Douglas Dynamics, Inc. (PLOW) announced earnings for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings came in at $25.95 million, or $1.09 per share. This compares with $24.34 million, or $1.02 per share, last year.
Excluding items, Douglas Dynamics, Inc. reported adjusted earnings of $27.21 million or $1.14 per share for the period.
Analysts on average had expected the company to earn $0.45 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.8% to $194.33 million from $199.90 million last year.
Douglas Dynamics, Inc. earnings at a glance (GAAP) :
-Earnings: $25.95 Mln. vs. $24.34 Mln. last year.-EPS: $1.09 vs. $1.02 last year.-Revenue: $194.33 Mln vs. $199.90 Mln last year.
The company has increased FY25 Revenue Guidance from $630 mln to $660 mln from $610 mln to $650 mln.
The company has also increased FY25 EPS Guidance to $1.65 to $2.15 per share from $1.30 $2.10 per share.
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