Ending inventories stood at $66.1 million. Seguin, Texas 78155 On October 24, 2019 Alamo Group Inc. completed the acquisition of Morbark, LL , the company’s largest acquisition to date. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Keys From Alamo Group’s Latest Acquisition @themotleyfool #stocks $ALG, Forget Penny Stocks: These 3 High-Quality Companies Are Better Investments, U.S. Ecology (ECOL) Q4 2020 Earnings Call Transcript, Builders Firstsource Inc (BLDR) Q4 2020 Earnings Call Transcript, Alamo Group Inc (ALG) Q4 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. By focusing on satisfying customer needs through geographic market expansion, product development and refinement and strategic acquisitions, the company has grown strongly. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. From Dec. 31, 2018 to Sept. 30, 2019, Morbark's inventories dropped by $4.1 million. Seguin, Texas, United States; 5001-10000; Public; alamo-group.com ; 153,225; Highlights. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author. Alamo Group Inc. announced that it has completed the previously announced acquisition of the operating units of Specialized Industries, LP, a portfolio Company of ELB Capital Management, LLC, for a total consideration of approximately $190 million, on a debt free basis and subject to … Datamonitors' Alamo Group, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Alamo Group, Inc. since January 2007. Includes a profile of the company, including history, employment, and finances. Summary Financials People Technology Signals & News. To recap, Morbark is positioned in the rapidly expanding forestry equipment industry, sustained by fast-growing demand for both timber and wood pellets for bioenergy. Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2020. Returns as of 02/27/2021. Alamo's third-quarter 2019 results reported a 6.3% year-over-year drop in net income, despite an 8.8% jump in net sales. … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Alamo spent $325 million sealing the deal with Morbark, diversifying its product lines into a fresh field of industrial manufacturing. While the comparison is inexact because Alamo Group is a publicly traded stock and Morbark is not, measuring liabilities and equity between the two shows very close equivalence. While it's just one measure among many, Morbark's reported inventory changes shows that companies are purchasing and using its logging and silviculture equipment as fast as it can be made. Morbark's net margin also outperformed the industrial machinery sector's historical average 8.14% net margin, and slightly betters the 11.67% fourth-quarter 2019 net margin for the sector. The document features some data helping to show stock investors whether the acquisition of the forestry vehicle company will let Alamo take root in the fertile soil of profitable new business opportunities. Alamo Group. These include Alamo … A few days ago, Alamo Group publicly released its Form 8-K/A filing with the SEC, revealing several important details about Morbark. 2-21-2019 Alamo Group to Acquire Dutch Power Company in the Netherlands. SEGUIN, Texas, March 10, 2015 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced today it has completed the acquisition of Herder Implementos e Maquinas Agricolas Ltda. Alamo's acquisition, in my opinion, has the potential to buttress its profitability and cause increases in its share value throughout much of the 2020s, assuming continued good management of Morbark. Wood product trade jumped 11% between 2017 and 2019 alone, driving demand for machinery to extract timber for industrial use. Industrial and agricultural equipment maker Alamo Group Inc. is reporting record profit and sales following three key acquisitions in the United States, Canada and Brazil. Alamo Group has acquired in 7 different US states, and 5 countries. Connect to CRM . Save. Upon completion of the transaction, Morbark will become part of Alamo’s Industrial Division. ALAMO GROUP (FR), société par actions simplifiée est en activité depuis 26 ans. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. www.alamo-group.com. The biggest of Alamo Group's three 2019 acquisitions, Morbark added a whole new sector to its existing line of municipal cleanup vehicles. 2-1-2019 Alamo Group to Build New Vacuum Truck Manufacturing Facility in Wisconsin. Alamo Group’s largest acquisition to date was in 2019, when it acquired Morbark for $352M. Alamo Group went public in 1993 and since 1995 has been listed on the New York Stock Exchange as ALG. Join Mergr and gain access to Alamo Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector. List of Alamo Group 's 21 Acquisitions, including Morbark and Dutch Power Company These figures suggest that demand for Morbark's logging gear is outpacing its current production. Overall, then, multiple factors point toward Alamo's Morbark acquisition as a solid move. Sur l'année 2018 elle réalise un chiffre d'affaires de 1 700,00 €. Herr will continue in his role as Morbark CEO, and Morbark’s day-to-day operations will remain unchanged. Analysts expect the worldwide market for logging and forestry equipment to show an approximate 4% compound annual growth rate, or CAGR, through 2026. While Alamo's purchase of Morbark positioned it to profit from several rapidly growing markets, the acquisition had a short-term downside. Morbark, LLC. