WNC - Douglas Dynamics Is Beginning To Prove Itself

2024-07-30 11:19:12 ET

Summary

• Douglas Dynamics, Inc. shares rose 5.5% after exceeding revenue, earnings, and adjusted earnings per share expectations in Q2 of fiscal year 2024.
• Despite a decline in revenue, the company's financial performance improved year over year, with higher earnings and cash flows reported.
• Management's guidance for the rest of the year suggests continued growth, making the stock look attractively priced on an absolute basis.

After the market closed on July 29th, shares of Douglas Dynamics, Inc. ( PLOW ) shot up 5.5%. This move higher came after the company announced financial results covering the second quarter of its 2024 fiscal year. The data provided shows that management exceeded analysts' estimates when it came to revenue, earnings per share, and adjusted earnings per share. Guidance for the year also looks better than last year did. And as a result, the stock is cheaper than it otherwise would have been....

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