Alamo Group Inc. reported third quarter 2025 net sales of $420.0 million, up 4.7% from $401.3 million in the same period of 2024. Income from operations was $37.5 million, a decrease of 6.3% compared to $40.1 million in the third quarter of 2024. Net income for the quarter was $25.4 million, or $2.10 per fully diluted share, down from $27.4 million, or $2.28 per share, a year earlier. Adjusted fully diluted EPS was $2.34, down $0.04 from the prior year, reflecting CEO transition, acquisition, and restructuring costs. Adjusted EBITDA remained flat at $55.0 million. Operating cash flow for the first nine months of 2025 totaled $102.4 million. The Industrial Equipment Division reported strong double-digit net sales growth for the seventh consecutive quarter, while the Vegetation Management Division continued to experience softness in demand but saw slight improvement in bookings and realized fixed cost savings from facility consolidation.