Latest news with #JeffLeonard
Yahoo
15 hours ago
- Politics
- Yahoo
Guernsey County Board of Elections certifies candidates for Nov. 4 general election
CAMBRIDGE ‒ The Guernsey County Board of Elections has released the names of candidates certified for the Nov. 4 general election. The board certified the candidates on Aug. 14. Cambridge Cambridge City Council president ‒ Jeff Leonard (Republican) Cambridge City treasurer ‒ Michael Sikora (Democrat) Cambridge City Council at-large (three to be elected) ‒ Tim Evancho (Republican), Ernest Gardner Jr. (Republican), Thomas Laughman II (Democrat) Ward 1 ‒ Steve Mourer (Democrat) Ward 2 ‒ Kim McMillen (Democrat) Ward 3 ‒ John Wolverton (Democrat) Ward 4 ‒ Mike Zaleski (Republican) Villages Byesville council (four to be elected) ‒ Heath Dawson, Donald Gadd, Tom Miller, Marj Warner Cumberland mayor ‒ Derek Brown Cumberland council (four to be elected) ‒ Gary Stevens Fairview council (four to be elected) ‒ Lora Cunningham, Connie Gibbons, Greg Gibbons, Ashley McConnell, James Steele Lore City council (four to be elected) ‒ no one filed Old Washington council (four to be elected) ‒ Thomas Allen, Kenneth LePage, Greg Shepherd, Justin Shepherd Pleasant City council (four to be elected) ‒ Joyce Bayly, Sydney Regan, Melanie Scurlock, Christopher Willis Pleasant City Board of Public Affairs (one to be elected) ‒ no candidate filed Quaker City council (four to be elected) ‒ Leota Alwine, Don Burkhart, Kimberley Canel, Savannah Conrad, Brandon Gardine, Ray Lucas Senecaville mayor ‒ Patrick Endly Senecaville council (four to be elected) ‒ Debbie Endly, Rebecca Forbes School boards Cambridge City (three to be elected) ‒ David Evancho, Heath Hayes, Dave Peoples East Guernsey (three to be elected) ‒ Brandon Lippert, Darcy Wakefield Dower, Tom Yeckley Rolling Hills (two to be elected) ‒ Alan Folkert, Frank Mathews, Lacey McCombs This article originally appeared on The Daily Jeffersonian: Guernsey County Board of Elections certifies fall election candidates
Yahoo
11-06-2025
- Business
- Yahoo
ALG Q1 Earnings Call: Mixed Segment Trends and Ongoing Cost Initiatives Shape Outlook
Specialized equipment manufacturer for infrastructure and vegetation management Alamo Group (NYSE:ALG) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 8.1% year on year to $391 million. Its non-GAAP profit of $2.64 per share was 19.6% above analysts' consensus estimates. Is now the time to buy ALG? Find out in our full research report (it's free). Revenue: $391 million vs analyst estimates of $391.1 million (8.1% year-on-year decline, in line) Adjusted EPS: $2.64 vs analyst estimates of $2.21 (19.6% beat) Adjusted EBITDA: $57.29 million vs analyst estimates of $51.23 million (14.7% margin, 11.8% beat) Operating Margin: 11.4%, in line with the same quarter last year Backlog: $702.7 million at quarter end Market Capitalization: $2.53 billion Alamo Group's first quarter results reflected continued divergence between its two main divisions. CEO Jeff Leonard pointed out that the Industrial Equipment division benefited from strong demand by governmental agencies and contractors, driving significant year-on-year growth in sales of vacuum trucks, excavators, and snow removal equipment. Meanwhile, the Vegetation Management division showed sequential improvement, but sales remained below prior-year levels. CFO Agnes Kamps highlighted that cost reduction actions taken in the second half of last year improved margins, particularly in Vegetation Management, where operating margin improved 410 basis points from the previous quarter. Leonard noted, 'We've gained efficiencies in those facilities as a result [of consolidations], and then we made a fairly significant move in the SG&A.' Looking ahead, management expects gradual improvement in both divisions, noting that backlog and order trends support a cautiously optimistic outlook. Leonard commented that the Industrial Equipment division is positioned to benefit from ongoing fleet renewal by municipalities, while Vegetation Management should see further sequential gains as channel inventory normalizes and dealer restocking begins. However, management acknowledged that trade policy and tariffs present ongoing risks, particularly regarding cost inflation and customer demand outside governmental sectors. Leonard emphasized, 'We're watching [tariffs] very closely, and we've been successful so far in pushing back on our suppliers as they've sought larger increases than we felt were warranted.' Management attributed the quarter's segment performance to strong demand in Industrial Equipment and ongoing stabilization efforts in Vegetation Management, supported by cost actions and facility consolidations. Industrial Equipment demand strength: Robust sales of vacuum trucks, excavators, and snow removal equipment drove double-digit organic growth in the Industrial Equipment division, with backlog rising sequentially and operating margin expanding by 120 basis points year over year. Vegetation Management stabilization: Sequential improvement was seen in Vegetation Management orders and backlog, aided by cost reduction initiatives. While year-over-year sales remained lower, operating margin improved 410 basis points from the prior quarter due to completed facility consolidations and SG&A reductions. Cost actions and facility moves: Management completed major cost reduction programs, including consolidating forestry and mower production facilities. Agnes Kamps explained these efforts cut fixed costs and improved efficiency, with further potential gains expected as remaining consolidation work continues. Tariff and trade uncertainty: Management described tariffs as a risk for cost inflation, especially for imported components, but noted that most impacts so far have been modest and largely manageable. Leonard said the company is actively shifting production within North America to mitigate exposure. M&A focus with strong balance sheet: With net debt near zero, management signaled that mergers and acquisitions are now the top capital allocation priority. Leonard stated that several sizable acquisition opportunities are being pursued, with share buybacks considered a secondary option if deals do not materialize. Alamo Group's outlook is shaped by continued momentum in Industrial Equipment, a gradual recovery in Vegetation Management, and external risks from tariffs and global trade. Recovery in Vegetation Management: Management expects further sequential improvements as dealer restocking begins and backlog builds, with the division aiming to restore margins to pre-pandemic highs, leveraging fixed cost reductions from recent facility actions. Industrial Equipment backlog and demand: The sizable backlog and strong ordering activity from municipalities and contractors is anticipated to sustain elevated sales and margins in the coming quarters, particularly as government spending on maintenance remains stable. Tariff and supply chain risks: Management cautioned that tariffs and potential material cost inflation could impact non-governmental demand and margins, especially if broader economic conditions weaken. The company is monitoring supply chain developments and adjusting production as needed. In the quarters ahead, the StockStory team will be monitoring (1) sustained backlog growth and order activity in the Industrial Equipment division, (2) the pace and impact of dealer restocking and margin recovery in Vegetation Management, and (3) any shifts in cost inflation or customer demand stemming from tariffs or macroeconomic factors. Updates on M&A progress and further facility consolidation outcomes will also be important signposts for future performance. Alamo currently trades at a forward P/E ratio of 20.5×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. 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