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Douglas Dynamics, Inc. - PLOW STOCK NEWS

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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.

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Douglas Dynamics (NYSE: PLOW), North America's leading manufacturer of work truck attachments and equipment, has announced its second quarter 2024 earnings release schedule. The company will disclose financial results after market close on Monday, July 29, 2024, followed by a conference call on Tuesday, July 30, 2024, at 9:00 a.m. Central Time.

The call will be hosted by Jim Janik, Chairman and Interim President and CEO, and Sarah Lauber, Executive VP and CFO. Investors can join via simulcast on the company's website or by dialing in. Douglas Dynamics, with over 75 years of experience, operates through two segments: Work Truck Attachments (FISHER®, SNOWEX®, WESTERN® brands) and Work Truck Solutions (HENDERSON® and DEJANA® brands).

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Douglas Dynamics (NYSE: PLOW) announced that its Board of Directors approved a quarterly cash dividend of $0.295 per share for Q2 2024.

The dividend will be paid on June 28, 2024, to stockholders of record on June 17, 2024.

Douglas Dynamics is a key player in manufacturing and upfitting commercial work truck attachments and equipment, operating under renowned brands like FISHER, SNOWEX, WESTERN, HENDERSON, and DEJANA.

The company has been innovating for over 75 years to improve job efficiency and profitability for businesses, leveraging the Douglas Dynamics Management System (DDMS) to maintain high-quality standards and service delivery.

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Douglas Dynamics (NYSE: PLOW) announced a CEO transition process. CEO Bob McCormick will retire in July 2024 after 20 years with the company. He will stay as a consultant until the end of 2024. Chairman James L. Janik will assume the role of Interim President & CEO. The board is evaluating internal and external candidates for a permanent CEO. McCormick's tenure has been praised for his strategic leadership and commitment to excellence.

James L. Janik, who previously served as CEO from 2000 to 2018, will lead the company during the transition. Douglas Dynamics is North America's leading manufacturer of work truck attachments and equipment, with two main segments: Work Truck Attachments and Work Truck Solutions.

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Douglas Dynamics, Inc. reported improved results in Q1 2024 compared to Q1 2023, with a 16.0% increase in net sales to $95.7 million, and a net loss improvement of $4.7 million to $(8.4) million. The company expanded its 2024 Cost Savings Program aiming for $10+ million in annualized savings and paid a $0.295 per share cash dividend. The Work Truck Solutions segment delivered strong growth, increasing net sales by 13.4% to $71.8 million and more than doubling Adjusted EBITDA to $6.0 million. The Work Truck Attachments segment also improved, with net sales up by 23.9% to $23.8 million and Adjusted EBITDA improving by $5.7 million to ($4.5) million. The Company updated its 2024 outlook with net sales expected between $600 million and $640 million, Adjusted EBITDA between $70 million and $90 million, and Adjusted EPS between $1.20 and $1.70. The updated financial targets for both segments remain steady, with a positive outlook for the Solutions segment.

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Douglas Dynamics, Inc. (NYSE: PLOW) announced their first-quarter 2024 earnings release and conference call. The financial results will be released on April 29, 2024, with a conference call scheduled for April 30, 2024, hosted by the company's top executives.
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Douglas Dynamics, Inc. (NYSE: PLOW) reported improved 2023 results with Net Sales of $568.2 million, Net Income of $23.7 million, and Diluted Earnings per Share of $0.98. The company announced a 1Q24 quarterly dividend of $0.295 per share and outlined a 2024 full-year outlook. The Solutions segment showed significant improvement, while the Attachments segment faced challenges due to unprecedented weather trends. The 2024 Cost Savings Program aims to deliver $8 – 10 million in annualized savings.
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Douglas Dynamics, Inc. (NYSE: PLOW) will release financial results for Q4 and full year 2023 on Feb 26, 2024. A conference call with the CEO and CFO will follow on Feb 27, 2024. Investors can join the call or access the live webcast on the company's website.
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Douglas Dynamics, Inc. (PLOW) announced preliminary results for Q4 and full year 2023, showing a decrease in net sales and adjusted EBITDA due to low snowfall impacting work truck attachments. The company initiated a 2024 Cost Savings Program and expects 70-80% increase in adjusted EPS for 2024. A significant reduction in workforce is anticipated to yield annual pre-tax savings of $8-10 million. The company also amended its credit facility to provide greater financial flexibility.
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Douglas Dynamics, Inc. (NYSE: PLOW) declares a quarterly cash dividend of $0.295 per share for Q4 2023, payable on December 29, 2023, to stockholders of record on December 19, 2023.
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Douglas Dynamics, Inc. reported third-quarter financial results, with net sales of $144.1 million and net income of $5.8 million. Solutions net sales increased by approximately 18%, and adjusted EBITDA margin improved to 7.3%. The company also updated its 2023 guidance ranges and paid a cash dividend of $0.295 per share.
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FAQ

What does Douglas Dynamics, Inc. specialize in?

Douglas Dynamics specializes in designing, manufacturing, and selling snow and ice control equipment for light trucks, along with turf and other commercial/industrial grounds control products.

What brands are associated with Douglas Dynamics?

The company's brands include WESTERN®, FISHER®, SNOWEX®, TURFEX®, SWEEPEX®, and HENDERSON®.

Where is Douglas Dynamics headquartered?

Douglas Dynamics is headquartered in Milwaukee, Wisconsin.

How is Douglas Dynamics structured?

The company operates in two main segments: Work Truck Attachments and Work Truck Solutions.

What recent achievements has Douglas Dynamics made?

The company has seen improvements in both top and bottom-line results for its Work Truck Solutions segment, partially offsetting the impact of weather conditions on Attachments Results.

Who should I contact for investor relations at Douglas Dynamics?

You can contact Nathan Elwell, Vice President of Investor Relations, at 847-530-0249 or via email at investorrelations@douglasdynamics.com.

What are the future plans for leadership at Douglas Dynamics?

President & CEO Bob McCormick will retire in July, with current Chairman Jim Janik assuming the interim President & CEO role.

How many facilities does Douglas Dynamics operate?

The company leases fifteen manufacturing, upfit, and service facilities across several states in the U.S.

What types of products does Douglas Dynamics offer?

Douglas Dynamics offers a range of products from snowplows and spreaders to industrial maintenance and turf care equipment.

What is the company's outlook for 2024?

Douglas Dynamics maintains a strong outlook for 2024, supported by its innovative product lines and strategic market position.

Douglas Dynamics, Inc.

NYSE:PLOW

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580.12M
23.09M
2.84%
90.76%
1.47%
Heavy Duty Truck Manufacturing
Manufacturing
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United States of America
MILWAUKEE