8-K
Alamo Group Inc (ALG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 8, 2022
Alamo Group Inc.
(Exact name of registrant as specified in its charter)
| State of Delaware | 0-21220 | 74-1621248 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
| 1627 E. Walnut, Seguin, Texas | 78155 | |
| --- | --- | |
| (Address of Registrant’s principal executive offices) | (Zip Code) |
(830) 379-1480
Registrant's telephone number, including area code:
| Securities registered pursuant to Section 12(b) of the Act: | ||
|---|---|---|
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| Common Stock, par value<br><br>$.10 per share | ALG | New York Stock Exchange |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of
the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the
extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On June 8, 2022, Alamo Group Inc. (the “Company”) will post on its website at https://www.alamo-group.com/investor-relations additional historical quarterly financial data for the Company's Vegetation Management and Industrial Equipment segments in line with the segment reporting structure changes that were implemented by the Company in the fourth quarter of 2021.
This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.
The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
As described in Item 2.02 of this Current Report on From 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Historical Financial Information |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the inline XBRL document |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| June 8, 2022 | By: /s/ Edward T. Rizzuti |
|---|---|
| Edward T. Rizzuti | |
| Executive Vice President, General Counsel & Secretary |
Document
Alamo Group Inc.
Historical Segment Information
The following includes a summary of the unaudited financial information by reporting segment by quarter for 2021.
| 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in thousands) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||
| Net Sales | ||||||||
| Vegetation Management | $ | 183,884 | $ | 214,665 | $ | 209,796 | $ | 204,331 |
| Industrial Equipment | 127,305 | 132,885 | 128,515 | 132,842 | ||||
| Consolidated | $ | 311,189 | $ | 347,550 | $ | 338,311 | $ | 337,173 |
| Income from Operations | ||||||||
| Vegetation Management | $ | 16,750 | $ | 22,664 | $ | 21,375 | $ | 18,128 |
| Industrial Equipment | 8,688 | 10,926 | 8,668 | 9,739 | ||||
| Consolidated | $ | 25,438 | $ | 33,590 | $ | 30,043 | $ | 27,867 |
| Goodwill | ||||||||
| Vegetation Management | $ | 124,204 | $ | 124,901 | $ | 123,973 | $ | 132,963 |
| Industrial Equipment | 69,821 | 70,035 | 69,599 | 69,443 | ||||
| Consolidated | $ | 194,025 | $ | 194,936 | $ | 193,572 | $ | 202,406 |
| Total Identifiable Assets | ||||||||
| Vegetation Management | $ | 788,835 | $ | 799,421 | $ | 795,655 | $ | 789,838 |
| Industrial Equipment | 429,848 | 421,936 | 422,123 | 415,904 | ||||
| Consolidated | $ | 1,218,683 | $ | 1,221,357 | $ | 1,217,778 | $ | 1,205,742 |