Douglas Dynamics Reports Fourth Quarter and Full Year 2020 Results
Strong Conclusion to Challenging Year; Well-Positioned for Long-Term Success
Fourth Quarter 2020 Highlights:
Gross Profit Margin increased by approximately 130 basis points over fourth quarter last year
Net Income of $18.2 million increased 57% compared to fourth quarter 2019
Adjusted EBITDA was $33.2 million, compared to $29.9 million in 4Q19 and Adjusted
EBITDA margin increased by approximately 230 basis points Announced quarterly dividend increase to $0.285 per share for 2021 first quarter
MILWAUKEE, Feb. 22, 2021 (GLOBE NEWSWIRE) Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the fourth quarter and full year ended December 31, 2020.