Douglas Dynamics (PLOW) Preliminary Q4 Results Miss Estimates
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Douglas Dynamics Announces Preliminary Fourth Quarter and Full Year 2023 Results and Implementation of 2024 Cost Savings Program
January 30, 2024 8:30 AM ESTWork Truck Attachments Ongoing lack of snowfall significantly impacted fourth quarter resultsWork Truck Solutions Produced Net Sales growth and delivered strong margins compared to 2022 resultsInitiated 2024 Cost Savings Program in January 2024 Expected to deliver annualized savings of $8 to $10 million, or approximately $0.25 adjusted EPS, with approximately 75% expected to be realized in 2024 Initial 2024 financial outlook projects 70% - 80% increase in Adjusted EPS versus 2023Dividend remains top capital allocation... More
