earnings
confidence high
sentiment neutral
materiality 0.75
Douglas Dynamics Q4 adj EPS $0.42; board authorizes $50M buyback; 2022 guidance wide
DOUGLAS DYNAMICS, INC
2021-FY EPS reported
$1.29
revenue$541,453,000
- Q4 net sales $152.9M, net income $8.8M ($0.37 diluted EPS), adj EBITDA $19.9M, adj diluted EPS $0.42.
- Work Truck Attachments Q4 net sales record $97.7M (+18% YoY); Solutions net sales $55.2M, adj EBITDA -$2.3M.
- Board authorized $50M share repurchase program; Q1 2022 dividend raised to $0.29 per share payable March 31.
- FY 2022 guidance: net sales $570-630M, adj EBITDA $70-100M, adj EPS $1.25-2.15; long-term adj EPS target $3.00 by 2025.
- Full year free cash flow $49.3M (up from $38.8M); total liquidity $136.1M at Dec 31, 2021.