Market Summary
USD171.03+0.33
Market Closed0.19%
ALG Stock Price
ALG RSI Chart
ALG Valuation
ALG Price/Sales (Trailing)
ALG Profitability
ALG Fundamentals
ALG Revenue
ALG Earnings
Price Action
52 Week Range
118.73200.81
(Low)(High)
Last 7 days
-0.2%
Last 30 days
0.7%
Last 90 days
-5.9%
Trailing 12 Months
37.3%
ALG Financial Health
ALG Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ALG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-06 | Rizzuti Edward | sold | -39,619 | 170 | -233 | evp & general counsel |
2023-09-01 | Etchart Eric | bought | 88,295 | 176 | 500 | - |
2023-08-14 | Leonard Jeffery Allen | acquired | 53,510 | 53.51 | 1,000 | president & ceo |
2023-08-14 | Leonard Jeffery Allen | sold | -100,749 | 172 | -583 | president & ceo |
2023-06-29 | WEHRLE RICHARD J | sold | -214,043 | 183 | -1,166 | evp & cfo |
2023-06-29 | WEHRLE RICHARD J | acquired | 133,775 | 53.51 | 2,500 | evp & cfo |
2023-06-12 | WEHRLE RICHARD J | sold | -273,420 | 182 | -1,500 | evp & cfo |
2023-06-01 | Leonard Jeffery Allen | sold (taxes) | -44,777 | 166 | -269 | president & ceo |
2023-05-16 | Sullivan Lori L | acquired | 27,120 | 54.24 | 500 | vp, internal audit |
2023-05-11 | BATY RODERICK R | acquired | - | - | 705 | - |
Which funds bought or sold ALG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.71 | -69,141 | 2,362,690 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -5.43 | -1,319 | 22,434 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.82 | 32,000 | 599,000 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | added | 38.61 | 2,647,180 | 9,535,180 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -4.77 | -260,076 | 5,045,160 | -% |
2023-08-15 | NATIXIS ADVISORS, L.P. | reduced | -4.99 | -440,000 | 8,151,000 | 0.03% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | added | 117 | 488,000 | 902,000 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | unchanged | - | -3,261 | 2,399,290 | -% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | added | 3.32 | 220,000 | 7,134,000 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Alamo Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 0.2% | 22,722 | SC 13G/A | |
| Feb 14, 2023 | t. rowe price investment management, inc. | 5.7% | 678,420 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 5.76% | 689,683 | SC 13G/A | |
| Jan 31, 2023 | victory capital management inc | 5.73% | 685,079 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 13.6% | 1,632,271 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 13.6% | 1,632,271 | SC 13G | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.4% | 764,041 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 5.92% | 706,226 | SC 13G/A | |
| Feb 08, 2022 | dimensional fund advisors lp | 5.0% | 593,785 | SC 13G/A | |
| Feb 01, 2022 | victory capital management inc | 5.05% | 602,679 | SC 13G/A |
Recent SEC filings of Alamo Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Jun 30, 2023 | 4 | Insider Trading | |
| Jun 29, 2023 | 144 | Notice of Insider Sale Intent |
ALG Fair Value
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Peers (Alternatives to Alamo Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CAT | 139.5B | 64.8B | 0.68% | 59.26% | 16.69 | 2.15 | 19.88% | 23.71% |
DE | 112.7B | 61.4B | 0.63% | 10.81% | 11.22 | 1.84 | 26.89% | 62.82% |
ITW | 70.2B | 16.1B | -1.64% | 21.28% | 22.63 | 4.37 | 5.86% | 17.15% |
PH | 41.8B | 19.1B | -4.14% | 48.23% | 33.16 | 2.43 | 20.20% | 58.33% |
TTC | 8.3B | 4.7B | -18.12% | -10.59% | 22.04 | 1.75 | 10.19% | -2.33% |
| MID-CAP | ||||||||
AGCO | 8.7B | 14.2B | -0.74% | 12.88% | 7.87 | 0.62 | 23.16% | 40.23% |
FLS | 5.1B | 4.0B | 3.33% | 49.33% | 21.4 | 1.28 | 13.86% | 149.05% |
SPXC | 3.7B | 1.6B | 1.07% | 43.39% | 115.68 | 2.25 | 25.15% | -92.29% |
KAI | 2.6B | 931.4M | 4.63% | 25.87% | 23.23 | 2.78 | 7.50% | -0.54% |
ALG | 2.0B | 1.6B | 0.68% | 37.32% | 16.37 | 1.27 | 12.15% | 49.02% |
| SMALL-CAP | ||||||||
LNN | 1.3B | 697.1M | -6.38% | -25.17% | 17.67 | 1.8 | -5.05% | 33.25% |
CVR | 17.4M | 32.2M | -1.15% | -31.64% | 46.78 | 0.54 | -6.72% | -56.52% |
PLOW | 692.7M | 615.7M | -0.76% | 2.31% | 19.43 | 1.13 | 7.88% | 20.17% |
Alamo Group News
Returns for ALG
Cumulative Returns on ALG
14.1%
10-Year Cumulative Returns
15.3%
7-Year Cumulative Returns
12.7%
5-Year Cumulative Returns
19.9%
3-Year Cumulative Returns
Risks for ALG
What is the probability of a big loss on ALG?
