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For the full year of 2017 net sales were 7.4 millionversus 5.8 million in 2016, an increase of 10.5%.Full year income from operations for the Division was .1 millioncompared to .7 million in 2016.Certainly, in 2017 we benefited from fairly low inflation in both labor and purchased components used in our production.We feel in 2018 we will experience moderate inflation as labor availability tightens and our commodity costs of items such as steel and energy have been rising, but as long as these increases remain reasonable, it should not have a material impact on our results.The cash we do repatriate will initially be used to pay down outstanding debt under our revolving line of credit, however, over time we anticipate it will be deployed to support our growth and acquisition initiatives. The new rate takes effect in 2018 and should have a meaningful impact on our net earnings going forward since Alamo Group's overall effective tax rate has averaged around 35% annually over the last several years."Another feature of the new tax act is a reduction in the corporate tax rate from 35% to 21% in our U. The exact amount will ultimately be affected by a number of factors including the amount of U. earnings compared to our earnings from operations outside the U. Still, we believe this will enable us to increase our development expense going forward and to accelerate our various operation improvement initiatives which should make us more competitive in the international markets in which we participate.The Agricultural Division results include the effects of the acquisition of Santa Izabel, which contributed .1 million in net sales and a

This is being partially addressed by our ongoing operational improvement initiatives, which we are accelerating and will result in an increased level of capital expenditures in 2018 compared to the averages in recent years.

"Improving markets, further improvements in operating efficiencies, contributions from acquisitions and a more competitive tax structure all should contribute to continued growth for Alamo Group in 2018. Still we remain cautious about factors that could impact our business negatively and certainly the headwinds we faced in 20 remain fresh in our memories.

We are pleased with our demonstrated ability to deal with changing conditions and keep Alamo Group moving forward.

Interested participants can register for the webinar by using this link.

Registration is now open and limited spots are available.

.2 million loss from operations in the fourth quarter of 2017 and .7 million in net sales and a [[

For the full year of 2017 net sales were $227.4 millionversus $205.8 million in 2016, an increase of 10.5%.Full year income from operations for the Division was $24.1 millioncompared to $20.7 million in 2016.Certainly, in 2017 we benefited from fairly low inflation in both labor and purchased components used in our production.We feel in 2018 we will experience moderate inflation as labor availability tightens and our commodity costs of items such as steel and energy have been rising, but as long as these increases remain reasonable, it should not have a material impact on our results.The cash we do repatriate will initially be used to pay down outstanding debt under our revolving line of credit, however, over time we anticipate it will be deployed to support our growth and acquisition initiatives. The new rate takes effect in 2018 and should have a meaningful impact on our net earnings going forward since Alamo Group's overall effective tax rate has averaged around 35% annually over the last several years."Another feature of the new tax act is a reduction in the corporate tax rate from 35% to 21% in our U. The exact amount will ultimately be affected by a number of factors including the amount of U. earnings compared to our earnings from operations outside the U. Still, we believe this will enable us to increase our development expense going forward and to accelerate our various operation improvement initiatives which should make us more competitive in the international markets in which we participate.The Agricultural Division results include the effects of the acquisition of Santa Izabel, which contributed $2.1 million in net sales and a $0.2 million loss from operations in the fourth quarter of 2017 and $5.7 million in net sales and a $0.3 million loss from operations for the full year.(1) Comments on Results Ron Robinson, Alamo Group's President and CEO commented, "Our fourth quarter results nicely capped off a very strong year for Alamo Group and we are proud of our total organization that delivered these results.

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For the full year of 2017 net sales were $227.4 millionversus $205.8 million in 2016, an increase of 10.5%.

Full year income from operations for the Division was $24.1 millioncompared to $20.7 million in 2016.

Certainly, in 2017 we benefited from fairly low inflation in both labor and purchased components used in our production.

We feel in 2018 we will experience moderate inflation as labor availability tightens and our commodity costs of items such as steel and energy have been rising, but as long as these increases remain reasonable, it should not have a material impact on our results.

]].3 million loss from operations for the full year.(1) Comments on Results Ron Robinson, Alamo Group's President and CEO commented, "Our fourth quarter results nicely capped off a very strong year for Alamo Group and we are proud of our total organization that delivered these results.

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This is being partially addressed by our ongoing operational improvement initiatives, which we are accelerating and will result in an increased level of capital expenditures in 2018 compared to the averages in recent years.

"Improving markets, further improvements in operating efficiencies, contributions from acquisitions and a more competitive tax structure all should contribute to continued growth for Alamo Group in 2018. Still we remain cautious about factors that could impact our business negatively and certainly the headwinds we faced in 20 remain fresh in our memories.

We are pleased with our demonstrated ability to deal with changing conditions and keep Alamo Group moving forward.

Interested participants can register for the webinar by using this link.

Registration is now open and limited spots are available.

||

This is being partially addressed by our ongoing operational improvement initiatives, which we are accelerating and will result in an increased level of capital expenditures in 2018 compared to the averages in recent years."Improving markets, further improvements in operating efficiencies, contributions from acquisitions and a more competitive tax structure all should contribute to continued growth for Alamo Group in 2018. Still we remain cautious about factors that could impact our business negatively and certainly the headwinds we faced in 20 remain fresh in our memories.We are pleased with our demonstrated ability to deal with changing conditions and keep Alamo Group moving forward.Interested participants can register for the webinar by using this link.Registration is now open and limited spots are available.

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