I found a New York Mets ticket package for $99.99, which included two field-level tickets and a $30 food and beverage credit. When I looked up standard ticket prices for an upcoming weekend game, I discovered that two tickets would cost over $350. That didn't include food and beverage credits, so the Costco ticket deal is a steal for baseball fans. Get the most from your Costco membership Yes, Costco has great deals on the essentials you need. But that's not all. The retailer also offers extra membership benefits that can save you even more money and make your life easier. Consider joining if you want to keep more money in your checking account. For tips on how to get the most out of your membership, check out our ultimate Costco guide. Alert: our top-rated cash back card now has 0% intro APR until 2025This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes.

05/20 16:25 EST - prnewswire.com
ALAMO GROUP INC. ANNOUNCES END OF STRIKE AT GRADALL INDUSTRIES LLC
SEGUIN, Texas , May 20, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced that on May 20, 2024 the strike that began on April 14, 2024 by unionized workers at its subsidiary, Gradall Industries LLC, located in New Philadelphia, Ohio (the "Company"), has ended. The approximately 200 workers part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285, and the Company reached an agreement on a new five-year labor agreement.

05/20 13:36 EST - https://www.patch.com
Gender-Neutral Bathrooms Are Set To Be Required In Culver City
CULVER CITY, CA — Newly constructed buildings in Culver City are set to be required to include gender-neutral bathrooms — rather than separate men's and women's rooms — following a unanimous vote of the City Council this week. The new law, which requires a second vote at an upcoming council meeting to take effect, applies to all newly constructed buildings, such as retail stores. Residential buildings are exempt from the requirements. Existing buildings will not be required to be retrofitted with all-gender bathrooms, nor will the rules apply to buildings being renovated, according to city documents. Councilmember Freddy Puza, who introduced the proposal, said the changes mark a move forward for equity in the city. "Culver City is for everyone, so we should continue to evolve," he said. Here's how a restroom in a new Culver City could look: Instead of separate men's and women's rooms, a gender neutral bathroom could feature a large room open to a corridor with individual locking stalls with full-length doors, a separate room for urinals, and a central bank of sinks, according to one example provided by city officials. That design can already be found in existing public buildings in the Los Angeles area, such as at Alamo Drafthouse in downtown LA. "It's very common now. Everyone wants a level of privacy, even if you're the same gender, from your perspective. Not everyone's comfortable being in that kind of space with the public around you. I think it's good for everyone — cisgender, however you identify," Vice Mayor Dan O'Brien said. Culver City's law comes after similar measures were passed in nearby communities. "I did reach out to Santa Monica and West Hollywood and they haven't experienced any negative impacts because of these ordinances," Puza said. Gender-neutral bathrooms are allowed under a 2022 state law, SB 1194. Previously, state code called for separate men's and women's rooms in many cases. Building Official Tim Koutsouros said the new requirements shouldn't create a financial burden for builders. Such requirements can be costly when existing buildings are required to be reconfigured to make way for gender-neutral bathrooms, but that's not one of the provisions of Culver City's law, he said.

