Financial Performance - Douglas Dynamics, Inc. reported a net sales increase of 20.3% to a record $115.1 million in Q1 2025 compared to Q1 2024, driven by higher sales of equipment and parts [5][6] - Gross profit margin improved by 470 basis points to 24.5%, reflecting enhanced operational efficiency [5][6] - Net income for the quarter was $0.1 million, a significant improvement from a net loss of $(8.4) million in the same period last year [5][6] - Adjusted EBITDA rose to $9.4 million from $1.5 million year-over-year, with a record adjusted diluted EPS of $0.09 [5][6] Segment Performance - The Work Truck Attachments segment saw net sales increase by 52.9% to $36.5 million, with adjusted EBITDA improving to $0.3 million from a loss of $(4.5) million [12][4] - The Work Truck Solutions segment reported net sales of $78.6 million, a 9.5% increase, and adjusted EBITDA of $9.1 million, up 51.7% from the previous year [13][8] Operational Highlights - The company experienced more typical winter weather patterns, leading to increased sales of ice control equipment, with snowfall approximately 30% higher than the previous winter [7] - Selling, general, and administrative expenses increased by $1.9 million to $23.4 million, attributed to improved performance and higher stock-based compensation [6] Liquidity and Capital Structure - The company paid a quarterly cash dividend of $0.295 per share on March 31, 2025, and reduced net cash used in operating activities significantly from $21.6 million in Q1 2024 to $1.3 million in Q1 2025 [14][6] - Total inventory at the end of Q1 2025 was $171.5 million, a decrease from $174.8 million year-over-year, with a notable reduction in the Attachments segment [14][6] 2025 Outlook - The company maintains a positive outlook for 2025, assuming stable economic conditions and average snowfall in core markets [15][11] - Guidance for 2025 includes expected net sales between $610 million and $650 million, with adjusted EBITDA projected to range from $75 million to $95 million [20][11]

Lead Director Don Sturdivant Appointed Chairman of the Board, Jim Janik to Continue Serving as DirectorMILWAUKEE, Wis., May 01, 2025 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced a planned board leadership transition. Current Chairman of the Board, James (Jim) L. Janik, has decided to step down from his role as Chairman, effective April 30, 2025. Mr. Janik will continue to serve as a member ...

Company Overview - Douglas Dynamics, Inc. is North America's premier manufacturer and upfitter of work truck attachments and equipment, with over 75 years of industry experience [3] - The company operates through two segments: Work Truck Attachments, which includes brands like FISHER®, SNOWEX®, and WESTERN®, and Work Truck Solutions, which includes the HENDERSON® and DEJANA® brands [3] Financial Results Announcement - Douglas Dynamics will release its financial results for the first quarter of 2025 after market close on May 5, 2025 [1] - A conference call to discuss these results will take place on May 6, 2025, at 9:00 a.m. Central Time, hosted by the President and CEO Mark Van Genderen and CFO Sarah Lauber [2] Commitment to Quality and Improvement - The company emphasizes continuous improvement through its proprietary Douglas Dynamics Management System (DDMS), aiming to produce high-quality products and provide industry-leading service [3]

Interim President & CEO Jim Janik Returning to Role as Chairman of the Board of DirectorsMILWAUKEE, March 03, 2025 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced the Board of Directors has appointed Mark Van Genderen as President and Chief Executive Officer (CEO), effective immediately. He will also join the Board of Directors effective immediately. Mr. Van Genderen has been with the company ...

MILWAUKEE, March 03, 2025 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced the Board of Directors has appointed Mark Van Genderen as President and Chief Executive Officer (CEO), effective immediately. He will also join the Board of Directors effective immediately. Mr. Van Genderen has been with the company for five years, and most recently served as Chief Operating Officer and President of Work ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-34728 DOUGLAS DYNAMICS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdict ...

Douglas Dynamics, Inc. (NYSE:PLOW) Q4 2024 Earnings Conference Call February 25, 2025 10:00 AM ET Company Participants Nathan Elwell - Vice President of Investor Relations Jim Janik - Chairman and Interim President and CEO Sarah Lauber - Executive Vice President and CFO Mark Van Genderen - COO and President of Work Truck Attachments Conference Call Participants Mike Shlisky - D. A. Davidson Greg Burns - Sidoti and Co Operator Good day, and welcome to the Douglas Dynamics' Fourth Quarter 2024 Earnings Confer ...

Douglas Dynamics (PLOW) Q4 2024 Earnings Call February 25, 2025 10:00 AM ET Company Participants Nathan Elwell - VP - Investor RelationsJames Janik - ChairmanMark Van Genderen - President & CEOSarah Lauber - Executive VP, CFO & Secretary Conference Call Participants Michael Shlisky - Managing Director & Senior Equity Research AnalystGregory Burns - Analyst Operator Good day, and welcome to the Douglas Dynamics Fourth Quarter twenty twenty four Earnings Conference Call. All participants will be in a listen o ...

