Douglas Dynamics Reports Third Quarter 2019 Results

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Go back to Douglas Dynamics Reports Third Quarter 2019 Results

Douglas Dynamics (PLOW) Tops Q3 EPS by 2c, Revenues Beat; Reaffirms FY19 EPS/Revenue Guidance

November 4, 2019 5:02 PM EST

Douglas Dynamics (NYSE: PLOW) reported Q3 EPS of $0.53, $0.02 better than the analyst estimate of $0.51. Revenue for the quarter came in at $142 million versus the consensus estimate of $132.9 million.

Third Quarter Highlights:

Produced record Net Sales of $142 million, a 14% increase over Q3 2018Net Income and Adjusted EBITDA increased 25% and 22% respectively, compared to Q3 2018Ongoing positive demand trends for both segments coupled with DDMS initiatives yielding improved resultsPaid $0.2725 per share cash dividend on September 30, 2019Reaffirming 2019 outlook

MILWAUKEE, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:... More