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Douglas Dynamics Inc Reaffirms FY 2013 Guidance


Monday, 4 Nov 2013 04:30pm EST 

Douglas Dynamics Inc announced that for fiscal 2013, it reaffirms it's guidance and expects net sales to range from $175 million to $200 million and Adjusted EBITDA to be in the range of $36 million to $46 million. Adjusted diluted earnings per share are expected to range from $0.30 per share to $0.60 per share. The full-year 2013 outlook assumes that the Company's core markets will experience average snowfall and the economy remains stable. These projected results include certain non-cash purchase accounting adjustments attributable to the TrynEx business acquired on May 6, 2013. Specifically, these projected results include adjustments of $4.5 million, which are expected to impact earnings per share negatively by ($0.12). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $178 million, EBITDA of $39 million and EPS of $0.55 for fiscal 2013. 

Company Quote

22.71
0.49 +2.21%
26 Feb 2015