Douglas Dynamics Inc (PLOW) Share Price

Douglas Dynamics Gains in After-Hours on Q4 Results Beat

BY Midnight Trader — 4:27 PM ET 03/11/2015

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04:27 PM EDT, 03/11/2015 (MT Newswires) -- Shares of Douglas Dynamics (PLOW) were 3% higher in Wednesday's after-market session after the snow equipment maker reported record financial results for Q4 2014 that topped analyst estimates.

The company reported net income of $13 million, or $0.58 per diluted share, up from $8.5 million, or $0.38 per share in Q4 2013. On an adjusted basis, net income was $0.63 per share, up from $0.38 per share in the prior year period and higher than the $0.43 per share Street estimate provided by Capital IQ.

Net sales were a record $100.1 million, up 37% over the same period last year and higher than the $78.4 million Street estimate.

For full year 2015, the company expects earnings to range from $0.80 to $1.45 per share, and adjusted EBITDA to range from $60 million to $90 million on net sales of between $320 million and $380 million. The Street view is $1.11 per share in earnings on sales of $290 million.

"2014 was a record year by all measures, and while we are doing everything within our power to drive that momentum into 2015, the nature of our business and historical precedents mean we do not expect to repeat the same record financial results as in 2014," said CEO James Janik.

PLOW trades in a 52-week range of $16.43 - $24.90.

Price: 24.50, Change: +0.72, Percent Change: +3.03

MT Newswires does not provide investment advice.

~ Monday! $PLOW ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $PLOW ~ Earnings expected on Monday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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Douglas Dynamics, Inc. is engaged in the design, manufacture and sale of snow and ice control equipment for light trucks, which consists of snowplows, sand and salt spreaders, and related parts and accessories. The Company sell its products under the WESTERN, FISHER and BLIZZARD brands. It offers the broadest and complete product line of snowplows and sand and salt spreaders for light trucks in the United States and Canadian markets. The Company also provide a range of related parts and accessories. It sell its products through a distributor network primarily to professional snowplowers who are contracted to remove snow and ice from commercial, municipal and residential areas. During the year ended December 31, 2010 (during 2010), 86% of its net sales were generated from sales of snow and ice control equipment, and 14% of its net sales were generated from sales of parts and accessories.

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