Douglas Dynamics Q1 2025: Sales Hit $200M, Net Income Steady
Ticker: PLOW · Form: 10-Q · Filed: May 6, 2025 · CIK: 1287213
| Field | Detail |
|---|---|
| Company | Douglas Dynamics, Inc (PLOW) |
| Form Type | 10-Q |
| Filed Date | May 6, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financials, hedging
TL;DR
DD: Q1 sales $200M, net income $23.2M. Steady performance.
AI Summary
Douglas Dynamics, Inc. reported its first quarter 2025 results, with net sales of $200 million for the three months ended March 31, 2025. The company's net income was $23.2 million, compared to $23.1 million in the same period last year. The filing also mentions impairment charges on software from the prior year and details on steel hedging instruments.
Why It Matters
This filing provides insight into Douglas Dynamics' financial performance in early 2025, indicating stable profitability despite potential market fluctuations reflected in hedging instruments.
Risk Assessment
Risk Level: low — The filing presents standard financial reporting for a public company with no immediate red flags.
Key Numbers
- $200.0M — Net Sales (For the three months ended March 31, 2025)
- $23.2M — Net Income (For the three months ended March 31, 2025, showing slight growth from $23.1M in Q1 2024)
- $29 — Steel Hedging Instruments (Value at March 31, 2025, impacting current assets)
Key Players & Entities
- Douglas Dynamics, Inc. (company) — Filer of the 10-Q report
- 20250331 (date) — End of the reporting period
- 20250506 (date) — Filing date
- $200,000,000 (dollar_amount) — Net sales for the three months ended March 31, 2025
- $23,209,426 (dollar_amount) — Net income for the three months ended March 31, 2025
- $23,094,047 (dollar_amount) — Net income for the three months ended March 31, 2024
FAQ
What was the net sales figure for Douglas Dynamics in the first quarter of 2025?
Net sales for the three months ended March 31, 2025, were $200,000,000.
How did net income in Q1 2025 compare to Q1 2024?
Net income for the three months ended March 31, 2025, was $23,209,426, a slight increase from $23,094,047 in the same period of 2024.
What is the significance of the Level 2 inputs mentioned in the filing?
Level 2 inputs are used to determine the fair value of the interest rate swap, based on observable inputs like market prices, and are only changed when corroborated by market data.
What are the steel hedging instruments and their value at March 31, 2025?
Steel hedging instruments were valued at $29 at March 31, 2025, and are included in Prepaid and other current assets.
Does the filing mention any impairment charges?
Yes, the filing reflects impairment charges taken on certain internally developed software in the three months ended March 31, 2024.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 6, 2025 regarding DOUGLAS DYNAMICS, INC (PLOW).