Douglas Dynamics Gets Balance From Business Diversity
Seasonal businesses have to endure down periods, and for Douglas Dynamics (NYSE: PLOW), specializing in snowplows and other ice removal equipment used to mean that summers were tough periods for the company. In response, Douglas Dynamics made a strategic move to add a less winter-driven business to its overall operations in the hopes that it would bring valuable revenue even during a typical downtime for its legacy snow removal business.
Coming into Monday's second-quarter financial report, Douglas Dynamics investors were prepared for declines in earnings, but they still wanted to see sales improve from the new work truck solutions segment. Douglas Dynamics largely delivered on that promise, with better sales growth and less extreme bottom-line declines than investors had expected. Let's look more closely at Douglas Dynamics and what its latest results say about the progress it has made.
Image source: Douglas Dynamics.
Source: Fool.com
Douglas Dynamics Inc. Stock
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As a result the target price of 29 € shows a slightly positive potential of 16.94% compared to the current price of 24.8 € for Douglas Dynamics Inc..
