---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011951"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:44:13.777180+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-011951
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287213/000143774923011951/0001437749-23-011951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774923011951/plow20230424_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011951
- JSON: https://secwatch.observer/filing/0001437749-23-011951.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011951.txt

## Key facts
- Earnings Releases
  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
  source text: 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/1287213/000143774923011951/0001437749-23-011951-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923011951/0001437749-23-011951-index.htm

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