Douglas Dynamics Q3 adj EPS $0.24; narrows FY24 guidance; sale-leaseback gain $42.3M

DOUGLAS DYNAMICS, INC

2024-Q3 EPS reported $2.04 revenue$424,955,000

Q3 net sales $129.4M (down 10% YoY); adj. EBITDA $15.3M vs $17.3M.
Solutions segment record Q3 adj. EBITDA margin 10.4% (up 310bps); Attachments segment down on low snowfall.
FY24 guidance narrowed: sales $570-600M (prev $600-640M), adj. EPS $1.20-1.60 (prev $1.20-1.70).
One-time $42.3M gain from sale-leaseback; proceeds used to pay down debt; leverage ratio 2.6x.
Quarterly dividend of $0.295/share paid Sept 30, 2024.

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