NYSE$PLOW

Douglas Dynamics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter results, which were in line with expectations, with positive demand trends continuing this year.

Douglas Dynamics reported first quarter 2022 results, which were in line with expectations. The company is reiterating its annual guidance as demand remains strong across both segments. Supply chain constraints continue to impact the company, but are expected to slowly start to improve in the second half of the year.

  • First quarter results were in line with expectations.
  • Positive demand trends are continuing this year.
  • Supply chain constraints are restricting the flow of chassis and components.
  • Annual guidance is reiterated as demand remains strong across both segments.

Headline financials

Total Revenue

$103M

Previous: $103M-0.7%
EPS (adj)

-$0.11

Previous: $0.04-375.0%
Capital Expenditures

$1.36M

No prior period
Free Cash Flow

-$5.94M

Previous: $588K-1110.5%
Net Income

-$5.94M

Previous: $588K-1110.5%
Operating Income

-$2.94M

Previous: $3.65M-180.6%
Gross Profit

$21.1M

Previous: $26.3M-19.8%
Cash & Equivalents

$8.21M

Previous: $35.5M-76.9%
Total Assets

$550M

Previous: $557M-1.1%
Stock-Based Comp

$1.9M

Previous: $1.97M-3.3%

Revenue & EPS history

Douglas Dynamics · Revenue · Quarterly

$103M

Q1 2022-0.7%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Douglas Dynamics · $126M total across 1 segment · Q3 2023

  • Work Truck Attachments
    $126M+16.5%

Forward guidance

The 2022 financial outlook remains unchanged, with supply chain difficulties expected to be prevalent in the first half of the year, and then starting to gradually improve in the second half of the year. Work Truck industry data indicates 2023 should produce similar conditions to 2019, which was a record year for the company.

Tailwinds

  • Preseason is off to a strong start in Attachments.
  • Demand remains strong in Solutions.
  • 2022 is expected to mirror 2021, with supply chain difficulties being prevalent in the first half of this year, and then starting to gradually improve in the second half of the year.
  • Work Truck industry data indicates 2023 should produce similar conditions to 2019, which was a record year for our company.
  • Demand signals remain strong across the board.

Headwinds

  • Supply chain difficulties are prevalent in the first half of this year.
  • Supply chain constraints are restricting the flow of chassis and components.
  • Like many companies operating in the work truck sector, we continue to be impacted by supply chain constraints.
  • Our teams are working tirelessly to alleviate the issues wherever possible.
  • 2022 is expected to mirror 2021, with supply chain difficulties being prevalent in the first half of this year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.4%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+0.5%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+17.5%

Q2 2016

Best reaction

-16.1%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.0%+1.8%+0.3%
Q4 2025+7.0%+7.7%-0.4%
Q3 2025+0.3%+3.6%+8.4%
Q1 2025+4.7%+11.7%+12.8%
Q4 2024+4.3%+4.8%-8.1%
Q3 2024-10.5%-10.5%-0.1%
Q2 2024+17.1%+6.1%+5.6%
Q1 2024+1.2%+5.2%+8.3%
Q4 2023+7.0%+2.5%+1.8%
Q3 2023-3.2%-2.8%+3.6%
Q2 2023+8.1%+4.5%-1.5%
Q1 2023-7.5%-5.4%-3.6%
Q4 2022-1.0%-4.7%-21.4%
Q3 2022+10.4%+9.9%+13.8%
Q2 2022-0.7%+4.5%-8.7%
Q1 2022-1.4%-0.6%+1.6%
Q4 2021-1.7%-0.4%-6.9%
Q3 2021-3.0%+3.2%-7.2%
Q2 2021-3.6%+2.8%-1.2%
Q1 2021+0.1%-0.2%-1.9%
Q4 2020+4.2%+1.0%-6.0%
Q3 2020-0.0%+5.2%+15.0%
Q2 2020+7.4%+11.6%+16.9%
Q1 2020-7.1%-7.3%+7.1%
Q4 2019-2.6%-16.8%-40.1%
Q3 2019+1.5%+8.3%+11.5%
Q2 2019+8.5%+10.1%+4.1%
Q1 2019-5.5%-4.2%-3.8%
Q4 2018+3.2%+10.1%-3.2%
Q3 2018-11.6%-13.6%-19.6%
Q2 2018-3.9%-8.0%-0.4%
Q1 2018+5.8%+6.4%+14.2%
Q4 2017+16.7%+13.9%+13.7%
Q3 2017-3.1%-5.2%-7.4%
Q2 2017+11.5%+9.6%+14.4%
Q1 2017-5.2%-8.3%-4.1%
Q4 2016-1.8%-9.1%-7.4%
Q3 2016-16.1%-16.1%+1.1%
Q2 2016+17.5%+18.8%+19.7%
Q1 2016-4.8%
Q4 2015+4.3%
Q3 2015+7.3%
Q2 2015+13.8%
Q1 2015-4.6%
Q4 2014-4.4%
Q3 2014+1.3%
Q2 2014+7.1%
Q1 2014+0.2%
Q4 2013+3.6%
Q3 2013-0.3%
Q2 2013-3.5%
Q1 2013+1.5%
Q4 2012-1.3%
Q3 2012-1.4%
Q2 2012+2.7%
Q1 2011-5.1%
Q1 2012+0.7%
Q4 2009+2.1%
Q4 2011+2.1%
Q3 2010-2.6%
Q3 2011-2.6%
Q2 2010+5.4%
Q2 2011+5.4%
Q4 2010+5.4%
Q1 2010+0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro