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Alamo Group posts profit of $11.4 million in 4th quarter

SEGUIN, Texas – SEGUIN, Texas (AP) _ Alamo Group Inc. (ALG) on Thursday reported fourth-quarter profit of $11.4 million.

The Seguin, Texas-based company said it had profit of 99 cents per share. Earnings, adjusted for non-recurring gains, were 95 cents per share.

The maker of road maintenance, industrial and farm equipment posted revenue of $224.4 million in the period.

For the year, the company reported profit of $43.2 million, or $3.76 per share. Revenue was reported as $879.6 million.

Alamo Group shares have increased 2.5 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $53.40, an increase of nearly 7 per cent 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 Zacks stock report on ALG at http://www.zacks.com/ap/ALG

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Keywords: Alamo Group, Earnings Report