Overview
Douglas Dynamics Q3 net sales rise 25% yr/yr but miss analyst expectations
Adjusted EPS for Q3 meets analyst expectations
Adjusted EBITDA for Q3 beats analyst estimates, driven by improved volumes and throughput
Company announced acquisition of Venco Venturo, expanding product portfolio
Outlook
Company raises 2025 net sales guidance to $635 mln-$660 mln
Douglas Dynamics increases 2025 adjusted EBITDA forecast to $87 mln-$102 mln
Company raises 2025 adjusted EPS guidance to $1.85-$2.25
Result Drivers
WORK TRUCK SOLUTIONS SEGMENT - Record net sales and earnings growth driven by strong demand and improved throughput
WORK TRUCK ATTACHMENTS SEGMENT - 13% net sales increase due to timing of pre-season orders
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $162.1 mln | $163.25 mln (3 Analysts) |
Q3 Adjusted EPS | Meet | $0.40 | $0.40 (3 Analysts) |
Q3 Adjusted Net Income | Miss | $9.5 mln | $12.50 mln (1 Analyst) |
Q3 Adjusted EBITDA | Beat | $20.1 mln | $19.93 mln (3 Analysts) |
Q3 Adjusted EBITDA Margin | 12.40% | ||
Q3 Income from Operations | $14.1 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Douglas Dynamics Inc is $38.50, about 22.9% above its November 3 closing price of $29.69
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNXcfGX59
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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