Douglas Dynamics Q3: Record Sales, M&A, & Raised Guidance

Douglas Dynamics delivers impressive Q3 results, surpassing expectations with a 25% increase in net sales and a 31% rise in adjusted EBITDA. The company also announces its first acquisition in nine years, Venco Venturo, and expands its board with two new independent members. Work Truck Solutions reports record sales and EBITDA growth, driven by strong municipal demand and improved efficiencies. Attachments see a 13% sales increase, with preseason shipments on track and inventory down. The company boasts strong liquidity and debt leverage, raising full-year guidance for net sales, adjusted EBITDA, and earnings per share. Looking ahead, Douglas Dynamics is well-positioned for winter weather and synergies from the Venco integration. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/452a960a8acb92a0