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SEGUIN, Texas (AP) — SEGUIN, Texas (AP) — Alamo Group Inc. (ALG) on Thursday reported fourth-quarter net income of $29.2 million.
The Seguin, Texas-based company said it had net income of $2.44 per share.
The maker of road maintenance, industrial and farm equipment posted revenue of $386.6 million in the period.
For the year, the company reported profit of $101.9 million, or $8.54 per share. Revenue was reported as $1.51 billion.
Alamo Group shares have increased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $161.93, a rise of 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ALG">Zacks stock report on ALG at https://www.zacks.com/ap/ALG