05/20 07:16 EST - https://www.defenseworld.net
Panagora Asset Management Inc. Grows Position in Alamo Group Inc. (NYSE:ALG)
Panagora Asset Management Inc. grew its stake in Alamo Group Inc. (NYSE:ALG – Free Report) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,851 shares of the industrial products company’s stock after buying an additional 5,498 shares during the period. Panagora Asset Management Inc. owned 0.13% of Alamo Group worth $3,332,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in ALG. Los Angeles Capital Management LLC raised its position in Alamo Group by 0.8% during the third quarter. Los Angeles Capital Management LLC now owns 9,211 shares of the industrial products company’s stock valued at $1,592,000 after acquiring an additional 72 shares in the last quarter. Private Advisory Group LLC increased its holdings in shares of Alamo Group by 2.6% during the 3rd quarter. Private Advisory Group LLC now owns 3,165 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 79 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Alamo Group by 2.9% in the 4th quarter. Yousif Capital Management LLC now owns 5,267 shares of the industrial products company’s stock valued at $1,107,000 after purchasing an additional 147 shares during the period. Barclays PLC boosted its holdings in Alamo Group by 1.4% during the third quarter. Barclays PLC now owns 12,002 shares of the industrial products company’s stock worth $2,075,000 after buying an additional 163 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Alamo Group by 1.3% in the third quarter. Swiss National Bank now owns 23,800 shares of the industrial products company’s stock valued at $4,114,000 after buying an additional 300 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds. Alamo Group Stock Down 0.9 % ALG stock opened at $194.24 on Monday. Alamo Group Inc. has a one year low of $157.74 and a one year high of $231.40. The firm has a market cap of $2.34 billion, a PE ratio of 17.28 and a beta of 1.07. The firm’s 50 day moving average price is $207.04 and its 200-day moving average price is $203.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.49 and a current ratio of 4.29. Alamo Group (NYSE:ALG – Get Free Report) last posted its earnings results on Friday, May 3rd. The industrial products company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.01. The company had revenue of $425.59 million for the quarter. Alamo Group had a return on equity of 14.82% and a net margin of 7.92%. During the same quarter in the prior year, the firm earned $2.79 EPS. On average, equities research analysts anticipate that Alamo Group Inc. will post 12.3 EPS for the current year. Alamo Group Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, April 15th. Alamo Group’s dividend payout ratio is presently 9.25%. Insider Activity In related news, EVP Michael A. Haberman sold 418 shares of Alamo Group stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $223.87, for a total value of $93,577.66. Following the completion of the sale, the executive vice president now owns 19,206 shares in the company, valued at approximately $4,299,647.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock. Wall Street Analysts Forecast Growth ALG has been the topic of a number of research analyst reports. StockNews.com cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. DA Davidson cut their target price on shares of Alamo Group from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Read Our Latest Stock Report on ALG Alamo Group Company Profile (Free Report) Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts. Read More Five stocks we like better than Alamo Group Which Wall Street Analysts are the Most Accurate? Canada Goose Flies Higher Driven By DTC Growth What Investors Need to Know About Upcoming IPOs CVS Health Stock Has a Silver Lining Called Value Technology Stocks Explained: Here’s What to Know About Tech Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding ALG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamo Group Inc. (NYSE:ALG – Free Report).

05/17 08:01 EST - zacks.com
New Strong Sell Stocks for May 17th
ARR, DDD and ALG have been added to the Zacks Rank #5 (Strong Sell) List on May 17, 2024.

05/13 15:00 EST - investorplace.com
7 Timeless Blue-Chip Stocks to Buy and Hold for the Next 50 Years
Even if you're more of a short-term thinker when it comes to investing, it's still a good idea to put some money into blue-chip stocks that have been around forever and will likely be around forever into the future. Many stocks these days can fizzle out soon, and most of the hot new tech names today probably won't stand the test of time like firms that have been steady performers for generations.

05/03 18:28 EST - seekingalpha.com
Alamo Group Inc. (ALG) Q1 2024 Earnings Call Transcript
Alamo Group Inc. (NYSE:ALG ) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Edward Rizzuti - Executive Vice President, General Counsel and Secretary Jeff Leonard - President and Chief Executive Officer Richard Wehrle - Executive Vice President and Chief Financial Officer Conference Call Participants Christopher Moore - CJS Securities Michael Shlisky - D.A. Davidson Mircea Dobre - Baird Timothy Moore - EF Hutton Operator Good day and welcome to the Alamo Group First Quarter 2024 Earnings Conference Call.

05/02 16:15 EST - prnewswire.com
ALAMO GROUP ANNOUNCES FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2024
SEGUIN, Texas , May 2, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the first quarter ended March 31, 2024. Highlights for the Quarter Record net sales of $425.6 million, up 3.4% Industrial Equipment net sales of $201.8 million, up 29.9% Vegetation Management net sales of $223.7 million, down 12.7% Income from operations of $47.0 million, 11.0% of net sales Net income of $32.1 million First quarter EPS of $2.67 per share Trailing twelve-month EBITDA of $246.2 million, stable versus record year-end 2023(1) Total debt net of cash improved $62.2 million or 23.8% compared to first quarter 2023(1) Backlog remained elevated at $831.3 million at the end of the first quarter 2024 Results for the Quarter Record first quarter 2024 net sales of $425.6 million increased 3.4% compared to $411.8 million in the first quarter of 2023.

05/02 11:27 EST - businesswire.com
Alamo Center Pioneers the Future of Legal Education with 100% Online Court Ordered Classes
SAN ANTONIO--(BUSINESS WIRE)-- #alamocenter--Alamo Center, formerly known as Alamo Center Education and Treatment, is thrilled to announce a strategic rebranding and a significant shift to a fully online education platform. This move is a testament to our commitment to cater to the evolving needs of individuals in Texas, providing court-ordered educational mandates with enhanced accessibility and convenience. A New Era of Court Ordered Classes Founded in 1995 as the first provider of offender education in Bex.