RhinoAg plans to begin production of some of the most popular Dixie Chopper models — such as XCaliber and Classic mowers — as quickly as possible at its Gibson City, Ill., factory.
Net sales, net income and earnings per share were all at record levels for Alamo Group for the second quarter and for the first 6 months of 2019, both with and without the effects of the acquisition of Dutch Power.
Alamo Group's net sales for the first quarter of 2019 were $261.9 million compared to net sales of $238.1 million in the first quarter of 2018, an increase of 10%. Net income for the quarter was $15.3 million compared to net income of $14.6 million, an increase of 4.6% in net income.
Alamo Group reported net sales for the fourth quarter of 2018 were $256 million compared to net sales of $243.3 million in the fourth quarter of 2017, an increase of 5.3%.
Dutch Power Co. designs, manufactures and sells a variety of landscape and vegetation management machines and attachments under several different brand names. Alamo Group is set to acquire 100% of the outstanding capital shares of the company.
Alamo Group's net sales for the first quarter of 2018 were $238.1 million compared to net sales of $215.4 million for the first quarter of 2017, an increase of 10.5%.
Net sales for the fourth quarter of 2017 were $243.3 million compared to net sales of $205.5 million in the fourth quarter of 2016, an increase of 18.4%.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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