Douglas Dynamics Q1 net loss of $13.1M; EPS -$0.58; guidance cut on low snowfall

DOUGLAS DYNAMICS, INC

2023-Q1 EPS reported -$0.58 revenue$82,545,000

Net sales $82.5M, down from $102.6M YoY; net loss $13.1M vs $3.9M loss last year.
Work Truck Attachments net sales dropped to $19.3M (vs $45.8M) due to lowest East Coast snowfall in decades.
Work Truck Solutions net sales rose 11.4% to $63.3M; adjusted EBITDA margin improved to 4.5%.
2023 outlook: net sales $620-650M, adjusted EPS $1.55-$2.00, down from prior guidance.
Quarterly dividend of $0.295 per share paid on March 31, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DOUGLAS DYNAMICS, INC reported 2023 results: revenue between $620 million and $650 million, EPS $1.55 per share to $2.00 per share. Guidance lowered.

Period: 2023
Revenue: between $620 million and $650 million
EPS: $1.55 per share to $2.00 per share
Guidance: lowered
Result: guidance update

Exact text from the filing

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.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DOUGLAS DYNAMICS, INC reported the first quarter ended March 31, 2023 results: revenue $82.5 million, net income $13.1 million, EPS $(0.58).

Period: the first quarter ended March 31, 2023
Revenue: $82.5 million
Net income: $13.1 million
EPS: $(0.58)
Result: reported results

Exact text from the filing

Douglas Dynamics, Inc. Nathan Elwell 847-530-0249 investorrelations@douglasdynamics.com DOUGLAS DYNAMICS REPORTS FIRST QUARTER 2023 RESULTS Highlights: ● Delivered Net Sales of $82.5 million ● Recorded Net Loss of $13.1 million, or $(0.58) of Diluted EPS ● Work Truck Attachments performance impacted by lowest East Coast snowfall season in decades ● Work Truck

View on SEC.gov

Browse all earnings releases →

DOUGLAS DYNAMICS, INC filing history →

Source: SEC EDGAR

accession 0001437749-23-011951

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.