Core Viewpoint - Douglas Dynamics, Inc. has completed the acquisition of Venco Venturo Industries LLC, enhancing its portfolio of work truck attachments and equipment, which aligns with its strategic goal of diversifying and balancing its offerings [1][2][3] Company Overview - Douglas Dynamics is recognized as North America's leading manufacturer and upfitter of commercial work truck attachments and equipment, with a history of over 75 years in innovation [5] - The company operates through two segments: Work Truck Attachments, which includes snow and ice control equipment, and Work Truck Solutions, which focuses on up-fitting market-leading attachments and storage solutions [5] Acquisition Details - The acquisition of Venco Venturo Industries LLC is expected to be modestly accretive to earnings per share and free cash flow positive before synergies in 2026 [3] - Venco Venturo, founded in 1952, specializes in electric and hydraulic cranes and dump hoists, employing 70 people across two facilities in Ohio [2][3] - The terms of the acquisition deal were not disclosed, with Hanley, Hamill, Thomas, Inc. and D.A. Davidson & Co. acting as financial advisors [4] Strategic Implications - The acquisition is a significant step in executing the company's Activate strategic pillar, aimed at acquiring complex attachments to enhance growth opportunities [2] - The integration of Venco Venturo's expertise in truck-mounted service cranes with Douglas Dynamics' existing capabilities is anticipated to drive profitable growth in the future [2][3]

Core Viewpoint - Douglas Dynamics, Inc. will release its financial results for Q2 2025 on August 4, 2025, after market close, with a conference call scheduled for August 5, 2025, to discuss these results [1][2]. Company Overview - Douglas Dynamics is recognized as North America's leading manufacturer and upfitter of work truck attachments and equipment, with over 75 years of experience in the industry [3]. - The company operates through two main segments: the Work Truck Attachments segment, which includes snow and ice control equipment under the FISHER®, SNOWEX®, and WESTERN® brands, and the Work Truck Solutions segment, which focuses on up-fitting market-leading attachments and storage solutions under the HENDERSON® and DEJANA® brands [3]. - The company emphasizes continuous improvement through its proprietary Douglas Dynamics Management System (DDMS), aiming to produce high-quality products and deliver industry-leading service, ultimately driving shareholder value [3].

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]

Core Viewpoint - Douglas Dynamics, Inc. announces a leadership transition with Don Sturdivant appointed as Chairman of the Board, succeeding Jim Janik, who will remain on the Board to ensure continuity [1][2][3]. Company Overview - Douglas Dynamics is North America's leading manufacturer and upfitter of work truck attachments and equipment, with over 75 years of innovation in products that enhance job efficiency and business profitability [6]. - The company operates through two segments: Work Truck Attachments, which includes brands like FISHER®, SNOWEX®, and WESTERN®, and Work Truck Solutions, featuring the HENDERSON® and DEJANA® brands [6]. Leadership Transition - Jim Janik has stepped down as Chairman effective April 30, 2025, after decades of leadership, while continuing as a Board member [1][2]. - Don Sturdivant, who has been on the Board since 2010 and Lead Director since 2023, is recognized for his strategic acumen and managerial experience, making him well-suited for the Chairman role [2][3]. - With Sturdivant's appointment, the Board will eliminate the Lead Director position [3]. Don Sturdivant's Background - Sturdivant is an Operating Partner at TruArc LLC, focusing on the Specialty Manufacturing Sector, and has held CEO positions at FleetPride, Inc. and Marietta Corporation [4][5]. - His previous executive roles include Chief Operating Officer at Altivity Packaging and Division President at Graphic Packaging International and Fort James Corporation [5].