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Alamo Registers Slight Net Sales Rise for 3Q

Alamo Group Inc. (NYSE: ALG) today reported results for the third quarter ended September 30, 2012. Net sales for the third quarter were $156.1 million compared to net sales of $155.1 million for the same quarter of 2011, an increase of 1%. Net income for the quarter was $8.6 million, or $0.71 per diluted share, versus $10.1 million, or $0.84 per diluted share, for the third quarter of 2011, a decrease of 15%. The decline in net income was attributed to some softness across all three of the Company's business segments.
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