Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories. The Work Truck Solutions segment primarily manufactures municipal snow and ice control products; provides truck and vehicle upfits where it attaches component pieces of equipment, truck bodies, racking, and storage solutions to a vehicle chassis for use by end users for work related purposes; and manufactures storage solutions for trucks and vans, and cable pulling equipment for trucks. This segment also offers up-fit and storage solutions. It also provides customized turnkey solutions to governmental agencies, such as Departments of Transportation and municipalities. The company sells its products under the BLIZZARD, FISHER, HENDERSON, SNOWEX, WESTERN, TURFEX, SWEEPEX, HENDERSON, and DEJANA brands. It distributes its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial and residential areas. The company was founded in 1948 and is headquartered in Milwaukee, Wisconsin.
IPO Year: 2010
Exchange: NYSE
Website: douglasdynamics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2024 | $36.00 → $25.00 | Outperform → Neutral | Robert W. Baird |
| 10/14/2021 | $48.00 | Buy | DA Davidson |
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Third Quarter 2024 Highlights*: Solutions segment delivered record third quarter results with significant increase in profitability2024 Cost Savings Program expected to deliver $11 - $12 million in sustainable annualized savings, with $9 million of savings expected this yearResults include one-time gain of approximately $42.3 million from recent sale leaseback transactionPaid $0.295 per share cash dividend on September 30, 2024Narrowed 2024 full year outlook *Compared to 3Q23 financials MILWAUKEE, Wis., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announce
MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that it will release financial results for the third quarter 2024 after market close on Monday, October 28, 2024. A conference call will be held to discuss the financial results on Tuesday, October 29, 2024, at 9:00 a.m. Central Time and will be hosted by Jim Janik, Chairman and Interim President and Chief Executive Officer, Sarah Lauber, Executive Vice President and Chief Financial Officer and Mark Van Genderen, Chief Operating Officer and President, Work Truck Attachments. The conference call will be
Summary: Transaction Value: $64.2 millionLocations: Illinois, Iowa, Maine, Michigan, and WisconsinLease Term: 15-year initial term with two 10-year options to renewUse of Proceeds: Debt reduction and other corporate purposes MILWAUKEE and NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), or the "Company", North America's premier manufacturer and upfitter of commercial work truck attachments and equipment, today announced the successful completion of a sale-leaseback transaction with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc. (NASDAQ:TPG). The transaction involves the Company's facilities located in: Huntley,
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that its Board of Directors approved and declared a quarterly cash dividend of $0.295 per share for the third quarter of 2024. The declared dividend will be paid on September 30, 2024 to stockholders of record on September 16, 2024. About Douglas Dynamics Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that not only
Positive Performance Driven by Work Truck Solutions Growth and Success of 2024 Cost Savings Program Second Quarter 2024 Highlights*: Solutions segment delivered record second quarter results with 24% Net Sales growth, and a significant increase in profitabilitySuccessful implementation of 2024 Cost Savings Program yields additional savings; now expected to deliver $11 - $12 million in sustainable annualized savingsPaid $0.295 per share cash dividend on June 28, 2024Maintained 2024 full year outlook *Compared to 2Q23 financials MILWAUKEE, July 29, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachment
MILWAUKEE, July 17, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that it will release financial results for the second quarter 2024 after market close on Monday, July 29, 2024. A conference call will be held to discuss the financial results on Tuesday, July 30, 2024, at 9:00 a.m. Central Time and will be hosted by Jim Janik, Chairman and Interim President and Chief Executive Officer and Sarah Lauber, Executive Vice President and Chief Financial Officer. The conference call will be simulcast live on the Company's website at: www.douglasdynamics.com. Alternatively, ple
MILWAUKEE, June 06, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that its Board of Directors approved and declared a quarterly cash dividend of $0.295 per share for the second quarter of 2024. The declared dividend will be paid on June 28, 2024 to stockholders of record on June 17, 2024. About Douglas Dynamics Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that not only enable pe
Produced Significantly Improved Results Compared to 1Q23;Solutions Segment Continues to Deliver Strong Top- and Bottom-Line Growth First Quarter 2024 Highlights*: Net Sales increased 16.0% to $95.7 million Net Loss improved by $4.7 million to $(8.4) million, or $(0.37) of Diluted EPSExpanded the 2024 Cost Savings Program to deliver $10+ million in sustainable annualized savingsPaid $0.295 per share cash dividend on March 29, 2024Updated 2024 full year outlook based on weather impact and initial pre-season data *All ‘Highlights' comparisons are to first quarter 2023 financials MILWAUKEE, April 29, 2024 (GLOBE NEW
