Alamo Group Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Alamo Group Inc. is engaged in designing, manufacturing and servicing quality vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes all its agricultural activities and mowing and forestry/tree care operations, including Morbark and Dutch Power business. The Industrial Equipment Division includes its vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers, and snow removal equipment. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. The Company operates approximately 29 plants in North America, South America, Europe and Australia.

Price
Delayed
$147.64
Day's Change
0.92 (0.63%)
Bid
--
Ask
--
B/A Size
--
Day's High
147.66
Day's Low
145.50
Volume
(Below Average)

Today's volume of 17,711 shares is on pace to be lower than ALG's 10-day average volume of 38,473 shares.

17,711

Xpeng shares dip premarket after Chinese EV maker's Q2 loss is wider than expected

6:44 am ET August 23, 2022 (MarketWatch)
Print

Xpeng Inc. shares fell 3% in premarket trade Tuesday, after the Chinese electric vehicle company . Xpeng posted a loss of RMB778.1 million ($116.2 million) for the quarter to June 30, narrower than the loss of RMB1.619 billion posted in the year-earlier period. Excluding non-recurring losses, the EV maker had a loss of RMB2.88, compared with a FactSet consensus for a loss of RMB2.17. Revenue rose to RMB7.436 billion from RMB3.761 billion a year ago, ahead of the RMB7.307 billion FactSet consensus. The company delivered 34.422 vehicles in the period, up 98% from the year-earlier one. Deliveries of the company's P7 smart sports sedan rose 39% to 15,983. "Our deliveries sustained robust growth momentum in the second quarter despite unprecedented circumstances brought by the resurgence of COVID-19 in certain areas of China," said He Xiaopeng, chairman and CEO of XPeng. The company is on track for the official launch of its flagship G9 SUV in September, he added. Xpeng is now expecting third-quarter EV deliveries of 29,000 to 31,000, or a rise of about 13% to 20.8%. It expects revenue of RMB6.8 billion to RMB7.2 billion, below the RMB10.3 billion FactSet consensus. Shares have fallen 58% in the year to date, while the S&P 500 has fallen 13%.

-Ciara Linnane

	

(END) Dow Jones Newswires

August 23, 2022 06:44 ET (10:44 GMT)

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