Douglas Dynamics Inc Stock Price, News & Analysis

Douglas Dynamics (NYSE: PLOW), North America's leading manufacturer of work truck attachments and equipment, announced a board leadership transition. Jim Janik will step down as Chairman effective April 30, 2025, but will continue serving as a Board member. Don Sturdivant, the current Lead Director, has been appointed as the new Chairman.

Sturdivant, who has served on the Board since 2010 and as Lead Director since 2023, brings extensive experience as an Operating Partner at TruArc LLC and former CEO positions at FleetPride and Marietta Corporation. With this appointment, the company will eliminate the Lead Director role.

Douglas Dynamics (NYSE: PLOW), North America's premier manufacturer of work truck attachments and equipment, has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after market close. A conference call discussing the results will be held on Tuesday, May 6, 2025, at 9:00 a.m. Central Time, led by President and CEO Mark Van Genderen and EVP/CFO Sarah Lauber.

The company operates through two segments: Work Truck Attachments, featuring commercial snow and ice control equipment under the FISHER®, SNOWEX® and WESTERN® brands, and Work Truck Solutions, which includes attachments and storage solutions under the HENDERSON® and DEJANA® brands. Douglas Dynamics has been innovating products for over 75 years, focusing on operational efficiency and business profitability through its proprietary Douglas Dynamics Management System (DDMS).

Douglas Dynamics (NYSE: PLOW), North America's premier manufacturer of work truck attachments and equipment, has announced Mark Van Genderen as its new President and CEO, effective immediately. Van Genderen, who will also join the Board of Directors, previously served as Chief Operating Officer and President of Work Truck Attachments.

Van Genderen brings five years of experience with Douglas Dynamics and a 21-year tenure at Harley-Davidson Motor Company. His previous roles at Douglas Dynamics included President of Commercial Snow & Ice Control and Vice President of Strategy and Business Development. He succeeds Interim President & CEO Jim Janik, who will return to his position as Chairman of the Board of Directors.

The Board expressed confidence in Van Genderen's leadership abilities, citing his strategic thinking and operational acumen as important factors for the company's future growth in the work truck industry. Under Janik's interim leadership, the company reported improved results in 2024 and established a foundation for future growth.

Douglas Dynamics (NYSE: PLOW) reported its financial results for Q4 and full year 2024, highlighting record performance at Work Truck Solutions and margin improvements at Work Truck Attachments. The company achieved net sales of $568.5 million, net income of $56.2 million, and diluted earnings per share (EPS) of $2.36. Adjusted net income and adjusted EPS increased approximately 45% to $35.2 million and $1.47, respectively.

The 2024 Cost Savings Program exceeded expectations, delivering over $10 million in savings. The Work Truck Solutions segment saw a 13.0% increase in net sales to $312.5 million, with adjusted EBITDA up 75.6% to $30.9 million. The Work Truck Attachments segment improved margins by 160 basis points to 18.9% despite suppressed demand.

For 2025, Douglas Dynamics forecasts net sales between $610 million and $650 million, adjusted EBITDA from $75 million to $95 million, and adjusted EPS of $1.30 to $2.10. The company declared a quarterly dividend of $0.295 per share for Q1 2025. Liquidity at the end of 2024 included $5.1 million in cash and $150 million in borrowing availability. Free cash flow increased to $33.3 million from $1.9 million in 2023.

Douglas Dynamics (NYSE: PLOW) has appointed Chris Bernauer as President of Work Truck Attachments, effective February 28, 2025. Bernauer brings over 30 years of manufacturing sector experience, most recently serving as President & CEO of Temperature Systems Inc. and previously as President of Harris & Cypress Cay Pontoons at Brunswick

Based in Milwaukee and reporting to COO Mark Van Genderen, Bernauer will manage strategy, operations, and new product development for the Work Truck Attachments division. He takes over from Van Genderen, who is now focusing on his COO responsibilities since September 2024.

Bernauer's extensive background includes 18 years at Harley-Davidson in various roles, leadership positions at Indian Motorcycle Company, and early career experience at Toyota Motor Manufacturing. He holds a B.S. in Mechanical Engineering from UW-Madison and an MBA from Northwestern's Kellogg School of Management.

Douglas Dynamics (NYSE: PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, has scheduled its fourth quarter and full year 2024 earnings release for Monday, February 24, 2025, after market close. A conference call to discuss the results will be held on Tuesday, February 25, 2025, at 9:00 a.m. Central Time.

The call will be hosted by Jim Janik (Chairman and Interim President and CEO), Sarah Lauber (Executive VP and CFO), and Mark Van Genderen (COO and President, Work Truck Attachments). The company operates through two segments: Work Truck Attachments (including FISHER®, SNOWEX®, and WESTERN® brands) and Work Truck Solutions (including HENDERSON® and DEJANA® brands).

Douglas Dynamics (NYSE: PLOW), North America's premier manufacturer of work truck attachments and equipment, has declared a quarterly cash dividend of $0.295 per share for the fourth quarter of 2024. The dividend will be paid on December 31, 2024 to stockholders of record as of December 16, 2024.

The company operates through two segments: Work Truck Attachments, which includes commercial snow and ice control equipment under the FISHER, SNOWEX, and WESTERN brands, and Work Truck Solutions, which provides attachments and storage solutions under the HENDERSON and DEJANA brands.

Douglas Dynamics (NYSE: PLOW) reported Q3 2024 financial results with net sales of $129.4 million, down from $144.1 million in Q3 2023. The company achieved a net income of $32.3 million, including a one-time gain of $42.3 million from a sale-leaseback transaction. Solutions segment delivered record third quarter results, while Attachments segment faced challenges due to low snowfall. The company narrowed its 2024 outlook, now expecting net sales between $570-600 million and adjusted EBITDA of $70-80 million. The 2024 Cost Savings Program is on track to deliver $11-12 million in annualized savings.

Douglas Dynamics, Inc. (NYSE: PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, has announced the release of its third quarter 2024 financial results. The results will be disclosed after market close on Monday, October 28, 2024, followed by a conference call on Tuesday, October 29, 2024, at 9:00 a.m. Central Time.

The call will be hosted by Jim Janik (Chairman and Interim President and CEO), Sarah Lauber (Executive VP and CFO), and Mark Van Genderen (COO and President, Work Truck Attachments). Investors can join the call via simulcast on the company's website or by dialing (833) 634-5024 domestically or (412) 902-4205 internationally.