Douglas Dynamics (PLOW) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this snowplow maker would post earnings of $0.23 per share when it actually produced earnings of $0.24, delivering a surprise of 4.35%.Over the last four quarters, the co ...

Financial Performance - Full Year 2024 Net Sales reached $568.5 million, a slight increase from $568.2 million in 2023[3] - Full Year Net Income increased significantly to $56.2 million, compared to $23.7 million in 2023, driven by a one-time gain of $42.3 million from a sale leaseback transaction[6] - Adjusted EBITDA for 2024 rose 16.4% to $79.3 million, with an Adjusted EBITDA Margin of 14.0%, up from 12.0% in 2023[6] - Adjusted Diluted EPS increased approximately 45% to $1.47, compared to $1.01 in 2023[4] - Net income for the twelve-month period ended December 31, 2024, reached $56,151 thousand, significantly higher than $23,723 thousand in 2023, marking an increase of 136.5%[25] - Adjusted EBITDA for the twelve-month period ended December 31, 2024, was $79,349,000, up from $68,122,000 in 2023, reflecting a growth of 16.5%[31] - Adjusted net income for the twelve-month period ended December 31, 2024, was $35,167,000, compared to $24,370,000 in 2023, marking an increase of 44.3%[34] - The weighted average diluted earnings per share for the twelve-month period ended December 31, 2024, was $2.36, compared to $0.98 in 2023, representing a significant increase of 140.8%[34] Segment Performance - The Work Truck Solutions segment achieved record full year Net Sales of $312.5 million, a 13.0% increase from $276.5 million in 2023[11] - The Work Truck Attachments segment saw a decline in Net Sales to $256.0 million for 2024, down from $291.7 million in 2023, due to low snowfall impacting demand[5] - The company reported an adjusted EBITDA margin of 16.7% for the Work Truck Attachments segment in Q4 2024, compared to 11.1% in Q4 2023[29] - The Work Truck Solutions segment reported net sales of $89,765 thousand for Q4 2024, up from $78,868 thousand in Q4 2023, an increase of 13.5%[29] Cash Flow and Assets - Operating cash flow for the twelve-month period ended December 31, 2024, was $41,131 thousand, compared to $12,469 thousand in 2023, indicating a significant improvement[27] - Free cash flow for the three-month period ended December 31, 2024, was $70,576,000, slightly down from $73,819,000 in 2023, while the twelve-month free cash flow increased to $33,321,000 from $1,948,000 in 2023[37] - The net cash provided by operating activities for the three-month period ended December 31, 2024, was $74,404,000, compared to $76,617,000 in 2023, showing a decrease of 2.9%[37] - Cash and cash equivalents at the end of the period decreased to $5,119 thousand from $24,156 thousand, a decline of 78.8%[27] - The company’s total assets decreased slightly from $593,418 thousand in 2023 to $589,983 thousand in 2024, a decrease of 0.7%[23] Liabilities and Expenses - Total current liabilities decreased from $118,517 thousand in 2023 to $70,192 thousand in 2024, a reduction of 40.7%[23] - The company incurred restructuring and severance costs of $1,997,000 for the twelve-month period ended December 31, 2024, compared to no such costs in 2023[34] - The company reported an interest expense of $3,144,000 for the three-month period ended December 31, 2024, down from $4,468,000 in 2023, indicating a decrease of 29.7%[31] - Stock-based compensation for the three-month period ended December 31, 2024, was $1,233,000, compared to a negative $3,283,000 in 2023, indicating a positive shift in compensation expenses[34] - The company reported a depreciation expense of $2,231,000 for the three-month period ended December 31, 2024, down from $2,852,000 in 2023, reflecting a decrease of 21.8%[31] Future Outlook - Total backlog at the start of 2025 was approximately $348 million, significantly elevated compared to historical averages[6] - The company expects 2025 Net Sales to be between $610 million and $650 million, with Adjusted EBITDA projected to range from $75 million to $95 million[14] Taxation - The effective tax rate for 2024 was 24.0%, an increase from 18.9% in 2023, influenced by a tax benefit related to investment tax credits in the prior year[6] Quarterly Performance - Net sales for the three-month period ended December 31, 2024, increased to $143,549 thousand, up from $134,245 thousand in the same period of 2023, representing a growth of 9.7%[25] - Net income for the three-month period ended December 31, 2024, was $7,907,000, compared to $7,077,000 for the same period in 2023, representing an increase of 11.7%[31] - Gross profit for the twelve-month period ended December 31, 2024, was $146,837 thousand, compared to $134,270 thousand in 2023, reflecting an increase of 9.4%[25]