Douglas Dynamics Inc Stock Price, News & Analysis

Douglas Dynamics has announced that James D. Staley will retire from its Board of Directors at the 2023 annual stockholders meeting, after serving since 2010. In his place, Joher Akolawala has been elected as a new independent director. Akolawala brings over 30 years of financial and technological experience from roles at Pella Corporation, Walgreens Boots Alliance, and Mondelez International. He will be involved in various committees, enhancing the company's governance and strategic initiatives as they move forward.

Douglas Dynamics, a leading manufacturer of work truck attachments, has declared a quarterly cash dividend of $0.29 per share for Q3 2022. This dividend will be paid on September 30, 2022, to shareholders on record by September 19, 2022. The company continues to enhance shareholder value while offering innovative products through its Douglas Dynamics Management System. With over 75 years of experience, Douglas Dynamics is committed to delivering high-quality products and services in its Work Truck Attachments and Work Truck Solutions segments.

Douglas Dynamics reported strong Q2 2022 results with net sales of $187.6 million, a 19.1% increase YoY. Net income rose by 25.7% to $17.7 million, equating to $0.75Adjusted EBITDA increased to $34.1 million. The company narrowed its 2022 guidance, expecting net sales between $590 million and $630 million. A quarterly cash dividend of $0.29 was paid on June 30, 2022. The ongoing strength in the Work Truck Attachments segment, despite supply chain challenges, remains a positive signal for future growth.

Douglas Dynamics (NYSE: PLOW) announced it will release its second-quarter 2022 financial results after market close on August 1, 2022. A conference call to discuss these results will take place on August 2, 2022, at 9:00 a.m. Central Time, hosted by CEO Bob McCormick and CFO Sarah Lauber. The call will be available via the company’s website or by phone for both domestic and international participants.

Douglas Dynamics, Inc. (NYSE: PLOW) has declared a quarterly cash dividend of $0.29 per share for the second quarter of 2022. This dividend will be paid on June 30, 2022, to stockholders of record as of June 17, 2022. The company, recognized as North America's leading manufacturer of work truck attachments and equipment, emphasizes its commitment to shareholder value through continuous improvement and high-quality product delivery.

Douglas Dynamics, a leader in work truck attachments, will host a virtual investor event on May 25, 2022, at 10:30 a.m. Eastern. The event, lasting approximately 45 minutes, will cover the evolving demand for work truck attachments and present organic growth opportunities. Highlights include an exclusive product video and interviews with dealers from the 2022 NTEA Work Truck Show. Key executives, including CEO Bob McCormick and CFO Sarah Lauber, will lead the discussion. Registration details and an archived webcast will be available post-event.

Douglas Dynamics reported Q1 2022 net sales of $102.6 million, slightly down from $103.3 million in Q1 2021. The company faced a net loss of $3.9 million or $(0.18) diluted EPS. Adjusted EBITDA decreased to $4.6 million from $10.7 million year-over-year. Supply chain constraints impacted production, particularly in the Solutions segment, which saw a 7% decline in net sales. Despite challenges, the company reiterated its annual guidance, forecasting net sales between $570 million and $630 million for 2022.

Doulgas Dynamics (NYSE: PLOW) will release its first quarter 2022 financial results on May 2, 2022, after market close. The earnings report will be discussed during a conference call on May 3, 2022, at 9:00 a.m. Central Time. The call will be hosted by President and CEO Bob McCormick and CFO Sarah Lauber. Investors can access the live simulcast on the company’s website or via phone. Douglas Dynamics is recognized as North America's leading manufacturer of work truck attachments and equipment, emphasizing innovation and quality in its product offerings.

Douglas Dynamics, Inc. (PLOW) reported strong Q4 2021 results with net sales of $152.9 million and net income of $8.8 million. Adjusted EBITDA stood at $19.9 million. The Work Truck Attachments segment achieved record sales of $97.7 million, while the Work Truck Solutions segment faced challenges due to supply chain disruptions, reporting a decline in net sales to $55.2 million. The Board approved a $50 million share repurchase and increased the 1Q22 dividend to $0.29 per share. The 2022 outlook projects net sales between $570 million and $630 million, despite ongoing macroeconomic headwinds.