Overview

* Douglas Dynamics ( PLOW ) Q2 net sales fall 2.8% yr/yr due to lower Attachments volumes

* Adjusted EPS of $1.14 beats analyst expectations, per LSEG data

* Co raises full-year guidance for net sales and adjusted EBITDA

Outlook

* Douglas Dynamics ( PLOW ) raises 2025 net sales guidance to $630 mln-$660 mln

* Company expects 2025 adjusted EBITDA of $82 mln-$97 mln

* Douglas Dynamics ( PLOW ) forecasts 2025 adjusted EPS between $1.65 and $2.15

Result Drivers

* SOLUTIONS SEGMENT - Record results driven by favorable pricing and higher municipal demand

* EBITDA MARGINS - Flat margins as Solutions improvements offset lower Attachments sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $194.30 $189.50

mln mln (3

Analysts

)

Q2 Beat $1.14 $0.99 (3

Adjusted Analysts

EPS )

Q2 Beat $27.20 $20.90

Adjusted mln mln (1

Net Analyst)

Income

Q2 Beat $42.60 $37.40

Adjusted mln mln (3

EBITDA Analysts

)

Q2 21.9%

Adjusted

EBITDA

Margin

Q2 $37 mln

Income

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 ( PLOW ) is $32.00, about 11.5% above its August 4 closing price of $28.32

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(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.)