Natural Disasters Hit Douglas Dynamics

Douglas Dynamics (NYSE: PLOW) has worked hard to broaden out its business, going beyond its traditional winter-oriented snowplows and ice-fighting equipment to incorporate all-season equipment to its lineup. That gives the company a chance to make money during the warmer seasons, but it also adds new challenges to managing the business.

Coming into Monday's third-quarter financial report, Douglas Dynamics investors wanted to see a boost to earnings and revenue. Douglas Dynamics suffered some difficulties because of natural disasters during the quarter, but the company remains optimistic about its ability to keep growing going into the key winter months. Let's take a closer look at Douglas Dynamics to see how it's doing and what's coming next for the work truck attachment specialist.

Douglas Dynamics' third-quarter results were solid, even if they didn't live up to the hopes of its shareholders. Revenue climbed just over 1% to $125.3 million, falling short of the 8% growth that investors had wanted to see. Net income climbed 27% to $9.3 million, producing earnings of $0.40 per share. Yet the consensus forecast among those following the stock was $0.45 per share, providing more disappointment.

Source: Fool.com