Record Revenue and Adjusted EPS
Douglas Dynamics achieved record revenue and record adjusted EPS in Q1 2025, despite typically not generating a profit in the first quarter due to business seasonality.
Work Truck Solutions Segment Performance
Work Truck Solutions delivered its fourth consecutive quarter of record results, with net sales rising 9.5% to $78.6 million.
Work Truck Attachments Segment Growth
The Work Truck Attachments segment saw net sales increase by 52.9% to $36.5 million, driven by higher sales of parts and accessories.
Improved Gross Margins
Consolidated gross margins improved by 470 basis points to 24.5%.
Debt Reduction and Improved Leverage
Interest expense decreased by approximately 33%, and the leverage ratio improved to 2.1x from 3.3x in 2024.