Alamo Group (ALG) Q2 FY26 earnings call

Alamo Group delivered a solid second quarter, marked by strong sales growth in its Industrial Equipment division, driven by recent acquisitions and organic demand. While gross margins faced pressure from mix and investments, adjusted earnings and EBITDA showed healthy improvement. The company maintains a disciplined capital allocation strategy, prioritizing tuck-in M&A and shareholder returns, with a strong balance sheet providing ample flexibility despite cautious near-term outlooks for some end markets.