Douglas Dynamics Inc
NYSE:PLOW
Income Statement
Earnings Waterfall
Douglas Dynamics Inc
Income Statement
Douglas Dynamics Inc
| Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
9
|
14
|
18
|
17
|
17
|
16
|
17
|
17
|
17
|
17
|
17
|
18
|
19
|
20
|
20
|
18
|
17
|
14
|
12
|
11
|
9
|
10
|
11
|
12
|
13
|
15
|
16
|
16
|
17
|
17
|
15
|
14
|
13
|
12
|
0
|
|
| Revenue |
173
N/A
|
174
+1%
|
174
0%
|
180
+4%
|
177
-2%
|
177
0%
|
186
+5%
|
191
+3%
|
197
+3%
|
209
+6%
|
194
-7%
|
188
-3%
|
172
-8%
|
140
-19%
|
146
+4%
|
135
-7%
|
150
+10%
|
194
+30%
|
217
+11%
|
250
+15%
|
276
+11%
|
304
+10%
|
321
+6%
|
340
+6%
|
382
+12%
|
400
+5%
|
395
-1%
|
402
+2%
|
405
+1%
|
416
+3%
|
440
+6%
|
465
+6%
|
467
+0%
|
475
+2%
|
487
+2%
|
511
+5%
|
510
0%
|
524
+3%
|
533
+2%
|
546
+2%
|
563
+3%
|
572
+1%
|
547
-4%
|
490
-10%
|
482
-2%
|
480
0%
|
515
+7%
|
553
+7%
|
547
-1%
|
542
-1%
|
541
0%
|
571
+6%
|
609
+7%
|
616
+1%
|
596
-3%
|
616
+3%
|
594
-4%
|
568
-4%
|
581
+2%
|
670
+15%
|
655
-2%
|
569
-13%
|
684
+20%
|
582
-15%
|
615
+6%
|
656
+7%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(116)
|
(117)
|
(118)
|
(119)
|
(116)
|
(117)
|
(118)
|
(122)
|
(127)
|
(137)
|
(129)
|
(126)
|
(116)
|
(96)
|
(99)
|
(93)
|
(104)
|
(129)
|
(141)
|
(159)
|
(171)
|
(187)
|
(202)
|
(219)
|
(249)
|
(268)
|
(265)
|
(267)
|
(274)
|
(282)
|
(303)
|
(325)
|
(327)
|
(332)
|
(341)
|
(354)
|
(355)
|
(369)
|
(375)
|
(385)
|
(397)
|
(403)
|
(389)
|
(360)
|
(356)
|
(352)
|
(373)
|
(393)
|
(393)
|
(400)
|
(404)
|
(432)
|
(459)
|
(465)
|
(454)
|
(464)
|
(451)
|
(434)
|
(439)
|
(509)
|
(495)
|
(422)
|
(509)
|
(427)
|
(453)
|
(481)
|
|
| Gross Profit |
56
N/A
|
57
+1%
|
56
-2%
|
62
+10%
|
62
N/A
|
60
-2%
|
67
+12%
|
69
+2%
|
70
+2%
|
72
+3%
|
65
-10%
|
61
-5%
|
56
-8%
|
44
-22%
|
47
+6%
|
42
-9%
|
46
+8%
|
66
+44%
|
75
+15%
|
91
+21%
|
105
+16%
|
116
+11%
|
119
+2%
|
121
+2%
|
133
+10%
|
133
0%
|
131
-2%
|
135
+3%
|
131
-3%
|
134
+2%
|
137
+2%
|
141
+3%
|
140
0%
|
143
+2%
|
146
+2%
|
157
+7%
|
156
-1%
|
155
0%
|
158
+2%
|
162
+2%
|
167
+3%
|
169
+1%
|
158
-7%
|
130
-17%
|
127
-2%
|
128
+1%
|
143
+11%
|
160
+12%
|
154
-4%
|
142
-8%
|
137
-4%
|
139
+2%
|
150
+8%
|
152
+1%
|
142
-6%
|
152
+7%
|
143
-6%
|
134
-6%
|
142
+6%
|
161
+13%
|
160
-1%
|
147
-8%
|
175
+19%
|
155
-11%
|
162
+5%
|
175
+8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(27)
