Douglas Dynamics Q2: Net sales $199.9M (-3.6%), Adj EBITDA $43.7M, guidance maintained

DOUGLAS DYNAMICS, INC

2024-Q2 EPS reported $0.66 revenue$295,557,000

Net sales $199.9M (-3.6% YoY); net income $24.3M; diluted EPS $1.02 vs $1.01.
Work Truck Solutions record: net sales $81.8M (+23.8%), Adj EBITDA $7.9M (vs $1.0M).
Work Truck Attachments sales $118.1M (-16.4%) due to 40% below avg snowfall; Adj EBITDA margin 30.3%.
2024 Cost Savings Program now expects $11-$12M annualized savings, $9M realized in 2024.
2024 outlook maintained: Net sales $600M-$640M, Adj EBITDA $70M-$90M, Adj EPS $1.20-$1.70.

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