Alamo Group, Inc. (NYSE:ALG) Q1 2018 Earnings Conference Call - Final Transcript

May 04, 2018 • 11:00 am ET

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Alamo Group, Inc. (NYSE:ALG) Q1 2018 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good day, ladies and gentlemen, and welcome to the Alamo Group First Quarter 2018 Earnings Conference Call. [Operator Instructions] This conference is being recorded for today, Friday, May 4, 2018.

I would now like to turn the conference over to Mr. Bob George, Vice President of Alamo Group. Please go ahead, Mr. George.

Executive
Robert George

Thank you, and good morning, everyone. By now, you should have all received a copy of the press release. However, if anyone is missing a copy and would like to receive one, please contact us at 212- 827-3773, and we will send you a release and make sure you are on the company's distribution list. There'll be a replay of the call, which will be in one hour after the call and run for one week. The replay can be accessed by dialing 1888-203-1112, with the passcode 8305796. Additionally, the call is being webcast on the company's website at www.alamo-group.com, and a replay will be available for 60 days.

On the line with me today are Ron Robinson, President and Chief Executive Officer; Dan Malone, Executive Vice President and Chief Financial Officer; Richard Wehrle, Vice President and Corporate Controller; and Ed Rizzuti, Vice President and General Counsel. Management will make some opening remarks, and then we'll open up the line for your questions.

During the call today, management may reference certain non-GAAP numbers in their remarks. Reconciliations of these non-GAAP results to applicable GAAP numbers are included in the attachments to our earnings release.

Before turning the call over to Ron, I would like to make a few comments about forward-looking statements. We will be making forward-looking statements today that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following market demand, competition, weather, seasonality, currency-related issues and other risk factors listed from time to time in the company's SEC reports. The company does not undertake any obligation to update information contained herein, which speaks only as of this date.

I would now like to introduce Ron. Ron, please go ahead.

Executive
Ronald Robinson

Thank you, Bob. And we want to thank all of you for joining us today. Dan Malone, our CFO, will begin our call with a review of our financial results for the first quarter of 2018, and then I will provide a few more comments on the results, and following our formal remarks, we look forward to taking your questions. So Dan, please go ahead.

Executive
Dan Malone

Thank you, Ron. Our first quarter 2018 results were certainly helped by U.S. tax reform, but we set company records for top line and pre-tax earnings as well. These records were achieved both with and without the accretive results of recent business acquisitions and even overcame the effects of the union strike at our Gradall facility