Douglas Dynamics Expects 2024 Net Sales Of $600M-$660M Vs. $633.93M Consensus; Adjusted EPS Of $1.20-$2.10 Vs. $1.74 Consensus
Portfolio Pulse from Benzinga Newsdesk
Douglas Dynamics forecasts 2024 net sales of $600M-$660M, aligning with a $633.93M consensus. Adjusted EPS is projected at $1.20-$2.10, versus a $1.74 consensus. The company anticipates 50%-100% EPS growth from 2023, attributing this to demand recovery in Attachments and ongoing profit and margin enhancements. The expected effective tax rate is 24%-25%.
February 27, 2024 | 7:12 am
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Douglas Dynamics projects 2024 net sales of $600M-$660M and adjusted EPS of $1.20-$2.10, with significant EPS growth expected.
Douglas Dynamics' forecast aligns closely with consensus estimates, indicating management's confidence in the company's growth trajectory. The anticipated EPS growth of 50%-100% from 2023 levels suggests significant operational improvements and demand recovery, which could positively influence investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100