NYSE$PLOW

Douglas Dynamics Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Douglas Dynamics reported second quarter 2020 results, successfully restarting all 20 facilities in May and refinancing credit facility in June.

Douglas Dynamics announced its Q2 2020 financial results, highlighting the successful restart of all facilities in May and the refinancing of its credit facility in June. The company's performance was impacted by lower pre-season orders, chassis supply issues, and the pandemic shutdown, but they remain confident in their ability to adapt and maximize performance.

  • Successfully restarted all 20 facilities in May after a shutdown.
  • Refinanced senior credit facilities during the quarter.
  • Board remains committed to paying dividends for the remainder of 2020 and beyond.
  • Financial performance was impacted by lower pre-season orders, chassis supply issues, and the pandemic shutdown.

Headline financials

Total Revenue

$120M

Previous: $176M-31.9%
EPS (adj)

$0.33

Previous: $1.14-71.1%
Free Cash Flow

-$139M

Previous: $25.5M-644.8%
Net Income

-$139M

Previous: $25.5M-644.8%
Operating Income

-$112M

Previous: $38.1M-395.1%
Gross Profit

$32.1M

Previous: $59.6M-46.2%
Cash & Equivalents

$34.9M

Previous: $5.01M+597.1%
Total Assets

$585M

Previous: $724M-19.2%
Stock-Based Comp

$1.2M

Previous: $1.48M-19.0%

Revenue & EPS history

Douglas Dynamics · Revenue · Quarterly

$120M

Q2 2020-31.9%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Douglas Dynamics · $114M total across 2 segments · Q2 2020

  • Work Truck Attachments
    $79.7M
  • Work Truck Solutions
    $34.3M

Forward guidance

Significant uncertainty still exists across the country and the economic landscape, limiting the company's visibility and ability to forecast accurately. The exact operational and economic impact of the COVID-19 pandemic coupled with supply chain disruption is still unclear. However, the company believes they are well equipped to manage through effectively and emerge stronger as conditions improve.

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 Q2 2020

Historical avgQ2 2020

+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%

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