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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, a leading manufacturer of work truck attachments, announced a quarterly cash dividend of $0.285 per share for Q3 2021. This dividend will be paid on September 30, 2021, to shareholders on record as of September 18, 2021. With over 70 years in the industry, Douglas Dynamics is committed to enhancing operational efficiency and profitability through its diverse product offerings, including snow and ice control equipment under well-known brands.
Douglas Dynamics reported strong second quarter results for 2021, with net sales of $157.5 million and a GAAP EPS of $0.60, significantly up from last year’s losses. The company saw a 31% increase in sales compared to Q2 2020, aided by pre-season demand in its Attachments segment. Despite challenges from supply chain issues and inflation, adjusted EBITDA margins improved to 21.3%. The company successfully refinanced its credit facilities, enhancing its liquidity to $114.3 million. Guidance for 2021 projects net sales between $520 million and $580 million.
Douglas Dynamics, Inc. (NYSE: PLOW) announces the upcoming release of its second quarter 2021 financial results, scheduled for August 2nd, 2021, after market close. A conference call to discuss these results will occur on August 3rd, 2021, 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 designated phone lines. Douglas Dynamics is recognized as North America's premier manufacturer and upfitter of commercial work truck attachments and equipment.
Douglas Dynamics (NYSE: PLOW) has successfully refinanced $375 million in senior secured credit facilities into a new $225 million Term Loan A and a $100 million revolving credit facility due June 2026. This move is intended to optimize their capital structure and reinforce financial flexibility for future growth strategies. The terms include a leverage ratio of 3.50 to 1.00 and an interest rate linked to LIBOR. Proceeds will fund general corporate purposes and replace previous borrowings, aiding in the company’s continued market leadership in work truck equipment.
Douglas Dynamics, Inc. (NYSE: PLOW) declared a $0.285 cash dividend per share for Q2 2021. This dividend is set to be distributed on June 30, 2021, to shareholders recorded as of June 18, 2021. The firm, recognized as North America's leading manufacturer of work truck attachments, emphasizes continuous improvement through its proprietary management system, enhancing product quality and service levels to drive shareholder value.
Douglas Dynamics reported record first-quarter results for 2021, with net sales of $103.3 million, up 51% from last year, driven by significant snowfall in February. Gross profit margin increased to 25.4%, a rise of 830 basis points. Net income reached $0.7 million or $0.03 EPS. Adjusted EBITDA soared to $10.7 million compared to a loss of $1.7 million in 2020. While demand appears strong, the company anticipates challenges from ongoing supply chain disruptions. The 2021 guidance remains unchanged with expected net sales between $505 million and $565 million.
Douglas Dynamics, a leading manufacturer of work truck attachments and equipment, will release its Q1 2021 financial results on May 3, 2021, after market close. A conference call to discuss the results is scheduled for May 4, 2021, at 9:00 a.m. CT, hosted by CEO Bob McCormick and CFO Sarah Lauber. Douglas Dynamics has been innovating for over 65 years, focusing on enhancing efficiency and profitability for businesses through its diverse product range.
Douglas Dynamics (NYSE: PLOW) reported its Q4 2020 results, achieving net sales of $158.2 million and a 57% increase in net income to $18.2 million compared to Q4 2019. The company saw an improved gross profit margin of 30.2%, up from 28.9% the previous year. Adjusted EBITDA rose to $33.2 million, indicating stronger operational performance despite a 16% decline in full-year sales to $480.2 million. The company declared a quarterly dividend of $0.285 per share for Q1 2021, signaling confidence in future performance as they forecast 2021 net sales between $505 million and $565 million.
Douglas Dynamics (NYSE: PLOW) will release its Q4 and full year 2020 financial results on February 22, 2021, after market close. A conference call to discuss these results will take place on February 23, 2021, at 9:00 a.m. Central Time, hosted by Bob McCormick and Sarah Lauber.
The company's divisions include the Work Truck Attachments segment, featuring brands like FISHER®, SNOWEX®, and WESTERN®, and the Work Truck Solutions segment, represented by HENDERSON® and DEJANA® brands.
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.