NYSE$PLOW

Douglas Dynamics Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Douglas Dynamics reported strong fourth quarter performance driven by Work Truck Attachments segment, while Work Truck Solutions segment faced challenges due to supply chain disruptions.

Douglas Dynamics announced its Q4 2021 financial results, highlighting a strong performance in the Work Truck Attachments segment. The Work Truck Solutions segment was impacted by supply chain and inflationary headwinds. The company expects these headwinds to continue in the first half of 2022, with improvements anticipated in the second half of the year.

  • Work Truck Attachments segment delivered strong fourth quarter and full year performance.
  • Supply chain and inflationary headwinds continued to disrupt the Solutions segment.
  • Demand trends remained strong across both segments.
  • Company initiated a $50 million share buyback program.

Headline financials

Total Revenue

$153M

Previous: $158M-3.3%
EPS (adj)

$0.42

Previous: $0.78-46.2%
Capital Expenditures

$4.57M

Previous: $14.7M-68.9%
Free Cash Flow

$32.9M

Previous: $65.8M-50.0%
Net Income

$9.91M

Previous: $10M-0.9%
Operating Income

$14.2M

Previous: $18.5M-23.5%
Gross Profit

$36.2M

Previous: $47.8M-24.3%
Cash & Equivalents

$36.2M

Previous: $46.9M-22.8%
Total Assets

$583M

Previous: $579M+0.6%
Stock-Based Comp

-$231K

Previous: $62K-472.6%

Revenue & EPS history

Douglas Dynamics · Revenue · Quarterly

$153M

Q4 2021-3.3%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Douglas Dynamics · $144M total across 2 segments · Q4 2021

  • Work Truck Attachments
    $110M+4.6%
  • Work Truck Solutions
    $34.5M-12.3%

Forward guidance

The company's 2022 financial outlook reflects continued strength in the Attachments segment, while the Solutions segment is expected to face challenges in the coming quarters due to macroeconomic headwinds. Improvements are expected in the second half of 2022 as work truck chassis supply starts to increase. The company expects to reach its goal of producing $3.00 or more of adjusted earnings per share in 2025.

Tailwinds

  • Continued strength in Attachments segment.
  • Strong demand across both segments.
  • Record backlog levels in the Solutions segment.
  • Improvements expected in the second half of 2022 as work truck chassis supply starts to increase.
  • Company expects to reach its goal of producing $3.00 or more of adjusted earnings per share in 2025.

Headwinds

  • Macroeconomic headwinds will continue to challenge the Solutions segment.
  • Restricted flow of chassis expected to continue in the first half of 2022.
  • Supply chain disruptions.
  • Inflationary headwinds.
  • Component shortages.

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 2021

Historical avgQ4 2021

+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