Alamo Group Inc. (NYSE: ALG) announced that on May 20, 2024 the strike that began on April 14, 2024 by unionized workers at its subsidiary, Gradall Industries LLC, located in New Philadelphia, Ohio (the "Company"), has ended. The approximately 200 workers part of the International Association of Machinists and Aerospace Workers, District Lodge 54, Local Lodge 1285, and the Company reached an agreement on a new five-year labor agreement.
ARR, DDD and ALG have been added to the Zacks Rank #5 (Strong Sell) List on May 17, 2024.
Deere (DE) expects net income for fiscal 2024 to be $7 billion, down from the prior stated $7.50-$7.75 billion.