NYSE$PLOW
Douglas Dynamics Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong top and bottom-line year-over-year improvements despite ongoing macroeconomic headwinds.
Douglas Dynamics reported a strong third quarter with a 30.1% increase in net sales to $166.1 million and an 88.9% increase in net income to $13.3 million compared to Q3 2021. The company raised and narrowed its 2022 guidance due to the strong quarter results.
- Net Sales increased by 30.1% to $166.1 million compared to Q3 2021.
- Net Income increased 88.9% to $13.3 million, resulting in $0.56 of Diluted EPS.
- Adjusted EBITDA increased 62.2% to $25.1 million.
- The company raised and narrowed 2022 guidance based on the strong quarter results.
Headline financials
Revenue & EPS history
Douglas Dynamics · Revenue · Quarterly
$166M
Revenue by segment
Douglas Dynamics · $166M total across 2 segments · Q3 2022
- Work Truck Attachments$108M—65.1%
- Work Truck Solutions$57.9M—34.9%
Forward guidance
The 2022 financial outlook has been raised and narrowed.
Tailwinds
- Net Sales are expected to be between $600 million and $630 million.
- Adjusted EBITDA is predicted to range from $80 million to $95 million.
- Adjusted Earnings Per Share are expected to be in the range of $1.65 per share to $2.05 per share.
- The effective tax rate is expected to be approximately 24% - 25%.
- The outlook assumes relatively stable economic conditions, consistent supply chain performance, and our core markets will experience average snowfall levels in fourth quarter 2022.
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 Q3 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
| Quarter | Report date | Reaction (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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