Douglas Dynamics Beats on the Top Line
Douglas Dynamics (NYS: PLOW) reported earnings March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Douglas Dynamics crushed expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins improved, net margins dropped.
Douglas Dynamics reported revenue of $60.3 million. The five analysts polled by S&P Capital IQ foresaw revenue of $47.9 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $48.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.29. The five earnings estimates compiled by S&P Capital IQ predicted $0.21 per share on the same basis. GAAP EPS of $0.28 for Q4 were 17% higher than the prior-year quarter's $0.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.0%, 30 basis points worse than the prior-year quarter. Operating margin was 18.9%, 370 basis points better than the prior-year quarter. Net margin was 10.2%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $17.0 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $181.7 million. The average EPS estimate is $0.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 24 members out of 27 rating the stock outperform, and three members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Douglas Dynamics a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Douglas Dynamics is outperform, with an average price target of $17.00.
Can your retirement portfolio provide you with enough income to last? You'll need more than Douglas Dynamics. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Douglas Dynamics to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.