阿拉莫 2025年季度报告

Commission file number0-21220ALAMO GROUP INC. (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization) 74-1621248 (I.R.S. Employer Identification Numb Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” Large accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ At May2, 2025,12,089,957shares of common stock, $.10 par value, of the registrant were outstanding. PART I.FINANCIAL INFORMATIONItem 1.Interim Condensed Consolidated Financial Statements(Unaudited)Interim Condensed Consolidated Statements of IncomeThree Months Ended March 31, 2025 and March 31, 2024Interim Condensed Consolidated Statements of Comprehensive IncomeThree Months Ended March 31, 2025 and March 31, 2024Interim Condensed Consolidated Balance SheetsMarch 31, 2025 and December 31, 2024 Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other Information (Unaudited) Alamo Group Inc. and SubsidiariesInterim Condensed Consolidated Balance Sheets(Unaudited) See accompanying notes. Alamo Group Inc. and SubsidiariesNotes to Interim Condensed Consolidated Financial Statements - (Unaudited) 1.Basis of Financial Statement Presentation General The accompanying unaudited interim condensed consolidated financial statements of Alamo Group Inc. and itssubsidiaries (the “Company”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”)for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulations S-X.Accordingly, they donot include all of the information and footnotes required by U.S. GAAP for complete financial statements.In the opinion ofmanagement, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASUrequires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional informationon income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. In November 2024, the FASB issued ASU No. 2024-03, Expense Disaggregation Disclosures (Subtopic 220-40). The ASUrequires disaggregated Income Statement Expenses. The ASU is effective for annual periods beginning after December 15,2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is alsopermitted. This ASU will result in the required additional disclosures being included in our consolidated financial statements, 2.Accounts Receivable Accounts receivable is shown net of sales discounts and the allowance for credit losses. At March31, 2025 the Company had $14.1million in reserves for sales discounts compared to $14.2million atDecember31, 2024 related to products shipped to our customers under various promotional programs. 3.Inventories Inventories are stated at the lower of cost or net realizable value.Net inventories consist of the following:(in thousands) Inventory obsolescence reserves were $8.4million at March31, 2025 and $8.3million at December31, 2024. 4.Rental Equipment Rental equipment is shown net of accumulated depreciation of $24.7million and $25.0million at March31, 2025 andDecember31, 2024, respectively. The Company recognized depreciation expense of $2.9million and $2.4million for the three months ended March31, 2025 and 2024, respectively. 5.Fair Value Measurements The carrying values of certain financial instruments, including cash and cash equivalents, accounts receivable, accountspayable, and accrued expenses, approximate their fair value because of the short-term nature of these items. The carryingvalue of our deb