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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 reported record first-quarter results for 2021, with net sales of $103.3 million, up 51% from last year, driven by significant snowfall in February. Gross profit margin increased to 25.4%, a rise of 830 basis points. Net income reached $0.7 million or $0.03 EPS. Adjusted EBITDA soared to $10.7 million compared to a loss of $1.7 million in 2020. While demand appears strong, the company anticipates challenges from ongoing supply chain disruptions. The 2021 guidance remains unchanged with expected net sales between $505 million and $565 million.
Douglas Dynamics, a leading manufacturer of work truck attachments and equipment, will release its Q1 2021 financial results on May 3, 2021, after market close. A conference call to discuss the results is scheduled for May 4, 2021, at 9:00 a.m. CT, hosted by CEO Bob McCormick and CFO Sarah Lauber. Douglas Dynamics has been innovating for over 65 years, focusing on enhancing efficiency and profitability for businesses through its diverse product range.
Douglas Dynamics (NYSE: PLOW) reported its Q4 2020 results, achieving net sales of $158.2 million and a 57% increase in net income to $18.2 million compared to Q4 2019. The company saw an improved gross profit margin of 30.2%, up from 28.9% the previous year. Adjusted EBITDA rose to $33.2 million, indicating stronger operational performance despite a 16% decline in full-year sales to $480.2 million. The company declared a quarterly dividend of $0.285 per share for Q1 2021, signaling confidence in future performance as they forecast 2021 net sales between $505 million and $565 million.
Douglas Dynamics (NYSE: PLOW) will release its Q4 and full year 2020 financial results on February 22, 2021, after market close. A conference call to discuss these results will take place on February 23, 2021, at 9:00 a.m. Central Time, hosted by Bob McCormick and Sarah Lauber.
The company's divisions include the Work Truck Attachments segment, featuring brands like FISHER®, SNOWEX®, and WESTERN®, and the Work Truck Solutions segment, represented by HENDERSON® and DEJANA® brands.
Douglas Dynamics (NYSE: PLOW) has declared a quarterly cash dividend of $0.28 per share for Q4 2020. This dividend is set to be paid on December 31, 2020, to shareholders on record as of December 18, 2020. As a leading manufacturer of work truck attachments and equipment in North America, Douglas Dynamics is recognized for its innovative solutions that enhance operational efficiency and profitability.
Douglas Dynamics reported third quarter 2020 net sales of $133.8 million, a decrease from $141.9 million in Q3 2019, with diluted EPS of $0.39 compared to $0.53 the previous year. The decline in net sales was attributed to the ongoing pandemic's effect on chassis supply, though the Attachments segment saw a 2% increase in sales. Adjusted EBITDA decreased to $23.1 million, reflecting lower sales but offset by effective cost management. A cash dividend of $0.28 per share was paid on September 30, 2020.
Douglas Dynamics announces the retirement of Director James L. Packard, effective at the conclusion of his term in 2021. Lisa Rojas Bacus has been elected as the new director, bringing over 30 years of leadership experience from roles in companies like Cigna and Ford Motor Company. Bacus will serve on key Board committees, enhancing the board's capabilities in marketing and strategic planning. The company expresses gratitude to Packard for his decade-long service while reaffirming its commitment to shareholder value.
Douglas Dynamics, Inc. (NYSE: PLOW) announced that it will release its third-quarter financial results on November 1, 2020, followed by a conference call on November 2, 2020, at 9:00 a.m. Central Time. The call will be led by CEO Bob McCormick and CFO Sarah Lauber, discussing the company's performance and outlook. With a history of over 65 years, Douglas Dynamics is known for its innovative solutions in commercial work truck attachments and equipment, emphasizing quality and service to enhance shareholder value.
Douglas Dynamics, Inc. (NYSE: PLOW) has declared a quarterly cash dividend of $0.28 per share for Q3 2020. This dividend will be paid on September 30, 2020, to shareholders on record as of September 18, 2020. The company emphasizes its commitment to shareholder value through continuous product innovation and quality service across its segments: Work Truck Attachments and Work Truck Solutions, which include popular brands like FISHER®, SNOWEX®, and WESTERN®.
Douglas Dynamics (NYSE: PLOW) announced that CFO Sarah Lauber was recognized as one of the Milwaukee Business Journal’s 2020 Chief Financial Officer of the Year award winners. Lauber joined Douglas three years ago and has been pivotal in enhancing the company’s financial position. Her team successfully refinanced a $325 million credit facility, bolstering the balance sheet in a challenging economic environment. Under her leadership, recent acquisitions have improved financial management, efficiency, and margins, contributing to the company’s growth strategy.
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