MILWAUKEE, April 15, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that it will release financial results for the first quarter 2024 after market close on Monday, April 29, 2024. A conference call will be held to discuss the financial results on Tuesday, April 30, 2024, at 9:00 a.m. Central Time and will be hosted by Bob McCormick, President and Chief Executive Officer and Sarah Lauber, Executive Vice President and Chief Financial Officer. The conference call will be simulcast live on the Company's website at: www.douglasdynamics.com. Alternatively, please dial (833)
Full Year 2023 Highlights: Work Truck Solutions produced significantly improved 2023 resultsWork Truck Attachments performance hindered by unprecedented weather trendsImplementation of 2024 Cost Savings Program on track to deliver $8 – 10 million in annualized savingsDelivered Net Sales of $568.2 million, Net Income of $23.7 million, and Diluted Earnings per Share of $0.98 Announced 1Q24 quarterly dividend of $0.295 per shareOutlined 2024 full year outlook MILWAUKEE, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the fourth quart
Robert W. Baird downgraded Douglas Dynamics from Outperform to Neutral and set a new price target of $25.00 from $36.00 previously
DA Davidson initiated coverage of Douglas Dynamics with a rating of Buy and set a new price target of $48.00
Craig Hallum reiterated coverage of Douglas Dynamics with a rating of Hold and set a new price target of $45.00 from $38.00 previously
Baird upgraded Douglas Dynamics from Neutral to Outperform and set a new price target of $52.00 from $38.00 previously
Robert W. Baird upgraded Douglas Dynamics from Neutral to Outperform and set a new price target of $52.00 from $38.00 previously
Third Quarter 2024 Highlights*: Solutions segment delivered record third quarter results with significant increase in profitability2024 Cost Savings Program expected to deliver $11 - $12 million in sustainable annualized savings, with $9 million of savings expected this yearResults include one-time gain of approximately $42.3 million from recent sale leaseback transactionPaid $0.295 per share cash dividend on September 30, 2024Narrowed 2024 full year outlook *Compared to 3Q23 financials MILWAUKEE, Wis., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announce
MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that it will release financial results for the third quarter 2024 after market close on Monday, October 28, 2024. A conference call will be held to discuss the financial results on Tuesday, October 29, 2024, at 9:00 a.m. Central Time and will be hosted by Jim Janik, Chairman and Interim President and Chief Executive Officer, Sarah Lauber, Executive Vice President and Chief Financial Officer and Mark Van Genderen, Chief Operating Officer and President, Work Truck Attachments. The conference call will be
Mark Van Genderen Promoted to Chief Operating OfficerChief Human Resources Officer Linda Evans to Retire at Year-EndShannan Vlieger Promoted to Senior Vice President, People and Culture MILWAUKEE, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced several senior management team changes. Mark Van Genderen has been appointed as Chief Operating Officer (COO) of Douglas Dynamics, and President of Work Truck Attachments, effective immediately. Chief Human Resources Officer, Linda Evans, has announced her intent to retire on January 2, 2025, and Shannan Vlieger has been
Summary: Transaction Value: $64.2 millionLocations: Illinois, Iowa, Maine, Michigan, and WisconsinLease Term: 15-year initial term with two 10-year options to renewUse of Proceeds: Debt reduction and other corporate purposes MILWAUKEE and NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), or the "Company", North America's premier manufacturer and upfitter of commercial work truck attachments and equipment, today announced the successful completion of a sale-leaseback transaction with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc. (NASDAQ:TPG). The transaction involves the Company's facilities located in: Huntley,
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that its Board of Directors approved and declared a quarterly cash dividend of $0.295 per share for the third quarter of 2024. The declared dividend will be paid on September 30, 2024 to stockholders of record on September 16, 2024. About Douglas Dynamics Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that not only
Positive Performance Driven by Work Truck Solutions Growth and Success of 2024 Cost Savings Program Second Quarter 2024 Highlights*: Solutions segment delivered record second quarter results with 24% Net Sales growth, and a significant increase in profitabilitySuccessful implementation of 2024 Cost Savings Program yields additional savings; now expected to deliver $11 - $12 million in sustainable annualized savingsPaid $0.295 per share cash dividend on June 28, 2024Maintained 2024 full year outlook *Compared to 2Q23 financials MILWAUKEE, July 29, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachment
MILWAUKEE, July 17, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that it will release financial results for the second quarter 2024 after market close on Monday, July 29, 2024. A conference call will be held to discuss the financial results on Tuesday, July 30, 2024, at 9:00 a.m. Central Time and will be hosted by Jim Janik, Chairman and Interim President and Chief Executive Officer and Sarah Lauber, Executive Vice President and Chief Financial Officer. The conference call will be simulcast live on the Company's website at: www.douglasdynamics.com. Alternatively, ple
