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Sep 30, 2022
Douglas Dynamics Q3 2022 Earnings Report
Reported strong top and bottom-line year-over-year improvements despite ongoing macroeconomic headwinds.
Key Takeaways
Douglas Dynamics reported a strong third quarter with a 30.1% increase in net sales to $166.1 million and an 88.9% increase in net income to $13.3 million compared to Q3 2021. The company raised and narrowed its 2022 guidance due to the strong quarter results.
Net Sales increased by 30.1% to $166.1 million compared to Q3 2021.
Net Income increased 88.9% to $13.3 million, resulting in $0.56 of Diluted EPS.
Adjusted EBITDA increased 62.2% to $25.1 million.
The company raised and narrowed 2022 guidance based on the strong quarter results.
Revenue by Segment
Forward Guidance
The 2022 financial outlook has been raised and narrowed.
Positive Outlook
- Net Sales are expected to be between $600 million and $630 million.
- Adjusted EBITDA is predicted to range from $80 million to $95 million.
- Adjusted Earnings Per Share are expected to be in the range of $1.65 per share to $2.05 per share.
- The effective tax rate is expected to be approximately 24% - 25%.
- The outlook assumes relatively stable economic conditions, consistent supply chain performance, and our core markets will experience average snowfall levels in fourth quarter 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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