Douglas Dynamics, Inc. (PLOW)

[MiamiGent]

Douglas Dynamics Gains in After-Hours on Q4 Results Beat

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

http://stockcharts.com/h-sc/ui?s=PLOW

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.