Douglas Dynamics(US:PLOW)2025-06-25 08:54Financial Performance - Q1 2025 - Consolidated net sales reached $115.1 million, a 20% year-over-year increase[38] - Net income improved significantly, reaching $0.1 million compared to a loss of $8.4 million in the same period last year[38] - Adjusted EBITDA increased to $9.4 million, up from $1.5 million year-over-year[38] - Adjusted diluted EPS improved to $0.09, compared to a loss of $0.29 in the prior year[38] - The company amended its credit agreement, securing a $150 million term loan and a $125 million revolver[8,41] Segment Performance - Work Truck Attachments (WTA) net sales increased by 53% to $36.5 million[23,44] - WTA adjusted EBITDA was $0.3 million, a 107% increase[23,44] - Work Truck Solutions (WTS) net sales rose by 9% to $78.6 million[22,44] - WTS adjusted EBITDA increased by 52% to $9.1 million[22,44] - WTS adjusted EBITDA margin increased 320 basis points to 11.6%[22,44] Outlook - The company projects 2025 net sales between $610 million and $650 million[50] - Adjusted EBITDA for 2025 is projected to be between $75 million and $95 million[50] - Adjusted EPS for 2025 is expected to be between $1.30 and $2.10[50]