Douglas Dynamics Reports Strong Q1 Growth, Reaffirms 2025 Revenue Forecast

Douglas Dynamics (PLOW) reported a strong first quarter with net sales rising over 20% year-over-year to approximately $115 million and earnings per share of $0.09, significantly surpassing analyst expectations. The company achieved improved profitability, with gross margin up by 470 basis points and a swing from a net loss last year to a modest net income this quarter, driven by robust demand for work truck attachments and favorable snowfall conditions. Analysts and market watchers remain optimistic about the company's outlook, forecasting 2025 net sales between $610 million and $650 million and an average price target suggesting a potential upside of over 38% from current levels. Douglas Dynamics' financial health is rated positively, and it has consistently outperformed earnings estimates over the last year. Despite positive momentum, the company cautions that economic uncertainties and continued tariff impacts could affect future results, though its U.S.-centered supply chain is seen as an advantage. The stock is currently rated 'Outperform' by analysts, with continued attention on earnings revisions and management's future guidance.