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. reports news on its work truck attachments and work truck solutions businesses, including commercial snow and ice control equipment, truck-mounted service cranes, dump hoists, municipal upfit work, and storage solutions. Its portfolio includes FISHER, SNOWEX, WESTERN, HENDERSON, DEJANA, VENCO and VENTURO brands across the Work Truck Attachments and Work Truck Solutions segments.
Recurring developments include operating results, snowfall- and municipal-demand trends, parts and accessories sales, capacity and manufacturing initiatives, completed acquisitions, cash dividends, outlook updates, and board governance changes.
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.
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).