EarningsQ1 2026 Earnings Report

Alamo Group (ALG) Q1 2026 Earnings Report

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Previous Report: Q4 2025

Next Report: Q2 2026

MX:ALG Q1 2026 EPS Results

Actual EPS$40.71

Consensus EPS$37.23

Beat/MissBeat by +$3.48

One Year Ago EPS$44.60

MX:ALG Q1 2026 Revenue Results

Actual Revenue$7.05B

Expected Revenue$6.72B

Beat/MissBeat by +$323.17M

YoY Revenue Growth+6.70%

Earnings Announcement Details

QuarterQ1 2026

Date05/04/2026

TimeAfter Close

Conference CallMonday, May 4, 2026

MX:ALG Upcoming Earnings

Alamo Group's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q1 2026 Earnings Call Audio

MX:ALG Q1 2026 Earnings Call

0:00 / 0:00

Q1 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q1 2026 Earnings Call Summary

Q1 2026

Earnings Call Date:May 04, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced picture: solid top-line growth (revenue up 6.7% YoY), sequential operating momentum and successful early integration of Petersen and product innovations are positive. However, year-over-year margin pressure (gross margin down 118 bps; adjusted EBITDA margin slightly lower), a YoY EPS decline, negative operating cash flow in the quarter, acquisition-related costs and tariff/inflation headwinds temper the outlook. Management emphasized operational initiatives (procurement, manufacturing efficiency, parts/commercial improvement) and strong liquidity to address these issues.

Company Guidance

Management did not give a formal full‑year numeric guide but laid out clear expectations and long‑term targets: Q1 provides the baseline (net sales $417.1M; gross profit $104.8M; gross margin 25.1%, down 118 bps YoY; adjusted EBITDA $59.3M or 14.2%; adjusted EPS $2.56) and they expect the Industrial segment (58% of sales) excluding acquisitions to be roughly flattish to up low‑single digits in 2026 (book‑to‑bill ~1x; Industrial adjusted EBITDA ~16% this quarter), while Vegetation (42% of sales) should stabilize — flattish to modestly down year‑over‑year but sequentially improving with Q1 Vegetation adjusted EBITDA at 11.2%; long‑term financial goals remain >10% sales growth, ~15% adjusted operating margin, >18% adjusted EBITDA margin and free cash flow ~100% of net income. They also reiterated a tariff headwind of roughly 0.8–0.9% of sales, net leverage below 1x (gross debt $290.5M, cash $195.2M), LTM operating cash flow $139.8M (138.2% of net income), a $0.34 quarterly dividend, and plans to drive ~300 bps of margin improvement via procurement, manufacturing/automation and parts/commercial initiatives (with some procurement benefits expected later in 2026 as inventory is worked down).

Consolidated Revenue Growth

Net sales for Q1 FY2026 were $417.1 million, up 6.7% year-over-year, driven by strength across Industrial Equipment and Vegetation Management and contributions from recent acquisitions.

Division Sales Improvement

Industrial Equipment net sales were $241.7 million, up 6.5% YoY; Vegetation Management net sales were $175.4 million, up 7.0% YoY — the first year-over-year quarterly increase in Vegetation in 9 quarters.

Adjusted EBITDA and Sequential Recovery

Adjusted EBITDA increased slightly to $59.3 million (14.2% of sales) versus $58.3 million (14.9%) in Q1 FY2025 and improved materially versus Q4 FY2025 ($44.8 million, 12.0% of sales), indicating sequential operational recovery.

Adjusted EPS and Sequential Improvement

Adjusted diluted EPS for Q1 FY2026 was $2.56, up from $1.70 in Q4 FY2025, showing sequential earnings recovery despite a modest YoY decline.

Strong Liquidity and Leverage Position

Gross debt of $290.5 million and cash of $195.2 million produced net leverage of less than 1x; total liquidity described as strong, supporting disciplined M&A and capital deployment.

Strategic Acquisition Integration

Petersen Industries acquisition funded in Q1 (approximately $120M revolver draw + ~$50M cash) is integrating well; management cites early commercial and operational synergies and successful leadership transition.

Product Innovation and Commercial Traction

Introduced products with early commercial success: non-CDL vacuum truck (sold out for 2026), next-generation hybrid sweepers (commercial production and strong interest), and a patented Wide Wing snow plow system gaining industry acceptance.

Dividend Declaration

Board approved a quarterly dividend of $0.34 per share, signaling confidence in capital return capacity.

MX:ALG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	44.58 / -	35.478	―
Aug 03, 2026	2026 (Q2)	46.29 / 43.08	43.418	-0.78% (-0.34)
May 04, 2026	2026 (Q1)	37.23 / 40.71	44.601	-8.71% (-3.89)
Mar 02, 2026	2025 (Q4)	37.17 / 28.72	40.377	-28.87% (-11.66)
Nov 06, 2025	2025 (Q3)	44.43 / 35.48	38.519	-7.89% (-3.04)
Aug 06, 2025	2025 (Q2)	45.92 / 43.42	39.701	9.36% (+3.72)
May 08, 2025	2025 (Q1)	37.29 / 44.60	45.107	-1.12% (-0.51)
Feb 27, 2025	2024 (Q4)	38.05 / 40.38	44.432	-9.13% (-4.05)
Oct 31, 2024	2024 (Q3)	41.90 / 38.52	49.162	-21.65% (-10.64)
Jul 31, 2024	2024 (Q2)	46.32 / 39.70	51.189	-22.44% (-11.49)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed