Overview

* Douglas Dynamics ( PLOW ) 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 ( PLOW ) 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/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $162.1 $163.25

mln mln (3

Analysts

)

Q3 Meet $0.40 $0.40 (3

Adjusted Analysts

EPS )

Q3 Miss $9.5 mln $12.50

Adjusted mln (1

Net Analyst)

Income

Q3 Beat $20.1 $19.93

Adjusted mln mln (3

EBITDA Analysts

)

Q3 12.40%

Adjusted

EBITDA

Margin

Q3 $14.1

Income mln

from

Operatio

ns

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 ( PLOW ) 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:

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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.)