Douglas Dynamics' Q2 adjusted EPS beats expectations
Overview
Douglas Dynamics Q2 net sales fall 2.8% yr/yr due to lower Attachments volumes
Adjusted EPS of $1.14 beats analyst expectations, per LSEG data
Co raises full-year guidance for net sales and adjusted EBITDA
Outlook
Douglas Dynamics raises 2025 net sales guidance to $630 mln-$660 mln
Company expects 2025 adjusted EBITDA of $82 mln-$97 mln
Douglas Dynamics forecasts 2025 adjusted EPS between $1.65 and $2.15
Result Drivers
SOLUTIONS SEGMENT - Record results driven by favorable pricing and higher municipal demand
EBITDA MARGINS - Flat margins as Solutions improvements offset lower Attachments sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $194.30 mln | $189.50 mln (3 Analysts) |
Q2 Adjusted EPS | Beat | $1.14 | $0.99 (3 Analysts) |
Q2 Adjusted Net Income | Beat | $27.20 mln | $20.90 mln (1 Analyst) |
Q2 Adjusted EBITDA | Beat | $42.60 mln | $37.40 mln (3 Analysts) |
Q2 Adjusted EBITDA Margin |
| 21.9% |
|
Q2 Income from Operations |
| $37 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Douglas Dynamics Inc is $32.00, about 11.5% above its August 4 closing price of $28.32
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNXkdzYN
