Douglas Dynamics Inc Stock Price, News & Analysis

Douglas Dynamics (NYSE: PLOW) has declared a quarterly cash dividend of $0.28 per share for Q4 2020. This dividend is set to be paid on December 31, 2020, to shareholders on record as of December 18, 2020. As a leading manufacturer of work truck attachments and equipment in North America, Douglas Dynamics is recognized for its innovative solutions that enhance operational efficiency and profitability.

Douglas Dynamics reported third quarter 2020 net sales of $133.8 million, a decrease from $141.9 million in Q3 2019, with diluted EPS of $0.39 compared to $0.53 the previous year. The decline in net sales was attributed to the ongoing pandemic's effect on chassis supply, though the Attachments segment saw a 2% increase in sales. Adjusted EBITDA decreased to $23.1 million, reflecting lower sales but offset by effective cost management. A cash dividend of $0.28 per share was paid on September 30, 2020.

Douglas Dynamics announces the retirement of Director James L. Packard, effective at the conclusion of his term in 2021. Lisa Rojas Bacus has been elected as the new director, bringing over 30 years of leadership experience from roles in companies like Cigna and Ford Motor Company. Bacus will serve on key Board committees, enhancing the board's capabilities in marketing and strategic planning. The company expresses gratitude to Packard for his decade-long service while reaffirming its commitment to shareholder value.

Douglas Dynamics, Inc. (NYSE: PLOW) announced that it will release its third-quarter financial results on November 1, 2020, followed by a conference call on November 2, 2020, at 9:00 a.m. Central Time. The call will be led by CEO Bob McCormick and CFO Sarah Lauber, discussing the company's performance and outlook. With a history of over 65 years, Douglas Dynamics is known for its innovative solutions in commercial work truck attachments and equipment, emphasizing quality and service to enhance shareholder value.

Douglas Dynamics, Inc. (NYSE: PLOW) has declared a quarterly cash dividend of $0.28 per share for Q3 2020. This dividend will be paid on September 30, 2020, to shareholders on record as of September 18, 2020. The company emphasizes its commitment to shareholder value through continuous product innovation and quality service across its segments: Work Truck Attachments and Work Truck Solutions, which include popular brands like FISHER®, SNOWEX®, and WESTERN®.

Douglas Dynamics (NYSE: PLOW) announced that CFO Sarah Lauber was recognized as one of the Milwaukee Business Journal’s 2020 Chief Financial Officer of the Year award winners. Lauber joined Douglas three years ago and has been pivotal in enhancing the company’s financial position. Her team successfully refinanced a $325 million credit facility, bolstering the balance sheet in a challenging economic environment. Under her leadership, recent acquisitions have improved financial management, efficiency, and margins, contributing to the company’s growth strategy.

Douglas Dynamics, Inc. (NYSE: PLOW) is set to announce its second quarter 2020 financial results on August 3rd, 2020, after market close. A conference call to discuss these results will occur on August 4th, 2020, at 9:00 a.m. Central Time, led by President and CEO Bob McCormick and CFO Sarah Lauber. The call will be available via the company's website and through dedicated phone lines for domestic and international participants. Douglas Dynamics is recognized as North America's leading manufacturer and upfitter of commercial work truck attachments and equipment.

Douglas Dynamics, Inc. (NYSE: PLOW) has refinanced its senior secured credit facilities, securing $375 million in new financing. This includes a $275 million 6-year Term Loan B and a $100 million 3-year ABL Revolving Credit Facility. Proceeds will repay the existing $226 million Term Loan B due in 2021. Management cites improved liquidity and a robust capital structure as key benefits. Additionally, the company has successfully restarted operations at all 20 facilities, with 99% of furloughed employees returning. The refinancing terms are favorable, enhancing financial stability amidst current economic conditions.

Douglas Dynamics, a leading manufacturer of work truck attachments, has declared a quarterly cash dividend of $0.28 per share for Q2 2020. This dividend is set to be paid on June 30, 2020, to stockholders recorded by the close of business on June 19, 2020. With over 70 years in the industry, Douglas Dynamics is committed to product innovation and improving shareholder value through top-quality offerings and excellent service delivery.