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Douglas Dynamics, Inc.
Work Barter Accessories Delivered Able Fourth Division and Abounding Year Performance
Fourth Division 2021 Highlights:
Produced Net Sales of $152.9 actor & Net Assets of $8.8 million
Delivered Adapted EBITDA of $19.9 million
Board accustomed $50 star allotment repurchase program
Announced 1Q22 anniversary allotment use of $0.29 per share
MILWAUKEE, Feb. 21, 2022 (GLOBE NEWSWIRE) — Douglas Dynamics, Inc. (NYSE: PLOW), North America’s arch architect and upfitter of assignment barter add-ons and gear, today appear banking after-effects for the division that is fourth abounding year concluded December 31, 2021.
“Our Assignment Barter Accessories articulation produced a able quarter that is fourth which capped off a amazing 12 months for the segment,” acclaimed Bob McCormick, President and CEO. “The accumulation alternation and headwinds that are inflationary abounding sectors of the abridgement abide to agitate our Solutions segment, adverse our adeptness to accept and upfit assignment trucks efficiently. We apprehend the belted breeze of anatomy to abide in the aboriginal bisected of 2022, afore starting to advance in the bisected that is added of 12 months. Appeal trends abide able beyond both sections, and now we are abreast and accessible to assassinate whilst the macroeconomic headwinds subside* that is.”( 2021 Results
$ in millions(except Margins & EPS)
Q4 2021
Q4 2020
Net Sales
$152.9
$158.2
Gross Profit Margin
23.7%
30.2%
Income from Operations
$13.0
$27.9
Net Income
$8.8
$18.2
Diluted EPS
$0.37
$0.78
Adjusted EBITDA
$19.9
$33.2
Adjusted EBITDA Margin
13.0%
21.0%
Adjusted Net Income
$10.0
$18.2
Adjusted Adulterated EPS
$0.42
$0.78
Fourth division Net Sales were agnate to aftermost year with accession able achievement at Assignment Barter Attachments, apprenticed by appraisement accomplishments and backbone in retail activity, actuality account by accumulation alternation constraints decidedly impacting achievement at Assignment Barter Solutions.
Work Barter Accessories Articulation Fourth Division 2021 Results
$ in millions(except Adapted EBITDA Margin)
Q4 2021
Q4 2020
Net Sales
$97.7
$83.0
Adjusted EBITDA
$22.2
$24.0
Adjusted EBITDA Margin
22.7%
28.9%
Net Sales added about 18% to a almanac $97.7 million, due primarily to the able action that is retail university costs because of inflationary pressures.
Results managed admitting the abridgement of blast
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