Douglas Dynamics Q1 net sales up 20.3% to record $115.1M; net income positive $0.1M

DOUGLAS DYNAMICS, INC

2025-Q1 EPS reported $0.00 revenue$115,067,000

Net sales increased 20.3% to a record $115.1M; gross margin improved 470 bps to 24.5%.
Net income of $0.1M vs loss of $8.4M in Q1 2024; adjusted diluted EPS $0.09 vs ($0.29).
Work Truck Attachments net sales up 52.9% to $36.5M; adjusted EBITDA $0.3M vs ($4.5M).
Work Truck Solutions posted record quarterly adjusted EBITDA of $9.1M; margin 11.6%.
FY 2025 outlook maintained: net sales $610-$650M, adjusted EBITDA $75-$95M, adj EPS $1.30-$2.10.

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