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Douglas Dynamics, Inc. (PLOW), headquartered in Milwaukee, Wisconsin, is a premier designer, manufacturer, and seller of snow and ice control equipment for light trucks. The company's product lineup includes snowplows, sand and salt spreaders, and related parts and accessories. With a robust assortment of brands such as WESTERN®, FISHER®, SNOWEX®, TURFEX®, SWEEPEX®, and HENDERSON®, Douglas Dynamics has cemented its position in the industry.
Beyond snow and ice management, Douglas Dynamics is a leading manufacturer of turf and commercial/industrial grounds control products. The company operates through two main segments: Work Truck Attachments and Work Truck Solutions. This structure allows it to offer a comprehensive range of products from snowplows to industrial maintenance equipment.
Douglas Dynamics' portfolio also includes the upfit of commercial vehicle attachments and storage solutions under the HENDERSON® and DEJANA® brands. The company leases fifteen manufacturing, upfit, and service facilities across several states, including Iowa, Maryland, Missouri, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island.
Recent achievements include improvements in both top and bottom-line results for its Work Truck Solutions segment, partially offsetting the impact of weather conditions on Attachments Results. The company's outlook for 2024 remains strong, underpinned by its innovative product offerings and strategic market positioning.
In terms of leadership, a significant change is on the horizon with President & CEO Bob McCormick set to retire in July. Current Chairman Jim Janik will take on the interim President & CEO role, guiding the company through this transition while maintaining its commitment to quality and customer satisfaction.
For more information and the latest updates, contact Nathan Elwell, Vice President of Investor Relations at 847-530-0249 or via email at investorrelations@douglasdynamics.com.
Douglas Dynamics has been awarded the 2022 Supply Chain Risk Management Program of the Year by riskmethods at its annual summit in Boston. The company’s Global Sourcing & Supply team received recognition for effectively leveraging data and maintaining a robust supply chain risk management program. Jim Klotz, Sr. VP, noted that managing supply chain risks has been crucial, particularly during recent disruptions and the pandemic, enhancing operational support and providing a competitive edge.
Douglas Dynamics, Inc. (NYSE: PLOW) will announce its third quarter 2022 financial results on October 31, 2022, after market close. A conference call will follow on November 1, 2022, at 9:00 a.m. Central Time, hosted by CEO Bob McCormick and CFO Sarah Lauber. Investors and interested parties can join the call via telephone or via the company’s website.
The company is known for manufacturing work truck attachments and is committed to delivering high-quality products and services that enhance profitability for its customers.
Douglas Dynamics has announced that James D. Staley will retire from its Board of Directors at the 2023 annual stockholders meeting, after serving since 2010. In his place, Joher Akolawala has been elected as a new independent director. Akolawala brings over 30 years of financial and technological experience from roles at Pella Corporation, Walgreens Boots Alliance, and Mondelez International. He will be involved in various committees, enhancing the company's governance and strategic initiatives as they move forward.
Douglas Dynamics, a leading manufacturer of work truck attachments, has declared a quarterly cash dividend of $0.29 per share for Q3 2022. This dividend will be paid on September 30, 2022, to shareholders on record by September 19, 2022. The company continues to enhance shareholder value while offering innovative products through its Douglas Dynamics Management System. With over 75 years of experience, Douglas Dynamics is committed to delivering high-quality products and services in its Work Truck Attachments and Work Truck Solutions segments.
Douglas Dynamics reported strong Q2 2022 results with net sales of $187.6 million, a 19.1% increase YoY. Net income rose by 25.7% to $17.7 million, equating to $0.75Adjusted EBITDA increased to $34.1 million. The company narrowed its 2022 guidance, expecting net sales between $590 million and $630 million. A quarterly cash dividend of $0.29 was paid on June 30, 2022. The ongoing strength in the Work Truck Attachments segment, despite supply chain challenges, remains a positive signal for future growth.
Douglas Dynamics (NYSE: PLOW) announced it will release its second-quarter 2022 financial results after market close on August 1, 2022. A conference call to discuss these results will take place on August 2, 2022, at 9:00 a.m. Central Time, hosted by CEO Bob McCormick and CFO Sarah Lauber. The call will be available via the company’s website or by phone for both domestic and international participants.
Douglas Dynamics, Inc. (NYSE: PLOW) has declared a quarterly cash dividend of $0.29 per share for the second quarter of 2022. This dividend will be paid on June 30, 2022, to stockholders of record as of June 17, 2022. The company, recognized as North America's leading manufacturer of work truck attachments and equipment, emphasizes its commitment to shareholder value through continuous improvement and high-quality product delivery.
Douglas Dynamics, a leader in work truck attachments, will host a virtual investor event on May 25, 2022, at 10:30 a.m. Eastern. The event, lasting approximately 45 minutes, will cover the evolving demand for work truck attachments and present organic growth opportunities. Highlights include an exclusive product video and interviews with dealers from the 2022 NTEA Work Truck Show. Key executives, including CEO Bob McCormick and CFO Sarah Lauber, will lead the discussion. Registration details and an archived webcast will be available post-event.
Douglas Dynamics reported Q1 2022 net sales of $102.6 million, slightly down from $103.3 million in Q1 2021. The company faced a net loss of $3.9 million or $(0.18) diluted EPS. Adjusted EBITDA decreased to $4.6 million from $10.7 million year-over-year. Supply chain constraints impacted production, particularly in the Solutions segment, which saw a 7% decline in net sales. Despite challenges, the company reiterated its annual guidance, forecasting net sales between $570 million and $630 million for 2022.
Doulgas Dynamics (NYSE: PLOW) will release its first quarter 2022 financial results on May 2, 2022, after market close. The earnings report will be discussed during a conference call on May 3, 2022, at 9:00 a.m. Central Time. The call will be hosted by President and CEO Bob McCormick and CFO Sarah Lauber. Investors can access the live simulcast on the company’s website or via phone. Douglas Dynamics is recognized as North America's leading manufacturer of work truck attachments and equipment, emphasizing innovation and quality in its product offerings.
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