NYSE$PLOW

Douglas Dynamics Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Douglas Dynamics reported a strong finish to 2019 with record net sales and improved operational performance.

Douglas Dynamics reported strong growth and near-record results overall for 2019, despite slightly below-average snowfall, chassis constraints, and uneven economic conditions.

  • Delivered strong growth and near record results overall.
  • Focused on factors within their control.
  • Making steady progress towards long-term goals.
  • Labor shortages, supply chain constraints, and ongoing chassis delivery issues will hinder growth somewhat.

Headline financials

Total Revenue

$160M

Previous: $152M+5.6%
EPS (adj)

$0.72

Previous: $0.62+16.1%
Adjusted EBITDA

$31M

No prior period
Net Income

$14.6M

Previous: $14.7M-0.5%
Operating Income

$21.2M

Previous: $24.6M-13.6%
Gross Profit

$46.3M

Previous: $44.1M+5.1%
Cash & Equivalents

$35.7M

Previous: $27.8M+28.2%
Total Assets

$706M

Previous: $676M+4.4%
Stock-Based Comp

$178K

Previous: $370K-51.9%

Revenue & EPS history

Douglas Dynamics · Revenue · Quarterly

$160M

Q4 2019+5.6%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Douglas Dynamics · $146M total across 2 segments · Q4 2019

  • Work Truck Attachments
    $99.3M
  • Work Truck Solutions
    $47M

Forward guidance

The 2020 outlook reflects ongoing confidence in progress towards long-term goals. Labor shortages, supply chain constraints and chassis delivery issues will hinder growth somewhat, but expect to see gradual improvements in Class 8 chassis delivery times during the second half of 2020.

Headwinds

  • Labor shortages.
  • Supply chain constraints.
  • Ongoing chassis delivery issues.
  • Hinder growth somewhat.
  • Gradual improvements in Class 8 chassis delivery times during the second half of 2020.

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 Q4 2019

Historical avgQ4 2019

+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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