---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029427"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:17:35.529290+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics Q3 net sales $144.1M, adj EPS $0.25; lowers 2023 EBITDA outlook to $77-92M

## Summary
- Net sales down 13% YoY to $144.1M; net income $5.8M ($0.24 diluted EPS) vs $13.3M ($0.56) in Q3 2022.
- Attachments segment sales fell 30% to $75.9M; adjusted EBITDA margin 16.2% vs 21.2% due to low snowfall and dealer inventory.
- Solutions segment sales up 18% to $68.2M; adjusted EBITDA margin improved 350bps to 7.3% on pricing and efficiencies.
- 2023 guidance lowered: net sales $610-640M (prev $620-650M); adjusted EBITDA $77-92M (prev $85-100M); adj EPS $1.30-1.70 (prev $1.55-2.00).
- Paid quarterly dividend of $0.295/share on Sept 29, 2023; free cash flow negative $(71.9)M YTD.

## SEC filing metadata
- accession: 0001437749-23-029427
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287213/000143774923029427/0001437749-23-029427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774923029427/plow20231027_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029427
- JSON: https://secwatch.observer/filing/0001437749-23-029427.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029427.txt

## Key facts
- Earnings Releases
  DOUGLAS DYNAMICS, INC reported the third quarter ended September 30, 2023 results: revenue $144.1 million, net income $5.8 million, EPS $0.24 of diluted earnings per share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $144.1 million
  - Net income: $5.8 million
  - EPS: $0.24 of diluted earnings per share
  - Result: reported results
  source text: DOUGLAS DYNAMICS REPORTS THIRD QUARTER 2023 RESULTS Work Truck Solutions Improved Both Top and Bottom-Line Results Third Quarter Highlights: ● Produced Net Sales of $144.1 million ● Delivered Net Income of $5.8 million, or $0.24 of Diluted EPS ● Solutions Net Sales increased approximately 18% and Adjusted EBITDA margin improved to 7.3% ● Updated 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774923029427/0001437749-23-029427-index.htm

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