Snowplow maker Douglas Dynamics Q3 sales up, raises FY rev, adjusted EPS guidance

Douglas Dynamics

03/11/2025 23:12

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.)