Douglas Dynamics backs FY24 EPS view $1.20-$1.70, consensus $1.42

Backs FY24 revenue view $600M-$640M, consensus $613.73M. “Although preseason orders came in somewhat softer than expected, we are maintaining our 2024 guidance ranges based on strong Solutions performance and successful realization of savings early into our 2024 Cost Savings Program,” explained Sarah Lauber, Executive Vice President and CFO. “We will continue to closely monitor Attachments order activity and dealer inventory in the coming quarter, but we have already aggressively aligned our production plans as we navigate this elongated replacement cycle. The Solutions segment produced strong year-over-year improvements in the first half of the year and expects the second half of 2024 to be similar to the same period in 2023. The Solutions team maintains a strong backlog and solid demand, and remains on track to deliver improved full year results for the third year in a row.”