Core Insights - Douglas Dynamics reported a third quarter with sales growth driven by strong demand in its Work Truck Solutions segment, although revenues slightly missed Wall Street expectations [1][6] - The company experienced over 30% growth in the Solutions segment due to sustained municipal and commercial demand, enhanced operational throughput, and effective inventory management [1] - CEO Mark Van Genderen emphasized the potential for profitable growth through the integration of Venco Venturo's capabilities [1] Financial Performance - Revenue for Q3 was $162.1 million, compared to analyst estimates of $163.3 million, reflecting a 25.3% year-on-year growth but a 0.7% miss [6] - Adjusted EPS was $0.40, aligning with analyst estimates of $0.39, while Adjusted EBITDA reached $20.09 million, exceeding estimates of $18 million with a margin of 12.4% [6] - The company raised its full-year revenue guidance to $647.5 million at the midpoint, up from $645 million, and increased Adjusted EPS guidance to $2.05, a 7.9% increase [6] Segment Performance - The Attachments segment performed in line with expectations, benefiting from preseason shipments and cost control measures amid market uncertainties [1] - Both municipal and commercial divisions within the Solutions segment achieved record results, with incremental margins expected to approach 25% for the full year despite quarterly variability [6] Acquisition Insights - The Venco Venturo acquisition was described as a strategic fit, with sales estimated in the $30–40 million range, although specific purchase multiples were not disclosed [6] - DEJANA, part of the Solutions segment, is already utilizing Venco Venturo products, indicating potential for cross-selling opportunities [6]