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. Alamo Group Inc. headquarters are located in Seguin, Texas. Alamo Group's corporate headquarters in Seguin, Texas. According to the Food and Agriculture Organization, harvesting and sale of wood products has reached its highest level since monitoring began in 1947. United States, The acquisition, which is expected to close in the fourth quarter of 2019, is subject to a number of conditions, including the receipt of regulatory approvals and other pre-closing requirements. Stock Symbol NYSE:ALG. Both are within or nearly within the 30% D/E ratio that generally indicates good solvency and stability, so Morbark will not significantly alter Alamo's liability situation. Stock Advisor launched in February of 2002. Alamo Acquisitions, LLC ("Alamo") is a privately owned and operated mineral acquisition and mineral leasing company. In order to help assess whether the hit to Alamo's net income in 2019 was worth it in terms of potential gains to future growth and share value, a closer look at the company's SEC filings and other data reveals several important facts. Alamo Group’s results for the fourth quarter and full year were adversely affected by the ongoing COVID-19 pandemic which began to materially impact the Company beginning in March of 2020. SEGUIN, Texas, Oct. 24, 2019 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) reported today that it has completed the previously announced acquisition of Morbark, LLC, a … Our products are sold through Alamo Group's marketing organizations and our extensive independent worldwide dealer networks under various trademarks and trade names. Alamo Group appears to have added a strong, efficient company to its lineup of brands with its Morbark purchase, one that helps it expand into a promising sector of industrial vehicles and equipment. Do Alamo’s stock value gains reflect the risks versus rewards of its acquisition strategy? Morbark's balance sheet shows that, in the first nine months of 2019, it converted sales into profits with nearly twice the efficiency of Alamo. Alamo Group has acquired in 7 different US states, and 5 countries. About . Entrance to Alamo Group's corporate headquarters in Seguin, Texas. ALAMO GROUP TO ACQUIRE ASSETS OF BUSH HOG. Alamo Group Inc. announced that it has completed the previously announced acquisition of the operating units of Specialized Industries, LP, a portfolio Company of ELB Capital Management, LLC, for a total consideration of approximately $190 million, on a debt free basis and subject to certain post-closing adjustments. A total of 2 acquisitions came from private equity firms. Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Since the deal didn't close until October 2019, technically in the fourth quarter, investors will get a clearer picture of its financial impact when Alamo releases its Q4 2019 results in the near future. The Company’s most targeted sectors include machinery (85%) and manufacturing (16%). About Alamo Group. Alamo Group Announces 2020 Fourth Quarter And Year End Results PR Newswire SEGUIN, Texas, Feb. 25, 2021 SEGUIN, Texas , Feb. 25, 2021 /PRNewswire/ -- Alamo Morbark fabricates a variety of forestry-related equipment, including everything from chippers and flails to help manage biomass and forest health, to highly maneuverable wheel loaders useful for logging in rugged terrain. SEGUIN, Texas, October 22, 2009 – Alamo Group Inc. (NYSE: ALG) announced that effective today it has completed the acquisition of the majority of the assets of Bush Hog, LLC (“Bush Hog”) according to the terms and conditions which were previously announced on September 4, 2009. The Q3 report ascribes this decline directly to the acquisition of Morbark, along with two smaller companies, Dixie Chopper and Dutch Power. Wood pellet production grew by a similar amount in just one year to meet mounting bioenergy quotas. Alamo Group was formed in 1955 and is based in Sequin, Texas. Alamo Group Inc. is engaged in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture. Domiciliée à NEUVILLE-SUR-SAONE (69250), elle est spécialisée dans le secteur d'activité des fonds de placement et entités financières similaires. Alamo Group's results for the fourth quarter and full year were adversely affected by the ongoing COVID-19 pandemic which began to materially impact the Company beginning in March of 2020. Morbark is a leading manufacturer of equipment and aftermarket parts for the forestry tree maintenance, biomass, land management and recycling markets. 