Douglas Dynamics (PLOW) Stock

Douglas Dynamics, Inc. is a leading manufacturer and upfitter of commercial work truck attachments and equipment in North America. With over a 32% stock price decline over the last two years, we believe the company is currently undervalued. This decline has primarily been due to lower demand in the attachments sector, driven by two consecutive years of significantly below-average snowfall in core markets.

Douglas Dynamics, Inc. (NYSE:PLOW ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Nathan Elwell - Vice President, Investor Relations Jim Janik - Chairman and Interim President and CEO Sarah Lauber - Executive Vice President and CFO Mark Van Genderen - COO and President of Work Truck Attachments Conference Call Participants Tim Wise - Baird Greg Burns - Sidoti & Company Operator Good day, and welcome to the Douglas Dynamics Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Third Quarter 2024 Highlights*: Solutions segment delivered record third quarter results with significant increase in profitability 2024 Cost Savings Program expected to deliver $11 - $12 million in sustainable annualized savings, with $9 million of savings expected this year Results include one-time gain of approximately $42.3 million from recent sale leaseback transaction Paid $0.295 per share cash dividend on September 30, 2024 Narrowed 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 announced financial results for the third quarter ended September 30, 2024.

Investors interested in Automotive - Replacement Parts stocks are likely familiar with Douglas Dynamics (PLOW) and CarGurus (CARG). But which of these two stocks presents investors with the better value opportunity right now?

The average of price targets set by Wall Street analysts indicates a potential upside of 25.1% in Douglas Dynamics (PLOW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Douglas Dynamics (PLOW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Douglas Dynamics, Inc. shares rose 5.5% after exceeding revenue, earnings, and adjusted earnings per share expectations in Q2 of fiscal year 2024. Despite a decline in revenue, the company's financial performance improved year over year, with higher earnings and cash flows reported. Management's guidance for the rest of the year suggests continued growth, making the stock look attractively priced on an absolute basis.

Douglas Dynamics (PLOW) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $1.11 per share a year ago.

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 profitability Successful implementation of 2024 Cost Savings Program yields additional savings; now expected to deliver $11 - $12 million in sustainable annualized savings Paid $0.295 per share cash dividend on June 28, 2024 Maintained 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 attachments and equipment, today announced financial results for the second quarter ended June 30, 2024. Jim Janik, Chairman, Interim President and CEO, commented, “During the second quarter, we have seen profitability improve despite lower Net Sales impacted by low snowfall, due to the management of throughput, pricing realization, and the successful implementation of the 2024 Cost Savings Program.