56.9%
Probability that Alamo Group stock will be more than 20% underwater in next one year
29.6%
Probability that Alamo Group stock will be more than 30% underwater in next one year.
18.5%
Probability that Alamo Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Alamo Group was unfortunately bought at previous high price.
Drawdowns
Financials for Alamo Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.8% | 1,608 | 1,563 | 1,514 | 1,464 | 1,434 | 1,385 | 1,334 | 1,286 | 1,239 | 1,160 | 1,163 | 1,175 | 1,155 | 1,172 | 1,119 | 1,075 | 1,061 | 1,033 | 1,009 | 996 | 979 |
| Gross Profit | 4.6% | 421 | 402 | 377 | 362 | 356 | 345 | 335 | 318 | 310 | 290 | 292 | 293 | 284 | 289 | 273 | 268 | 266 | 259 | 256 | 254 | 253 |
| S&GA Expenses | 2.2% | 224 | 219 | 213 | 214 | 213 | 209 | 203 | 198 | 190 | 180 | 184 | 184 | 183 | 184 | 173 | 160 | 155 | 152 | 152 | 154 | 153 |
| EBITDA | -100.0% | - | 196 | 172 | 155 | 147 | 144 | 141 | 130 | 130 | 94.00 | 96.00 | 98.00 | 92.00 | 100 | 95.00 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.13* | 0.11* | 0.11* | 0.10* | 0.10* | 0.11* | 0.10* | 0.10* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | - | - | - | - | - | - |
| Interest Expenses | 20.7% | 21.00 | 18.00 | 14.00 | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 | 12.00 | 13.00 | 16.00 | 18.00 | 17.00 | 15.00 | 11.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 |
| Earnings Before Taxes | 6.0% | 163 | 154 | 134 | 121 | 115 | 112 | 109 | 98.00 | 98.00 | 81.00 | 80.00 | 79.00 | 75.00 | 85.00 | 85.00 | 94.00 | 98.00 | 95.00 | 95.00 | 93.00 | 91.00 |
| EBT Margin | -100.0% | - | 0.10* | 0.09* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.06* | 0.07* | 0.08* | - | - | - | - | - | - |
| Net Income | 6.8% | 125 | 117 | 102 | 92.00 | 84.00 | 81.00 | 80.00 | 69.00 | 72.00 | 59.00 | 57.00 | 58.00 | 56.00 | 63.00 | 63.00 | 70.00 | 76.00 | 74.00 | 73.00 | 60.00 | 53.00 |
| Net Income Margin | -100.0% | - | 0.07* | 0.07* | 0.06* | 0.06* | 0.06* | 0.06* | 0.05* | 0.06* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 35.00 | -16.61 | -49.08 | -33.99 | -22.86 | 24.00 | 74.00 | 120 | 156 | 166 | 154 | 115 | 93.00 | 57.00 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.0% | 1,458 | 1,429 | 1,309 | 1,328 | 1,332 | 1,338 | 1,206 | 1,218 | 1,209 | 1,206 | 1,122 | 1,173 | 1,190 | 1,250 | 1,213 | 856 | 867 | 852 | 722 | 735 | 725 |
| Current Assets | 3.1% | 872 | 845 | 727 | 751 | 748 | 749 | 612 | 636 | 623 | 612 | 516 | 567 | 572 | 624 | 571 | 524 | 536 | 532 | 453 | 471 | 469 |
| Cash Equivalents | 2.5% | 112 | 109 | 47.00 | 75.00 | 76.00 | 84.00 | 42.00 | 89.00 | 86.00 | 105 | 50.00 | 94.00 | 82.00 | 84.00 | 42.00 | 60.00 | 48.00 | 39.00 | 34.00 | 49.00 | 44.00 |
| Inventory | 1.9% | 369 | 363 | 353 | 363 | 353 | 355 | 321 | 294 | 265 | 250 | 243 | 244 | 249 | 274 | 268 | 207 | 206 | 211 | 177 | 184 | 175 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 107 | 105 | 102 | 87.00 | 84.00 | 80.00 |
| Goodwill | 0.5% | 197 | 197 | 196 | 193 | 196 | 199 | 202 | 194 | 195 | 194 | 195 | 193 | 195 | 196 | 198 | 93.00 | 93.00 | 89.00 | 83.00 | 84.00 | 84.00 |
| Current Liabilities | 5.2% | 215 | 204 | 191 | 193 | 190 | 199 | 193 | 196 | 185 | 172 | 157 | 158 | 134 | 163 | 163 | 120 | 117 | 115 | 101 | 110 | 101 |
| Long Term Debt | -6.6% | 333 | 356 | 287 | 348 | 356 | 358 | 255 | 279 | 300 | 339 | 270 | 359 | 424 | 471 | 425 | 150 | 166 | 180 | 85.00 | 101 | 119 |
