Alamo Group Inc. (NYSE: ALG)

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Company Overview o Founded in 1969, Alamo Group Inc. (NYSE: ALG) is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Their products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related aftermarket parts and services. o Alamo Group Inc. headquarters are located in Seguin, Texas. Their member companies are throughout Australia, Europe, North America, and South America. o The Company operates two separate business divisions, namely, the Industrial Division, the Agricultural Division. Impact of COVID-19 Alamo Group temporarily shutters factories, furloughs workers Shutdown only 1 US factory due to employee testing positive Numerous European factories temporarily shutdown due to economic and health concerns Local Seguin factory unimpacted by shutdowns and worker fuloughs Stock price has fallen from $120.42/share (04 MAR) to $77.98/share (03APR) Alamo Group Inc. and Subsidiaries Consolidated Balance Sheets Year Ended December 31, 2019 2018 (in thousands, except per share amounts) ASSETS Current assets: Cash and cash equivalents Accounts receivable, net Inventories, net Prepaid expenses and other current assets Income tax receivable Total current assets 42,311 237,837 267,674 10.099 12,907 570.828 34,043 228,098 176,630 5.327 8.745 452,843 Rental equipment, net 56,467 43,978 Property, plant and equipment Less: Accumulated depreciation Total property, plant and equipment, net 302,113 (141,388) 160,725 219,135 (131,905) 87,230 Goodwill Intangible assets, net Deferred income taxes Other non-current assets Total assets 198.022 206,272 1.078 19.371 1.212.763 83,243 48,857 1,783 3,699 721.633 $ $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable Income taxes payable Accrued liabilities Current maturities of long-term debt and finance lease obligations Total current liabilities 81,986 2,362 59,686 18.840 162.874 54,083 2,865 43,785 119 100,852 425.141 7,432 1.844 19,254 26,461 85,179 6,120 1.944 8,436 11.731 Long-term debt and finance lease obligations, net of current maturities Long-term tax liability Deferred pension liability Other long-term liabilities Deferred income taxes Stockholders' equity: Common stock, $.10 par value, 20,000,000 shares authorized; 11,752,509 and 11,662,688 outstanding at December 31. 2019 and December 31, 2018, respectively Additional paid-in capital Treasury stock, at cost: 82.600 and 42.600 shares at December 31. 2019 and December 31, 2018, respectively Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders i ty 1,175 113.666 1,166 108.422 (4,566) 500,320 (40.838) 569.757 1 212 7R3 (426) 443,040 (44,831) 507.371 721 633 135.00 ALG 96.77 yahoo/finance 130.00 125.00 120.00 115.00 110.00 105.00 100.00 95.00 90.00 85.00 80.00 C77.98 304.90k May Jul Sep Nov 2019 Mar May Jul Sep Nov 2020 Mar Company Overview o Founded in 1969, Alamo Group Inc. (NYSE: ALG) is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Their products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related aftermarket parts and services. o Alamo Group Inc. headquarters are located in Seguin, Texas. Their member companies are throughout Australia, Europe, North America, and South America. o The Company operates two separate business divisions, namely, the Industrial Division, the Agricultural Division. Impact of COVID-19 Alamo Group temporarily shutters factories, furloughs workers Shutdown only 1 US factory due to employee testing positive Numerous European factories temporarily shutdown due to economic and health concerns Local Seguin factory unimpacted by shutdowns and worker fuloughs Stock price has fallen from $120.42/share (04 MAR) to $77.98/share (03APR) Alamo Group Inc. and Subsidiaries Consolidated Balance Sheets Year Ended December 31, 2019 2018 (in thousands, except per share amounts) ASSETS Current assets: Cash and cash equivalents Accounts receivable, net Inventories, net Prepaid expenses and other current assets Income tax receivable Total current assets 42,311 237,837 267,674 10.099 12,907 570.828 34,043 228,098 176,630 5.327 8.745 452,843 Rental equipment, net 56,467 43,978 Property, plant and equipment Less: Accumulated depreciation Total property, plant and equipment, net 302,113 (141,388) 160,725 219,135 (131,905) 87,230 Goodwill Intangible assets, net Deferred income taxes Other non-current assets Total assets 198.022 206,272 1.078 19.371 1.212.763 83,243 48,857 1,783 3,699 721.633 $ $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable Income taxes payable Accrued liabilities Current maturities of long-term debt and finance lease obligations Total current liabilities 81,986 2,362 59,686 18.840 162.874 54,083 2,865 43,785 119 100,852 425.141 7,432 1.844 19,254 26,461 85,179 6,120 1.944 8,436 11.731 Long-term debt and finance lease obligations, net of current maturities Long-term tax liability Deferred pension liability Other long-term liabilities Deferred income taxes Stockholders' equity: Common stock, $.10 par value, 20,000,000 shares authorized; 11,752,509 and 11,662,688 outstanding at December 31. 2019 and December 31, 2018, respectively Additional paid-in capital Treasury stock, at cost: 82.600 and 42.600 shares at December 31. 2019 and December 31, 2018, respectively Retained earnings Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders i ty 1,175 113.666 1,166 108.422 (4,566) 500,320 (40.838) 569.757 1 212 7R3 (426) 443,040 (44,831) 507.371 721 633 135.00 ALG 96.77 yahoo/finance 130.00 125.00 120.00 115.00 110.00 105.00 100.00 95.00 90.00 85.00 80.00 C77.98 304.90k May Jul Sep Nov 2019 Mar May Jul Sep Nov 2020 Mar