PLOW Douglas Dynamics misses by $0.05, misses on revs; reaffirms outlook (14.76 )
Reports Q4 (Dec) earnings of $0.23 per share, $0.05 worse than the Thomson Reuters consensus of $0.28; revenues fell 1.2% year/year to $48.5 mln vs the $52.5 mln consensus. This slight decrease in net sales reflects the late start to the snow season in the Company's key markets. In many areas, significant snowfall did not begin until late December. Parts and accessories sales remained strong, at a similar level to the prior year, driven by the continued trend toward repair rather than replacement as a result of continuing poor economic conditions. Consistent with previously stated annual range guidance, the co expects Adjusted EBITDA in any given year to be in a range from $35.0-75.0 mln.
Douglas Dynamics Board of Directors has declared a special cash dividend of $0.37 per share (14.77 ) : "Our priorities for excess cash remain the same: debt pay-down, acquisitions and dividends. In light of the fact that we have recently begun to evaluate opportunities to restructure our debt and had not completed any acquisitions as of December 31, 2010 based on our disciplined acquisition strategy, the board decided it was appropriate to return some excess cash to shareholders."
made 20.2% return + dividends. that "short" post was an idiot. if he went short as claimed, he lost a bunch. i look for this quarter to end up with big jolt due to the winter snows throughout US plus PLOW winning lawsuit on patent infringement. i rate a strong buy then will probably sell off in May or shortly after next dividend payout.