MILWAUKEE, June 06, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that its Board of Directors approved and declared a quarterly cash dividend of $0.295 per share for the second quarter of 2024. The declared dividend will be paid on June 28, 2024 to stockholders of record on June 17, 2024. About Douglas Dynamics Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that not only enable pe
MILWAUKEE, May 16, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced the start of a CEO transition process. Robert McCormick (Bob) has informed the Board of Directors of his intention to retire from the company and the Board of Directors in July 2024, after 20 years of service. Upon his retirement, Mr. McCormick will remain as a consultant to the Company to assist with the leadership transition through the end of 2024. Current Chairman of the Board of Directors, James L. Janik (Jim), is returning as Executive Chairman. Upon Mr. McCormick's retirement, Mr. Janik will b
Produced Significantly Improved Results Compared to 1Q23;Solutions Segment Continues to Deliver Strong Top- and Bottom-Line Growth First Quarter 2024 Highlights*: Net Sales increased 16.0% to $95.7 million Net Loss improved by $4.7 million to $(8.4) million, or $(0.37) of Diluted EPSExpanded the 2024 Cost Savings Program to deliver $10+ million in sustainable annualized savingsPaid $0.295 per share cash dividend on March 29, 2024Updated 2024 full year outlook based on weather impact and initial pre-season data *All ‘Highlights' comparisons are to first quarter 2023 financials MILWAUKEE, April 29, 2024 (GLOBE NEW
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MILWAUKEE, May 16, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced the start of a CEO transition process. Robert McCormick (Bob) has informed the Board of Directors of his intention to retire from the company and the Board of Directors in July 2024, after 20 years of service. Upon his retirement, Mr. McCormick will remain as a consultant to the Company to assist with the leadership transition through the end of 2024. Current Chairman of the Board of Directors, James L. Janik (Jim), is returning as Executive Chairman. Upon Mr. McCormick's retirement, Mr. Janik will b
Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading U.S.-based value-added manufacturing partner that provides a full suite of services from concept to production today announced that the Board of Directors has elected Robert (Bob) McCormick as a new independent director of the company, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221221005548/en/Robert (Bob) McCormick (Photo: Business Wire) "We are pleased that Bob has accepted the invitation to join our Board," said Tim Christen, non-executive Chair of the Board of Directors of Mayville Engineering Company. "He is an experienced
MILWAUKEE, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE:PLOW), North America's premier manufacturer and upfitter of work truck attachments and equipment, today announced that the Board of Directors has elected Joher Akolawala to serve as a director of the Company. The Company also announced that James D. (Jim) Staley has decided to retire from the Board at the end of his current term expiring at the 2023 annual meeting of stockholders. Mr. Staley has been serving as a director since 2010. "We are pleased to welcome Joher as a new independent director," said Jim Janik, Chairman of the Board of Directors. "He has a track record of proven leadership at multinational ente
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DA Davidson analyst Michael Shlisky maintains Douglas Dynamics (NYSE:PLOW) with a Buy and maintains $31 price target.
Douglas Dynamics (NYSE:PLOW) narrows FY2024 Adj EPS guidance from $1.20-2.10 to $1.20-1.70 vs $1.49 analyst estimate. Narrows FY2024 sales outlook from $600.00 million-660.00 million to $600.00 million-640.00 million vs $610.83 million estimate.
Douglas Dynamics (NYSE:PLOW) reported quarterly losses of $(0.29) per share which beat the analyst consensus estimate of $(0.30) by 3.33 percent. This is a 47.27 percent increase over losses of $(0.55) per share from the same period last year. The company reported quarterly sales of $95.655 million which beat the analyst consensus estimate of $91.467 million by 4.58 percent. This is a 15.88 percent increase over sales of $82.545 million the same period last year.
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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 50 points on Monday. The Dow traded up 0.21% to 38,983.94 while the NASDAQ rose 0.39% to 16,311.32. The S&P 500 also rose, gaining, 0.24% to 5,216.95. Check This Out: Jim Cramer Isn't Going With This Tech Company: 'It's Complicated. I'm A Nvidia Guy' Leading and Lagging Sectors Consumer discretionary shares jumped by 1% on Monday. In trading on Monday, energy shares fell by 0.6%. Top Headline Perion Network Ltd. (NASDAQ:PERI) slashed its FY24 revenue guidance. Perion Network said it sees first-quarter revenue of $157 million, versus market estimates of $175.53 million. The company sa
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Canaccord Genuity boosted the price target for CervoMed Inc. (NASDAQ:CRVO) from $50 to $65. Canaccord Genuity analyst Sumant Kulkarni maintained a Buy rating. CervoMed shares fell 5.3% to close at $20.50 on Friday. See how other analysts view this stock. Susquehanna increased the price target for Transocean Ltd. (NYSE:RIG) from $5.5 to $9. Susquehanna analyst Charles Minervino upgraded the stock from Neutral to Positive. Transocean shares fell 0.2% to close at $6.53 on Friday. See how other analyst
Baird analyst Timothy Wojs downgrades Douglas Dynamics (NYSE:PLOW) from Outperform to Neutral and lowers the price target from $36 to $25.