---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005597"
form_type: "8-K"
ticker: "PLOW"
cik: "0001287213"
company_name: "DOUGLAS DYNAMICS, INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:51:33.348135+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Douglas Dynamics FY2023 net sales down 8% to $568.2M, net income $23.7M vs $38.6M

## Summary
- Diluted EPS $0.98 (adjusted $1.01) vs $1.63 (adjusted $1.84) in FY2022; interest expense rose to $15.7M.
- Work Truck Attachments hit by record low snowfall; segment net sales fell to $291.7M from $382.3M.
- Work Truck Solutions net sales up 18% to $276.5M, Adjusted EBITDA doubled to $17.6M; margins improved.
- 2024 Cost Savings Program expected to deliver $8M-$10M annualized pre-tax savings, ~$2M restructuring charges.
- Q1 2024 dividend $0.295/share declared; FY2024 guidance: revenue $600M-$660M, Adj. EPS $1.20-$2.10.

## SEC filing metadata
- accession: 0001437749-24-005597
- form_type: 8-K
- ticker: PLOW
- cik: 0001287213
- company_name: DOUGLAS DYNAMICS, INC
- filed_at: 2024-02-27T23:59:59+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/1287213/000143774924005597/0001437749-24-005597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287213/000143774924005597/plow20240223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005597
- JSON: https://secwatch.observer/filing/0001437749-24-005597.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005597.txt

## Key facts
- Earnings Releases
  DOUGLAS DYNAMICS, INC reported the quarter and full year ended December 31, 2023 results: revenue Net Sales of $568.2 million, net income Net Income of $23.7 million, EPS Diluted Earnings per Share of $0.98.
  - Period: the quarter and full year ended December 31, 2023
  - Revenue: Net Sales of $568.2 million
  - Net income: Net Income of $23.7 million
  - EPS: Diluted Earnings per Share of $0.98
  - Result: reported results
  source text: hindered by unprecedented weather trends ● Implementation of 2024 Cost Savings Program on track to deliver $8 – 10 million in annualized savings ● Delivered Net Sales of $568.2 million, Net Income of $23.7 million, and Diluted Earnings per Share of $0.98 ● Announced 1Q24 quarterly dividend of $0.295 per share ● Outlined 2024 full year outlook February 26, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287213/000143774924005597/0001437749-24-005597-index.htm

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