Douglas Dynamics Common Earnings: Here’s Why Investors Don’t Like These Results
Douglas Dynamics, Inc. Common S (NYSE:PLOW) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.41%.
Douglas Dynamics, Inc. Common S Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.05 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Decreased 53.2% to $28.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Douglas Dynamics, Inc. Common S reported adjusted EPS loss of $0.05 per share. By that measure, the company missed the mean analyst estimate of $-0.05. It beat the average revenue estimate of $28.03 million.
Quoting Management: James L. Janik, President and Chief Executive Officer of the Company, commented, “Fourth quarter and full year results reflect the difficult market environment we faced, which was primarily driven by unfavorable weather trends. Despite this challenging year, the long-term fundamentals of our business remain strong, and we continue to generate significant cash flows and maintain a strong financial position.”
Key Stats (on next page)…