---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010452"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:14:44.988879+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics reports Q1 net loss of $13.1M, cuts 2023 guidance on low snowfall

## Summary
- Q1 net sales $82.5M (down 20% YoY from $102.6M); net loss $13.1M vs $3.9M loss; diluted EPS $(0.58).
- Adjusted EBITDA loss $7.4M vs positive $4.6M in prior year; adjusted diluted EPS $(0.55) vs $(0.11).
- Low snowfall in core East Coast markets drove weak reorder patterns and expected lower pre-season orders.
- Updated 2023 guidance: net sales $620-650M, adjusted EBITDA $85-100M, adjusted EPS $1.55-2.00.
- Management reaffirms commitment to $3.00 EPS target by 2025; earnings call set for May 2, 2023.

## SEC filing metadata
- accession: 0001437749-23-010452
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287213/000143774923010452/0001437749-23-010452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774923010452/plow20230413_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010452
- JSON: https://secwatch.observer/filing/0001437749-23-010452.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010452.txt

## Key facts
- Earnings Releases
  DOUGLAS DYNAMICS, INC reported full year ending December 31, 2023 results: revenue $620 million to $650 million, EPS $1.55 per share to $2.00 per share. Guidance lowered.
  - Period: full year ending December 31, 2023
  - Revenue: $620 million to $650 million
  - EPS: $1.55 per share to $2.00 per share
  - Guidance: lowered
  - Result: guidance update
  source text: Updated 2023 financial outlook: ● Net Sales are expected to be between $620 million and $650 million. ● Adjusted EBITDA is predicted to range from $85 million to $100 million. ● Adjusted Earnings Per Share are expected to be in the range of $1.55 per share to $2.00 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923010452/0001437749-23-010452-index.htm
- Earnings Releases
  DOUGLAS DYNAMICS, INC reported quarter ended March 31, 2023 results: revenue $82.5, net income $(13.1), EPS $(0.58).
  - Period: quarter ended March 31, 2023
  - Revenue: $82.5
  - Net income: $(13.1)
  - EPS: $(0.58)
  - Result: preliminary results
  source text: today announced preliminary results for the quarter ended March 31, 2023, and updated its 2023 financial outlook. Preliminary Consolidated First Quarter 2023 Results $ in millions (except EPS) Q1 2023 Q1 2022 Net Sales $82.5 $102.6 Net Loss $(13.1) $(3.9) Diluted EPS $(0.58) $(0.18)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923010452/0001437749-23-010452-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.