Douglas Dynamics Q2 net sales record $187.6M (+19%); net income $17.7M (+25.7%); guides narrowed

DOUGLAS DYNAMICS, INC

2022-Q2 EPS reported $0.58 revenue$290,162,000

Record Q2 net sales of $187.6M, up 19.1% YoY; net income $17.7M (+25.7%), diluted EPS $0.75.
Adjusted EBITDA $34.1M (margin 18.2% vs 21.3% prior year); adjusted diluted EPS $0.85.
Work Truck Attachments net sales record $130.4M (+24.6%); Solutions $57.2M (+8%).
FY22 guidance narrowed: net sales $590M-$630M, adj. EBITDA $75M-$95M, adj. EPS $1.40-$2.00.

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