|
(28)
|
(28)
|
(37)
|
(49)
|
(39)
|
(41)
|
(34)
|
(31)
|
(32)
|
(30)
|
(29)
|
(28)
|
(25)
|
(27)
|
(27)
|
(33)
|
(38)
|
(40)
|
(42)
|
(41)
|
(44)
|
(50)
|
(53)
|
(57)
|
(56)
|
(55)
|
(55)
|
(61)
|
(65)
|
(70)
|
(76)
|
(72)
|
(73)
|
(73)
|
(78)
|
(81)
|
(81)
|
(82)
|
(80)
|
(81)
|
(82)
|
(89)
|
(78)
|
(77)
|
(76)
|
(210)
|
(87)
|
(88)
|
(90)
|
(97)
|
(92)
|
(94)
|
(93)
|
(94)
|
(95)
|
(94)
|
(89)
|
(88)
|
(111)
|
(117)
|
(99)
|
(124)
|
(98)
|
(95)
|
(101)
|
|
| Selling, General & Administrative |
(23)
|
(22)
|
(22)
|
(30)
|
(32)
|
(33)
|
(33)
|
(26)
|
(25)
|
(26)
|
(25)
|
(24)
|
(23)
|
(20)
|
(21)
|
(22)
|
(27)
|
(32)
|
(34)
|
(37)
|
(35)
|
(38)
|
(41)
|
(44)
|
(48)
|
(48)
|
(48)
|
(48)
|
(51)
|
(54)
|
(58)
|
(64)
|
(61)
|
(62)
|
(62)
|
(66)
|
(70)
|
(70)
|
(70)
|
(69)
|
(69)
|
(71)
|
(72)
|
(67)
|
(66)
|
(65)
|
(67)
|
(76)
|
(77)
|
(79)
|
(80)
|
(81)
|
(83)
|
(82)
|
(83)
|
(84)
|
(83)
|
(79)
|
(78)
|
(99)
|
(106)
|
(92)
|
(115)
|
(92)
|
(89)
|
(95)
|
|
| Depreciation & Amortization |
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(10)
|
(11)
|
(12)
|
(13)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(12)
|
(11)
|
(8)
|
(9)
|
(6)
|
(6)
|
(6)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
(11)
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(131)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
29
N/A
|
29
+1%
|
28
-4%
|
25
-11%
|
13
-50%
|
21
+69%
|
26
+21%
|
35
+33%
|
39
+14%
|
40
+2%
|
34
-15%
|
32
-6%
|
29
-11%
|
19
-34%
|
20
+6%
|
15
-23%
|
13
-15%
|
28
+115%
|
35
+26%
|
49
+37%
|
64
+32%
|
72
+12%
|
69
-4%
|
68
-1%
|
76
+12%
|
77
+1%
|
76
-2%
|
80
+6%
|
70
-13%
|
69
-2%
|
67
-3%
|
64
-4%
|
68
+6%
|
70
+3%
|
73
+5%
|
79
+8%
|
74
-6%
|
74
-1%
|
76
+4%
|
82
+7%
|
86
+5%
|
87
+0%
|
68
-21%
|
52
-24%
|
50
-5%
|
53
+6%
|
(67)
N/A
|
73
N/A
|
66
-10%
|
52
-21%
|
40
-24%
|
47
+19%
|
56
+19%
|
59
+4%
|
48
-18%
|
57
+19%
|
49
-14%
|
45
-8%
|
54
+19%
|
50
-7%
|
42
-16%
|
48
+13%
|
51
+7%
|
57
+12%
|
67
+19%
|
74
+9%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(16)
|
(16)
|
(15)
|
(14)
|
(10)
|
(11)
|
(7)
|
(6)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(13)
|
(15)
|
(18)
|
(19)
|
(19)
|
(18)
|
(17)
|
(17)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(18)
|
(17)
|
(14)
|
(12)
|
(11)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(16)
