Douglas Dynamics (PLOW) Tops Q1 EPS by 9c, Beats on Revenues

Douglas Dynamics (NYSE: PLOW) reported Q1 EPS of ($0.03), $0.09 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $84 million versus the consensus estimate of $75.9 million.

First Quarter Highlights:

• Produced record first quarter net sales of $84 million, a 16% increase over 1Q17
• Gross Profit of $20 million represents a 17% increase year-over-year
• Both Work Truck Attachments and Work Truck Solutions segments performed in line with internal expectations
• Company reaffirms 2018 outlook
• Paid a $0.265 per share cash dividend on March 30, 2018, an increase of 10% over the previous dividend

For earnings history and earnings-related data on Douglas Dynamics (PLOW) click here.

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