2018. Alamo Group’s largest acquisition to date was in 2019, when it acquired Morbark for $352M. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Alamo Group's Industrial Division performed well in both the fourth quarter of 2020 and for the full year, even though for us, they probably had the most market challenges due to COVID. ET. (830) 379-1480 Its fundamentals equal or better Alamo's own in several key areas, including a much better net margin, comparable debt-to-equity that won't negatively affect Alamo's liabilities, and inventory data suggesting fast-growing demand. We’re motley! Over the years we added flail cutting … Starting out with a single company in 1991, Alamo Group Europe has grown dramatically to establish itself as the world’s number one supplier of green maintenance equipment, and a leading player in European agriculture and specialist industrial engineering. Now backed by Alamo, Morbark could potentially expand its manufacturing to harvest additional profits from this booming market. Plunging boldly into the world of sawdust and timber, Alamo Group (NYSE:ALG) spent a solid chunk of cash in 2019 acquiring Morbark Holdings Group, LLC, a forestry equipment manufacturer. As consideration for the assets acquired, the Company issued 1.7 million unregistered shares of Alamo Group … Manufactures high quality tractor-mounted mowing and grounds maintenance equipment and replacement parts for governmental, agricultural and commercial end-users. Plunging boldly into the world of sawdust and timber, Alamo Group (NYSE:ALG) spent a solid chunk of cash in 2019 acquiring Morbark Holdings … 3-5-2019 Alamo Group Completes Acquisition of Dutch Power Company in the Netherlands. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. 1627 East Walnut Street, Our development as a company has been enhanced by more than twenty-five acquisitions. Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture … Ron Robinson, Alamo Group's President and Chief Executive Officer commented, "We are pleased to have completed the acquisition of Dixie Chopper. For over four decades, we have focused on satisfying customer needs through geographic market expansion, product development and refinement, and select acquisitions. Alamo was formed by a team of industry veterans with tens of years of experience working for large exploration and production companies (operators), land service companies, and private property owners. Our member companies are throughout Australia, Europe, North America, and South America. Alamo Group Inc. today reported results for the fourth quarter and year ended Dec. 31, 2020. SEGUIN, Texas, Sept. 11, 2019 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) announced that it has entered into an agreement to acquire 100% of the outstanding capital shares of … This net income drop resulted from timing, with Alamo absorbing the high financing expenses to secure funds ahead of the actual acquisitions. Morbark's net sales of $189.6 million and net income of $22.7 million during the period gave it an approximate 11.98% net margin, compared to Alamo's 6.51% net margin ($818.9 million net sales, $53.3 million net income). Clearly, Morbark is operating more effectively than Alamo Group at generating profits and should help to raise the combined entity's profitability. Alamo Group has acquired 13 companies, including 6 in the last 5 years. Alamo Group manufacturing facility in Seguin, Texas. Alamo Group Europe has enjoyed continued success throughout the 2… Morbark's current 36.2% debt-to-equity, or D/E, ratio on approximately $33.78 million in liabilities and $93.25 million in members' equity is higher than Alamo's current 27.1% D/E ratio, but Alamo's debt-to-equity ran as high as 34.5% in March 2019 and peaked at 63.3% historically. Alamo Group will host a conference call to discuss fourth quarter and year end 2020 financial results on Friday, February 26, 2021 at 11:00 a.m. Alamo Group Inc Q4 2020 ... fourth quarter sales were down 3.8%, record full year sales were up 4% with the help of acquisitions, but down 11% without. (NYSE: ALG) Pellet demand fits neatly with Morbark's drum chippers and similar equipment, which turn branches and other wood smaller than sawtimber into salable chips or sawdust. SEGUIN, Texas, Feb. 25, 2021 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today reported results for the fourth quarter and year ended December 31, 2020. Number of Acquisitions 21. Scope: – Provides intelligence on Alamo Group, … Our first products were based on rotary cutting technology. in Brazil. Alamo Group, Inc. engages in the design, manufacture, distribution and service of equipment for right-of-way maintenance and agriculture needs.
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