earnings
confidence high
sentiment negative
materiality 0.80
Douglas Dynamics Q3 net sales down 4.6% YoY; lowers FY2021 guidance on supply chain woes
DOUGLAS DYNAMICS, INC
2021-Q3 EPS reported
$0.92
revenue$388,508,000
- Net sales $127.6M (down from $133.8M); GAAP EPS $0.30, adjusted EPS $0.29, both down YoY.
- Attachments segment sales up 6% to $81.4M but Adj EBITDA fell 27% to $14.8M on input cost inflation.
- Solutions segment sales down 19% to $46.3M; record backlog >140% of prior record due to supply constraints.
- Full-year 2021 guidance lowered: net sales $525-565M, Adj EBITDA $75-90M, Adj EPS $1.40-1.90.
- Quarterly dividend maintained at $0.285/share; paid Sept 30, 2021.