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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, Inc. (PLOW) reported strong Q4 2021 results with net sales of $152.9 million and net income of $8.8 million. Adjusted EBITDA stood at $19.9 million. The Work Truck Attachments segment achieved record sales of $97.7 million, while the Work Truck Solutions segment faced challenges due to supply chain disruptions, reporting a decline in net sales to $55.2 million. The Board approved a $50 million share repurchase and increased the 1Q22 dividend to $0.29 per share. The 2022 outlook projects net sales between $570 million and $630 million, despite ongoing macroeconomic headwinds.
Douglas Dynamics, Inc. (NYSE: PLOW) is set to release its financial results for Q4 and full year 2021 after market close on February 21, 2022. A conference call to discuss these results will follow on February 22, 2022, at 9:00 a.m. Central Time, hosted by President and CEO Bob McCormick and CFO Sarah Lauber. Douglas Dynamics specializes in manufacturing and upfitting work truck attachments and equipment, with notable brands such as FISHER®, SNOWEX®, and WESTERN® in the Work Truck Attachments segment.
Douglas Dynamics, a leader in work truck attachments, announced a quarterly cash dividend of $0.285 per share for Q4 2021. This dividend will be payable on December 31, 2021 to shareholders on record by December 21, 2021. The company, known for brands like FISHER®, SNOWEX®, and WESTERN®, focuses on enhancing work efficiency and profitability through innovative products. The announcement reflects its commitment to driving shareholder value while maintaining a strong position in the work truck equipment market.
Douglas Dynamics reported net sales of $127.6 million for Q3 2021, a decrease from $133.8 million in Q3 2020. Diluted earnings per share were $0.30, down from $0.39 a year ago. The Attachments segment showed strong year-to-date performance, but overall results were impacted by supply chain constraints. Despite challenges, the company maintains a record backlog exceeding 140% of prior year levels. A quarterly dividend of $0.285 was paid on September 30, 2021. The outlook for 2021 estimates net sales between $525 million and $565 million.
Douglas Dynamics, Inc. (NYSE: PLOW) will release its third-quarter financial results on November 1, 2021, after market close. A conference call to discuss these results will take place on November 2, 2021, at 9:00 a.m. Central Time, hosted by CEO Bob McCormick and CFO Sarah Lauber. Douglas Dynamics is a leading manufacturer of work truck attachments and equipment, operating in two segments: Work Truck Attachments and Work Truck Solutions. The company emphasizes quality and continuous innovation to enhance profitability and shareholder value.
Douglas Dynamics, a leading manufacturer of work truck attachments, announced a quarterly cash dividend of $0.285 per share for Q3 2021. This dividend will be paid on September 30, 2021, to shareholders on record as of September 18, 2021. With over 70 years in the industry, Douglas Dynamics is committed to enhancing operational efficiency and profitability through its diverse product offerings, including snow and ice control equipment under well-known brands.
Douglas Dynamics reported strong second quarter results for 2021, with net sales of $157.5 million and a GAAP EPS of $0.60, significantly up from last year’s losses. The company saw a 31% increase in sales compared to Q2 2020, aided by pre-season demand in its Attachments segment. Despite challenges from supply chain issues and inflation, adjusted EBITDA margins improved to 21.3%. The company successfully refinanced its credit facilities, enhancing its liquidity to $114.3 million. Guidance for 2021 projects net sales between $520 million and $580 million.
Douglas Dynamics, Inc. (NYSE: PLOW) announces the upcoming release of its second quarter 2021 financial results, scheduled for August 2nd, 2021, after market close. A conference call to discuss these results will occur on August 3rd, 2021, at 9:00 a.m. Central Time, led by President and CEO Bob McCormick and CFO Sarah Lauber. The call will be available via the company's website and through designated phone lines. Douglas Dynamics is recognized as North America's premier manufacturer and upfitter of commercial work truck attachments and equipment.
Douglas Dynamics (NYSE: PLOW) has successfully refinanced $375 million in senior secured credit facilities into a new $225 million Term Loan A and a $100 million revolving credit facility due June 2026. This move is intended to optimize their capital structure and reinforce financial flexibility for future growth strategies. The terms include a leverage ratio of 3.50 to 1.00 and an interest rate linked to LIBOR. Proceeds will fund general corporate purposes and replace previous borrowings, aiding in the company’s continued market leadership in work truck equipment.
Douglas Dynamics, Inc. (NYSE: PLOW) declared a $0.285 cash dividend per share for Q2 2021. This dividend is set to be distributed on June 30, 2021, to shareholders recorded as of June 18, 2021. The firm, recognized as North America's leading manufacturer of work truck attachments, emphasizes continuous improvement through its proprietary management system, enhancing product quality and service levels to drive shareholder value.
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