Douglas Dynamics reports Q4 EPS 19c, consensus 19c

Reports Q4 revenue $134.3M, consensus $134.0M. CEO Bob McCormick says: “The improved performance of our Solutions segment was clearly the highlight of 2023. I want to commend the Solutions team for their dedication and ingenuity and am pleased the 2024 outlook remains positive, with more opportunities to grow and improve ahead of us. The weather was not in our favor in 2023, which is shown in the Attachments segment results this year. The unprecedented lack of snowfall means our operational discipline has been put to full use and we took the proactive steps to implement significant budget cuts and other cost saving measures throughout 2023, to minimize the impact on our bottom line. At the start of 2024, we made tough decisions to align our structure to the current demand environment. We look forward to improved weather conditions and driving volumes as demand returns.”