ALG - 2 Takeaways from Alamo Group's Vigorous Q2 Report
Second-quarter earnings results show forestry, commercial, and agricultural vehicle maker Alamo Group (NYSE: ALG) revved up its performance this spring and early summer as the economy started shaking off the effects of COVID-19 lockdowns. Alamo saw orders slump in 2020 due to the impact of the pandemic, among other reasons.
Some trends created by last year's temporary lockdowns may even be giving Alamo a further lift, though other factors are interfering with its growth. There are at least two points investors should consider before deciding whether or not to add Alamo Group to their portfolios.
Image source: Morbark, Alamo Group.
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2 Takeaways from Alamo Group's Vigorous Q2 Report