| Shareholder's Equity | 5.3% | 866 | 822 | 785 | 737 | 736 | 727 | 706 | 692 | 681 | 651 | 635 | 605 | 577 | 560 | 578 | 551 | 543 | 521 | 515 | 497 | 474 |
| Retained Earnings | 4.5% | 792 | 758 | 727 | 700 | 676 | 650 | 634 | 616 | 591 | 567 | 560 | 544 | 526 | 514 | 500 | 492 | 476 | 457 | 443 | 428 | 405 |
| Additional Paid-In Capital | 1.5% | 134 | 132 | 130 | 129 | 127 | 126 | 124 | 123 | 121 | 121 | 119 | 117 | 116 | 115 | 114 | 113 | 111 | 109 | 108 | 108 | 107 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 137 | 138 | 135 | 132 | 131 | 128 |
| Shares Outstanding | 0.1% | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 34.5% | 95.00 | 71.00 | 15.00 | -14.90 | -3.12 | 3.00 | 50.00 | 92.00 | 135 | 170 | 184 | 181 | 147 | 127 | 89.00 | 54.00 | 42.00 | 9.00 | 13.00 | 33.00 | 31.00 |
| Share Based Compensation | 2.0% | 6.00 | 6.00 | 6.00 | 5.00 | 7.00 | 6.00 | 6.00 | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 |
| Cashflow From Investing | 10.7% | -30.26 | -33.88 | -31.74 | -53.07 | -50.18 | -34.97 | -33.44 | -7.98 | -4.83 | -11.97 | -14.17 | -365 | -375 | -379 | -429 | -83.65 | -79.42 | -73.10 | -25.36 | -21.37 | -29.19 |
| Cashflow From Financing | -222.4% | -32.11 | -9.96 | 24.00 | 61.00 | 48.00 | 11.00 | -23.00 | -86.87 | -129 | -141 | -164 | 217 | 264 | 302 | 349 | 41.00 | 41.00 | 29.00 | 22.00 | -27.67 | -29.79 |
| Dividend Payments | 5.3% | 10.00 | 9.00 | 9.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Buy Backs | -6.2% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 3.00 | 1.00 | 4.00 | 3.00 | 2.00 | 0.00 | 1.00 | 1.00 |
ALG Income Statement
2023-06-30Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales: | ||||
| Total net sales | $ 440,694 | $ 396,214 | $ 852,465 | $ 758,219 |
| Cost of sales | 322,620 | 296,497 | 621,884 | 571,861 |
| Gross profit | 118,074 | 99,717 | 230,581 | 186,358 |
| Selling, general and administrative expenses | 59,858 | 55,009 | 119,526 | 108,644 |
| Amortization expense | 3,824 | 3,792 | 7,639 | 7,679 |
| Income from operations | 54,392 | 40,916 | 103,416 | 70,035 |
| Interest expense | (6,837) | (3,189) | (12,777) | (5,836) |
| Interest income | 357 | 57 | 740 | 129 |
| Other income (expense), net | (1,046) | (134) | (44) | (1,886) |
| Income before income taxes | 46,866 | 37,650 | 91,335 | 62,442 |
| Provision for income taxes | 10,492 | 9,178 | 21,612 | 15,500 |
| Net Income | $ 36,374 | $ 28,472 | $ 69,723 | $ 46,942 |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 3.05 | $ 2.39 | $ 5.85 | $ 3.95 |
| Diluted (in dollars per share) | $ 3.03 | $ 2.39 | $ 5.82 | $ 3.94 |
| Average common shares: | ||||
| Basic (in shares) | 11,921 | 11,880 | 11,910 | 11,870 |
| Diluted (in shares) | 11,993 | 11,938 | 11,977 | 11,927 |
| Dividends declared (in dollars per share) | $ 0.22 | $ 0.18 | $ 0.44 | $ 0.36 |
| Vegetation Management | ||||
| Net sales: | ||||
| Total net sales | $ 261,346 | $ 255,003 | $ 517,781 | $ 476,009 |
| Income from operations | 35,561 | 32,796 | 72,069 | 51,130 |
| Industrial Equipment | ||||
| Net sales: | ||||
| Total net sales | 179,348 | 141,211 | 334,684 | 282,210 |
| Income from operations | $ 18,831 | $ 8,120 | $ 31,347 | $ 18,905 |
ALG Balance Sheet
2023-06-30Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 112,061 | $ 47,016 |
| Accounts receivable, net | 378,675 | 317,581 |
| Inventories, net | 369,319 | 352,553 |
