Douglas Dynamics (PLOW) Tops Q4 EPS by 20c

Douglas Dynamics (NYSE: PLOW) reported Q4 EPS of $0.63, $0.20 better than the analyst estimate of $0.43. Revenue for the quarter came in at $100.1 million versus the consensus estimate of $77.87 million.

Douglas Dynamics sees FY2015 EPS of $0.80-$1.45, versus the consensus of $1.14. Douglas Dynamics sees FY2015 revenue of $320-380 million, versus the consensus of $306.75 million.

James L. Janik, Chairman, President and Chief Executive Officer of the Company commented, "There is no doubt that 2014 was a remarkable year for Douglas Dynamics. Our record results for the quarter and year reflect a unique combination of unprecedented market conditions and first class operational execution. Speaking on behalf of the Board and management team, we couldn't be more proud of the way our team stepped up to the challenge and leveraged its expertise to meet the flood of pent up demand we experienced during the year.

"While we are very pleased with our performance in 2014, we also remember it was just two years ago that we saw one of our lowest snow seasons and fourth quarters on record. During that time, we were clear in noting that the operational efficiency improvements implemented during those lean times would pay dividends when market conditions improved. We are now reaping the benefits and are committed to continually driving excellence through our proprietary Douglas Dynamics Management System, or DDMS."

Janik added, "As great a year as we have experienced, we are by no means satisfied. We continue to operate in an industry and economy that can be unpredictable, and while we have the wind at our back today, we have a long memory and know that circumstances can change quickly. This winter, the extreme snowfall events are concentrated in New England compared to last year that experienced more weather events over broader population areas."

Janik concluded, "We capped off a record year by expanding our portfolio with the acquisition of Henderson, which aligns well with our core business and adds a layer of predictability and stability to our business. Our first 10 weeks of integration have gone very well, and we are working with the Henderson team to fulfill its considerable potential in 2015 and beyond."

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

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