Tom Taylor, GVP North American Ag, has announced his plans to retire from Alamo Group on June 30, 2022. Taylor has been with the Alamo Group for 20 years, having joined the team in 2002.
Net income for the year was $80.2 million, or $6.75 per diluted share, compared to net income of $57.8 million, or $4.88 per diluted share in 2020, a year-over-year improvement of 38.8%.
Alamo Group's net sales for the third quarter of 2021 were $338.3 million compared to net sales of $291.8 million in the third quarter of 2020, an increase of 16%.
Alamo Group, the manufacturer of Dixie Chopper and Bush Hog equipment, reported net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.
Beginning with the fourth quarter of 2021, Alamo Group will report business results in two new segments, namely, the Vegetation Management Division and the Industrial Equipment Division.
Alamo Group's Agricultural Division net sales in the first quarter of 2021 were $99.3 million compared to net sales of $84.5 million in the first quarter of 2020, an increase of 17.5%.
The partnership will provide New Holland customers with the opportunity to finance their new tractor in the same transaction as their Bush Hog, Rhino, or Schulte-branded attachment with one low rate.
Alamo Group Inc. today announced that Jeffery A. Leonard will succeed Ronald A. Robinson as President and Chief Executive Officer of the Company, effective May 31, 2021.
Mahindra Ag North America introduces the 5100 series tractors, 5145 and 5155, engineered to be easy to operate by first-time tractor owners yet heavy duty to tackle the tough jobs of rural living, farms and ranches. The 5100 series tractors come with a 5-year, 3000-hour limited powertrain warranty covering parts and labor for the duration of the warranty period.
Yanmar was founded in 1912 and developed the world's first commercially viable small diesel engine in 1933. The diesel engine has continued as our core business ever since, our key tool in the rationalization and modernization of agriculture, fishing and industry.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.