Douglas Dynamics Q2 2023 net sales up 10.5% to record $207.3M; adj. EBITDA up 26.9%

DOUGLAS DYNAMICS, INC

2023-Q2 EPS reported $0.45 revenue$289,812,000

Net sales $207.3M (+10.5% YoY); diluted EPS $1.01 vs $0.75; net income $24.0M (+35.2%).
Adjusted EBITDA $43.3M (+26.9%); margin improved to 20.9% from 18.2%.
Attachments segment record revenue $141.2M, 30% EBITDA margin (+420 bps YoY).
Solutions segment revenue $66.0M (+15.5%); adj. EBITDA $1.0M, supply chain constraints persist.
Reiterated FY2023 guidance: sales $620-650M, adj. EBITDA $85-100M, adj. EPS $1.55-2.00.

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