Core Insights - Douglas Dynamics, Inc. reported a record third quarter in its Solutions segment, with significant profitability improvements and a narrowed full-year outlook for 2024 [1][2]. Financial Performance - Net sales for Q3 2024 were $129.4 million, down from $144.1 million in Q3 2023, primarily due to low snowfall affecting the Attachments segment [3][4]. - Gross profit margin increased to 23.9% in Q3 2024 from 22.3% in Q3 2023, attributed to higher price realization and the 2024 Cost Savings Program [3][4]. - Net income for Q3 2024 was $32.3 million, compared to $5.8 million in the same period last year, while adjusted net income was $5.9 million, slightly down from $6.0 million [4][29]. - Diluted EPS rose to $1.36 in Q3 2024 from $0.24 in Q3 2023 [3][29]. Segment Performance - The Work Truck Attachments segment reported net sales of $60.2 million in Q3 2024, down from $75.9 million in Q3 2023, impacted by low reorder volumes and below-average snowfall [5][6]. - Adjusted EBITDA for the Attachments segment decreased to $8.1 million, with a margin of 13.5% compared to 16.2% in the previous year [5][6]. - The Work Truck Solutions segment achieved net sales of $69.1 million, slightly up from $68.2 million in Q3 2023, with adjusted EBITDA increasing 44% to $7.2 million and a margin of 10.4% [7][8]. Cost Savings and Strategic Initiatives - The 2024 Cost Savings Program is expected to yield $11 to $12 million in sustainable annualized savings, with $9 million anticipated in 2024 [1][3]. - A one-time gain of approximately $42.3 million was realized from a sale leaseback transaction of seven facilities valued at $64.2 million, primarily used to reduce term loan debt [3][4]. Dividend and Liquidity - A cash dividend of $0.295 per share was paid on September 30, 2024, to stockholders of record [1][9]. - Total liquidity as of September 30, 2024, was $90.9 million, consisting of $8.4 million in cash and $82.5 million available under the revolving credit facility [9][10]. 2024 Outlook - The company has adjusted its 2024 financial outlook, now expecting net sales between $570 million and $600 million, down from the previous range of $600 to $640 million [10][11]. - Adjusted EBITDA is now projected to range from $70 million to $80 million, and adjusted EPS is expected to be between $1.20 and $1.60 per share [10][11].

Core Viewpoint - Douglas Dynamics (PLOW) is currently viewed as a better value opportunity compared to CarGurus (CARG) based on various financial metrics and analyst outlooks [1]. Valuation Metrics - PLOW has a forward P/E ratio of 15.94, while CARG has a forward P/E of 19.63, indicating that PLOW is more attractively priced [2]. - The PEG ratio for PLOW is 1.14, compared to CARG's PEG ratio of 1.27, suggesting PLOW offers better value when considering expected earnings growth [2]. - PLOW's P/B ratio stands at 2.52, significantly lower than CARG's P/B of 7.19, further supporting PLOW's valuation advantage [3]. Analyst Outlook - PLOW holds a Zacks Rank of 2 (Buy), reflecting strong earnings estimate revision trends, while CARG has a Zacks Rank of 4 (Sell), indicating a less favorable analyst outlook [1]. - The overall Value grade for PLOW is A, whereas CARG has a Value grade of D, reinforcing the conclusion that PLOW is the superior value option at this time [3].

Core Viewpoint - Douglas Dynamics, Inc. will release its financial results for the third quarter of 2024 on October 28, 2024, after market close [1] Financial Results Announcement - The financial results will be discussed in a conference call on October 29, 2024, at 9:00 a.m. Central Time, hosted by key executives including the Chairman and Interim President [2] - The conference call will be available for live streaming on the company's website and can also be joined via domestic and international phone lines [3] Company Overview - Douglas Dynamics is recognized as North America's leading manufacturer and upfitter of commercial work truck attachments and equipment, with over 75 years of industry experience [4] - The company operates through two main segments: Work Truck Attachments, which includes snow and ice control equipment under the FISHER®, SNOWEX®, and WESTERN® brands, and Work Truck Solutions, which focuses on up-fitting and storage solutions under the HENDERSON® and DEJANA® brands [4]

The price trend for Douglas Dynamics (PLOW) has been bearish lately and the stock has lost 7.5% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Stree ...

Shares of Douglas Dynamics (PLOW) have gained 26.6% over the past four weeks to close the last trading session at $27.18, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $34 indicates a potential upside of 25.1%. The average comprises three short-term price targets ranging from a low of $25 to a high of $39, with a standard deviation of $7.81. While the lowest estimate indicates ...

Douglas Dynamics (PLOW) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The ...

| --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------|-------|------------------------------------|----------|----------------------------|-----------|-------------------| | Six Months Ended June 30, 2024 \nPoint in time | $ | Work Truck Attachments \n141,977 | Work \n$ | Truck Solutions \n97,796 | Total \n$ | Revenue \n239,773 | | Over time | | - | | 55,784 | | 55,784 | | Total revenue | $ | 141,977 | $ | 153,580 | $ | 295,557 | | Six Months Ended June ...

Douglas Dynamics, Inc. (NYSE:PLOW) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Nathan Elwell - Vice President, Investor Relations Jim Janik - Chairman and Interim President and CEO Sarah Lauber - Executive Vice President and CFO Conference Call Participants Mike Shlisky - D.A. Davidson Robert Schultz - Baird Greg Burns - Sidoti & Company Operator Good morning and welcome to the Douglas Dynamics Second Quarter 2024 Earnings Call. All participants will be in listen-only mod ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.47 on $170.1 million in revenues for the coming quarter and $1.47 on $622.5 million in revenues for the current fiscal year. This quarterly report represe ...

Positive Performance Driven by Work Truck Solutions Growth and Success of 2024 Cost Savings Program July 29, 2024 — Milwaukee, Wisconsin — Douglas Dynamics, Inc. (NYSE: PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the second quarter ended June 30, 2024. | --- | --- | --- | |------------------------------------------------|-----------|-----------| | $ in millions (except Margins & EPS) | Q2 2024 | Q2 2023 | | Net Sales ...