| Prepaid expenses and other current assets | 10,979 | 9,144 |
| Income tax receivable | 937 | 916 |
| Total current assets | 871,971 | 727,210 |
| Rental equipment, net | 36,375 | 33,723 |
| Property, plant and equipment | 352,233 | 335,078 |
| Less: Accumulated depreciation | (188,799) | (180,071) |
| Total property, plant and equipment, net | 163,434 | 155,007 |
| Goodwill | 197,445 | 195,858 |
| Intangible assets, net | 164,376 | 171,341 |
| Deferred income taxes | 1,053 | 969 |
| Other non-current assets | 23,105 | 24,400 |
| Total assets | 1,457,759 | 1,308,508 |
| Current liabilities: | ||
| Trade accounts payable | 116,287 | 97,537 |
| Income taxes payable | 11,284 | 6,592 |
| Accrued liabilities | 72,266 | 71,368 |
| Current maturities of long-term debt and finance lease obligations | 15,008 | 15,009 |
| Total current liabilities | 214,845 | 190,506 |
| Long-term debt and finance lease obligations, net of current maturities | 332,576 | 286,943 |
| Long-term tax liability | 2,464 | 3,781 |
| Other long-term liabilities | 22,804 | 23,668 |
| Deferred income taxes | 19,128 | 18,250 |
| Stockholders’ equity: | ||
| Common stock, $0.10 par value, 20,000,000 shares authorized; 11,958,938 and 11,913,890 outstanding at June 30, 2023 and December 31, 2022, respectively | 1,196 | 1,191 |
| Additional paid-in-capital | 133,598 | 129,820 |
| Treasury stock, at cost; 82,600 shares at June 30, 2023 and December 31, 2022, respectively | (4,566) | (4,566) |
| Retained earnings | 791,669 | 727,183 |
| Accumulated other comprehensive loss | (55,955) | (68,268) |
| Total stockholders’ equity | 865,942 | 785,360 |
| Total liabilities and stockholders’ equity | $ 1,457,759 | $ 1,308,508 |
Alamo Group Inc. designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. Its Vegetation Management Division segment offers hydraulically-powered and tractor-mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty applications, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts. This segment also provides rotary and finishing mowers, flail and disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts, zero turn radius mowers, cutting parts, plain and hard-faced replacement tillage tools, disc blades, and fertilizer application components; aftermarket agricultural parts, heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment, replacement parts, tractor attachments, agricultural implements, hydraulic and boom-mounted hedge and grass cutters, tractor attachments and implements, hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators, self-propelled sprayers and multi-drive load-carrying vehicles, cutting blades, and hydraulic and mechanical boom mowers. The company's Industrial Equipment Division segment offers truck-mounted air vacuum, mechanical broom, and regenerative air sweepers, pothole patchers, leaf collection equipment and replacement brooms, parking lot and street sweepers, excavators, catch basin cleaners, and roadway debris vacuum systems, as well as truck-mounted vacuum machines, combination sewer cleaners, and hydro excavators. This segment also offers ice control products, snowplows and heavy duty snow removal equipment, hitches, attachments, and graders; and public works and runway maintenance products, parts, and services, and high pressure cleaning systems and trenchers. The company was founded in 1955 and is headquartered in Seguin, Texas.