Douglas Dynamics Cuts 2023 Net Sales Outlook From $620M-$650M To $610M-$640M; Adjusted EPS Guidance From $1.55-$2.00 To $1.30-$1.70
Portfolio Pulse from Benzinga Newsdesk
Douglas Dynamics has reduced its 2023 net sales outlook from $620M-$650M to $610M-$640M. The company has also lowered its adjusted EPS guidance from $1.55-$2.00 to $1.30-$1.70.
October 30, 2023 | 10:13 pm
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NEGATIVE IMPACT
Douglas Dynamics has lowered its 2023 net sales and adjusted EPS guidance, which could negatively impact investor sentiment and the company's stock price.
Douglas Dynamics' lowered guidance for 2023 indicates potential challenges in the company's future performance. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100