2023-05-01 17:14:59 ET
- Douglas Dynamics press release ( NYSE: PLOW ): Q1 Non-GAAP EPS of -$0.55 misses by $1.43 .
- Revenue of $82.5M (-19.6% Y/Y) misses by $108.67M .
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2023 financial outlook:
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Net Sales are expected to be between $620 million and $650 million.
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Adjusted EBITDA is predicted to range from $85 million to $100 million.
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Adjusted Earnings Per Share are expected to be in the range of $1.55 per share to $2.00 per share.
- The effective tax rate is expected to be approximately 24% to 25%.
- The outlook assumes relatively stable economic conditions, slightly improving supply of chassis and components, and that Company’s core markets will experience average snowfall levels in the fourth quarter of 2023.
For further details see:
Douglas Dynamics Non-GAAP EPS of -$0.55 misses by $1.43, revenue of $82.5M misses by $108.67M