SEGUIN, Texas, May 23, 2016 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG) today announced that it was added to the S&P SmallCap 600 Index as of the close of trading on Friday, May 20, 2016.
The S&P SmallCap 600 is designed to measure the performance of 600 small-size companies in the U.S. reflecting this market segment's distinctive risk and return characteristics. Measuring a segment of the market that is typically known for less liquidity and potentially less financial stability than large caps, the index was constructed to be an efficient benchmark composed of small-cap companies that meet investability and financial viability criteria.
Ron Robinson, Alamo Group's President and Chief Executive Officer, commented, "We are pleased to have been selected to join this fine roster of small cap U.S. companies. This achievement is a credit to all of those at Alamo Group who have contributed to our successful growth over the years. We look forward to continuing to build on what we have accomplished to the benefit of our employees, customers and shareholders."
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About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution and service of high quality equipment for infrastructure maintenance, agriculture and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements and related after-market parts and services. The Company, founded in 1969, has approximately 3,100 employees and operates 24 plants in North America, Europe, Australia and Brazil as of March 31, 2016. The corporate offices of Alamo Group Inc. are located in Seguin, Texas and the headquarters for the Company's European operations are located in Salford Priors, England.
Forward Looking Statements
This release contains forward-looking statements 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 the information contained herein, which speaks only as of this date.
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SOURCE Alamo Group Inc.