Douglas Dynamics reports FY2022 net sales up 13.8% to $616.1M; EPS $1.63; Q1 dividend raised to $0.295

DOUGLAS DYNAMICS, INC

2022-FY EPS reported $1.63 revenue$616,068,000

Full year net sales $616.1M (+13.8% YoY); net income $38.6M (+25.8%); diluted EPS $1.63 (+26.4%).
Work Truck Attachments net sales $382.3M (+17.4%); Adjusted EBITDA margin 20.5% (down from 23.8%).
Work Truck Solutions net sales $233.8M (+8.4%); Adjusted EBITDA $8.6M (up from $2.2M); record backlog $360.3M.
Q1 2023 dividend increased to $0.295 per share (from $0.29), payable March 31, 2023.
2023 guidance: net sales $620-680M; Adjusted EBITDA $85-115M; Adjusted EPS $1.55-$2.45.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DOUGLAS DYNAMICS, INC reported the fiscal year ended December 31, 2022 results: revenue $616.1 million, net income $38.6 million, EPS $1.63 per diluted share. Guidance initiated.

Period: the fiscal year ended December 31, 2022
Revenue: $616.1 million
Net income: $38.6 million
EPS: $1.63 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

DYNAMICS REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Delivered Significantly Improved Full Year 2022 Results Full Year 2022 Highlights: ● Net Sales increased 13.8% to $616.1 million ● Net Income increased 25.8% to $38.6 million ● Diluted Earnings per Share increased 26.4% to $1.63 ● Both segments produced improved year-over-year results ● Announced 1Q23

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Source: SEC EDGAR

accession 0001437749-23-003890

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