Author Topic: PLOW - Douglas Dynamics  (Read 3231 times)

SlowAppreciation

  • Full Member
  • ***
  • Posts: 200
    • Slow Appreciation
Re: PLOW - Douglas Dynamics
« Reply #10 on: November 02, 2016, 10:37:12 AM »
It is nice to see FCF continues to grow as amortization makes up a large portion of their expense base. So while income was down YoY, FCF keeps increasing.

Some acq-related amortization was pulled forward this quarter, suppressing earnings, but these are mostly one time in nature.

FCF yield is 12% and EV/EBITDA is now something like ~11

SlowAppreciation

  • Full Member
  • ***
  • Posts: 200
    • Slow Appreciation
Re: PLOW - Douglas Dynamics
« Reply #11 on: March 07, 2017, 06:41:00 AM »
Mixed quarter. GM came down because of lower margin structure on some of their recent acquisitions; however, they seem much less dependent on snow fall amounts than in years past considering the past two winters have been quite mellow.

Quote
Douglas Dynamics (PLOW) shares climbed more than 3% in pre-market after the company reported Q4 earnings of $0.44 per diluted share compared with an income of $0.66 per share a year ago, beating the $0.37 average EPS estimate from analysts polled by Capital IQ.

Net sales jumped 9.5% to $130.1 million, missing the $131.8 million consensus.

For 2017, net sales are expected to come in between $470 million and $530 million in 2017, which compares with an average analyst estimate of $489.4 million. Earnings per share are expected to be in a range of $1.20 per share to $1.80 per share, straddling the $1.61 estimate.