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. (NYSE: PLOW) is described by the company as North America’s premier manufacturer and upfitter of commercial work truck attachments and equipment. The PLOW news page on Stock Titan aggregates company-issued announcements and market-moving updates so readers can follow how this work truck equipment manufacturer communicates with investors and stakeholders over time.
Douglas Dynamics’ news flow frequently highlights performance and developments in its two segments: Work Truck Attachments and Work Truck Solutions. Earnings releases provide detail on segment net sales, adjusted EBITDA, and factors such as municipal demand, snowfall patterns affecting snow and ice control equipment, and throughput and efficiency improvements. Management commentary often discusses backlog levels, product mix, and the impact of weather and economic conditions on work truck equipment demand.
Investors can also find announcements related to dividends, as the company regularly discloses quarterly cash dividend declarations on its common stock. Other news items include information on acquisitions, such as the purchase of substantially all the assets of Venco Venturo Industries LLC, which added truck-mounted service cranes and dump hoists to the Work Truck Attachments portfolio. Governance updates, including changes to the Board of Directors and committee assignments, appear in both press releases and related SEC filings.
By reviewing the Douglas Dynamics news stream, readers can track how the company reports its financial results, communicates strategic priorities like its Optimize, Expand, and Activate pillars, and updates the market on capital allocation decisions. Bookmark this page to quickly access the latest PLOW earnings releases, dividend announcements, acquisition news, and governance updates in one place.
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.
Douglas Dynamics, Inc. (PLOW) reported Q1 2020 net sales of $68.2 million, a decline from $93.2 million in Q1 2019, significantly impacted by below average snowfall, chassis supply constraints, and the COVID-19 pandemic. Gross profit margin fell to 17.1% from 24.6%. The company incurred a loss of $10.1 million, or $(0.44) per diluted share. Total liquidity remains at $86.3 million. Due to ongoing uncertainty, 2020 guidance has been withdrawn. Facilities, temporarily closed on March 18, began phased reopening in April, aiming for full operations by the end of May.