Douglas DynamicsNYSE: PLOW

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.

Douglas Dynamics' stock has dropped by almost 50% in 2021 due to decreasing sales and EBITDA. The company's Work Truck Attachments segment has been impacted by various external factors, such as decreased snowfall, destocking, and macro challenges. If the weather improves and both segments maintain their margins, PLOW is positioned to offer appealing returns for investors.

Douglas Dynamics, Inc. (NYSE: PLOW), a leading manufacturer and upfitter of work truck attachments and equipment in North America, revealed that it will report its financial results for the first quarter of 2024 on Monday, April 29, 2024, after the market closes.

Douglas Dynamics (PLOW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Douglas Dynamics, Inc. (NYSE:PLOW ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Nathan Elwell - VP, IR Robert McCormick - President, CEO & Director Sarah Lauber - EVP, CFO & Secretary Conference Call Participants Michael Shlisky - D.A. Davidson & Co. Timothy Wojs - Robert W.

Douglas Dynamics (PLOW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.57 per share a year ago.

Douglas Dynamics, Inc. is a Milwaukee-based manufacturer and upfitter of work truck attachments and solutions, specializing in snow removal and ice control equipment. The company operates through two segments: Work Truck Attachments and Work Truck Solutions. Despite challenges caused by the pandemic and low snowfall, Douglas Dynamics has rebounded and posted strong earnings in Q2 2023.

Revenues are increasing boosted by supply chain improvements, rising demand, and product price raises. Profit margins have dramatically improved in the second quarter of 2023 as pricing action is taking effect. Rising interest rates are causing a rise in interest expenses, and investors remain on the sidelines as fears of a potential recession are growing.

Douglas Dynamics (PLOW) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.85 per share a year ago.