Welcome to our dedicated page for Douglas Dynamics news (Ticker: PLOW), a resource for investors and traders seeking the latest updates and insights on Douglas Dynamics stock.
Douglas Dynamics, Inc. (PLOW) delivers specialized solutions in snow control equipment and commercial vehicle attachments through brands like Western and Fisher. This news hub provides investors and industry professionals with timely updates on corporate developments directly affecting operational and financial performance.
Access official press releases covering earnings reports, product innovations, and strategic partnerships. Our curated collection ensures you stay informed about PLOW's advancements in work truck solutions and industrial maintenance technologies without promotional bias.
Discover updates spanning two core business segments: Work Truck Attachments for snowplows/spreaders and Work Truck Solutions for vehicle upfitting services. Content includes manufacturing expansions, leadership changes, and market-specific operational updates relevant to commercial fleet operators and municipal service providers.
Bookmark this page for streamlined access to PLOW's evolving story in heavy-duty equipment manufacturing. Verify facts through primary sources while leveraging our aggregation for efficient tracking of material developments impacting the industrial sector.
Douglas Dynamics (NYSE: PLOW), North America's leading manufacturer of work truck attachments, announced key changes to its senior management team. Mark Van Genderen has been promoted to Chief Operating Officer and President of Work Truck Attachments, effective immediately. Linda Evans, Chief Human Resources Officer, will retire on January 2, 2025. Shannan Vlieger has been promoted to Senior Vice President, People and Culture, effective October 1, 2024.
Van Genderen, with 33 years of professional experience, will oversee both of the company's reporting segments. Evans, who joined in 2008, played a important role in the company's growth from 500 to 1,700 employees. Vlieger, an 8-year company veteran, will lead Human Resources, Organizational Development, Safety, and ESG efforts.
These appointments reflect Douglas Dynamics' commitment to strengthening leadership and culture, promoting from within to ensure alignment with the company's future goals.
Douglas Dynamics (NYSE: PLOW) has completed a $64.2 million sale-leaseback transaction with TPG Angelo Gordon, involving seven facilities across five states. The deal covers approximately 780,000 square feet of manufacturing and upfitting space. Key points:
- Net proceeds of about $50 million expected
- Initial lease term of 15 years with two 10-year renewal options
- Proceeds to be used for debt reduction and other corporate purposes
- Transaction aims to enhance financial flexibility while maintaining operational continuity
This strategic move allows Douglas Dynamics to optimize its balance sheet and position itself for future business investments while reinforcing its commitment to long-standing operational communities.
Douglas Dynamics (NYSE: PLOW), North America's leading manufacturer of work truck attachments and equipment, has declared a quarterly cash dividend of $0.295 per share for Q3 2024. The dividend will be paid on September 30, 2024 to stockholders of record as of September 16, 2024. Douglas Dynamics, with over 75 years of experience, is known for its innovative products that enhance job efficiency and business profitability. 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) reported Q2 2024 results with net sales of $199.9 million, down 3.6% year-over-year. The Work Truck Solutions segment delivered record Q2 results with 24% net sales growth and improved profitability. The 2024 Cost Savings Program is now expected to yield $11-12 million in annualized savings. Net income was $24.3 million or $1.02 per diluted share, in line with Q2 2023. Adjusted EBITDA increased to $43.7 million with a 21.9% margin. The company maintained its 2024 outlook, projecting net sales of $600-640 million and adjusted EPS of $1.20-$1.70. Work Truck Attachments segment faced challenges due to low snowfall, while Work Truck Solutions segment showed strong performance.
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).
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.
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.
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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