Alamo Group Inc (ALG) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $28.08 million, or $2.33 per share. This compares with $31.52 million, or $2.63 per share, last year.
Excluding items, Alamo Group Inc reported adjusted earnings of $28.86 million or $2.39 per share for the period.
Analysts on average had expected the company to earn $2.28 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 7.7% to $385.32 million from $417.54 million last year.
Alamo Group Inc earnings at a glance (GAAP) :
-Earnings: $28.08 Mln. vs. $31.52 Mln. last year.
-EPS: $2.33 vs. $2.63 last year.
-Revenue: $385.32 Mln vs. $417.54 Mln last year.
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