2023 Earnings | 婷婷激情五月天 Our Members Bring Choice, Value & Innovation to Agriculture Thu, 07 Mar 2024 19:29:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png 2023 Earnings | 婷婷激情五月天 32 32 Trimble Reports 2023 Earnings /news/trimble-reports-2023-earnings/ Wed, 06 Mar 2024 15:24:59 +0000 /?p=27208 In its full year 2023 earnings, Trimble reported $508.2 million in ag revenue and $146.1 million in fourth quarter ag revenue. This made Trimble鈥檚 ag revenue 13.4% of its 2023 full year revenue, which came in at $3.8 billion. Trimble broke down its most recent earnings with and without its ag business, which will ultimately be operated within the joint venture it announced with AGCO in September 2023.

Source:

]]> Alamo Group Announces Year End and Q4 Earnings /news/alamo-group-reports-2023-net-sales-up-12/ Mon, 26 Feb 2024 15:57:04 +0000 /?p=27062 Alamo Group Inc., the manufacturer of Bush Hog, RhinoAg and Dixie Chopper, (NYSE: ALG) reported results for the fourth quarter and year ended December 31, 2023.

Highlights

  • Ninth consecutive quarterly record for sales and earnings
  • Fourth quarter net sales of $417.5 million, up 8%
  • Fourth quarter operating income of $44.8 million, up 5%
  • Fourth quarter net income of $31.5 million, or $2.63 per diluted share, up 8%
  • Full year net sales of $1.69 billion, up 12%
  • Full year operating income of $198.0 million, up 33%
  • Full year net income of $136.2 million, up 34%
  • Full year diluted EPS was $11.36, up 33%
  • Record EBITDA of $246.6 million, up 26%
  • Year-end 2023 backlog at $860 million

Fourth Quarter Results: Fourth quarter 2023 net sales were $417.5 million compared to $386.6 million in the fourth quarter of 2022, an increase of 8%. Gross margin improved in the quarter versus the fourth quarter of 2022 by $11.1 million or 11%. Fourth quarter net income improved 8% to $31.5 million, or $2.63 per diluted share, compared to net income of $29.2 million, or $2.44 per diluted share in the fourth quarter of 2022. The Company鈥檚 backlog at the end of 2023 was $860 million.

Full Year Results: Full year 2023 net sales increased to almost $1.7 billion, up 12% compared to $1.5 billion for the full year 2022. Gross margin for 2023 increased $77.1 million or 20% versus the full year 2022. Net income for 2023 was $136.2 million, or $11.36 per diluted share, compared to net income of $101.9 million, or $8.54 per diluted share in 2022, a year-over- year EPS improvement of 33%.

Source:

]]>