|
(16)
|
(20)
|
(20)
|
(15)
|
(18)
|
(13)
|
(12)
|
(12)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
(8)
|
0
|
(8)
|
(8)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(2)
|
0
|
0
|
0
|
0
|
10
|
10
|
10
|
10
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
(138)
|
(138)
|
(131)
|
0
|
(5)
|
(5)
|
(6)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
40
|
41
|
41
|
42
|
(0)
|
(0)
|
|
| Total Other Income |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
|
| Pre-Tax Income |
13
N/A
|
14
+9%
|
13
-7%
|
3
-78%
|
3
N/A
|
3
-14%
|
12
+360%
|
28
+145%
|
30
+6%
|
30
+1%
|
25
-19%
|
23
-7%
|
20
-14%
|
10
-48%
|
11
+7%
|
7
-40%
|
4
-37%
|
19
+363%
|
27
+42%
|
40
+49%
|
56
+40%
|
62
+11%
|
60
-3%
|
59
-2%
|
66
+12%
|
66
+0%
|
74
+12%
|
79
+6%
|
67
-15%
|
64
-5%
|
49
-23%
|
46
-7%
|
49
+7%
|
53
+8%
|
56
+6%
|
62
+10%
|
58
-6%
|
56
-3%
|
58
+4%
|
64
+10%
|
68
+7%
|
63
-8%
|
50
-20%
|
(105)
N/A
|
(108)
-3%
|
(99)
+9%
|
(85)
+14%
|
52
N/A
|
47
-8%
|
35
-27%
|
29
-16%
|
37
+28%
|
45
+22%
|
47
+5%
|
36
-25%
|
43
+21%
|
34
-21%
|
29
-14%
|
36
+23%
|
27
-24%
|
62
+127%
|
74
+19%
|
74
+1%
|
86
+16%
|
55
-36%
|
62
+12%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(4)
|
(4)
|
0
|
(0)
|
(1)
|
(5)
|
(12)
|
(12)
|
(11)
|
(9)
|
(8)
|
(6)
|
(4)
|
(4)
|
(3)
|
(2)
|
(7)
|
(10)
|
(15)
|
(21)
|
(22)
|
(22)
|
(22)
|
(24)
|
(22)
|
(25)
|
(27)
|
(23)
|
(25)
|
(19)
|
(17)
|
(18)
|
25
|
23
|
24
|
29
|
(13)
|
(13)
|
(15)
|
(17)
|
(14)
|
(11)
|
15
|
15
|
12
|
9
|
(9)
|
(7)
|
(4)
|
(3)
|
(8)
|
(9)
|
(9)
|
(6)
|
(8)
|
(6)
|
(6)
|
(7)
|
(7)
|
(15)
|
(18)
|
(18)
|
(20)
|
(13)
|
(15)
|
|
| Income from Continuing Operations |
9
|
10
|
9
|
3
|
3
|
2
|
7
|
16
|
18
|
19
|
16
|
15
|
13
|
6
|
7
|
4
|
2
|
12
|
17
|
25
|
36
|
40
|
39
|
37
|
42
|
44
|
49
|
52
|
44
|
39
|
30
|
29
|
31
|
78
|
79
|
86
|
86
|
43
|
45
|
49
|
52
|
49
|
39
|
(90)
|
(93)
|
(87)
|
(76)
|
42
|
40
|
31
|
26
|
30
|
36
|
39
|
29
|
36
|
28
|
24
|
29
|
21
|
47
|
56
|
56
|
66
|
42
|
47
|
|
| Net Income (Common) |
9
N/A
|
10
+9%
|
9
-12%
|
3
-65%
|
3
-17%
|
2
-32%
|
7
+288%
|
16
+142%
|
18
+11%
|
19
+6%
|
15
-18%
|
15
-4%
|
13
-11%
|
6
-55%
|
7
+14%
|
4
-46%
|
2
-47%
|
12
+505%
|
16
+43%
|
25
+52%
|
35
+40%
|
39
+13%
|
38
-3%
|
37
-4%
|
41
+13%
|
44
+5%
|
48
+11%
|
52
+7%
|
43
-16%
|
39
-11%
|
30
-22%
|
29
-5%
|
31
+7%
|
55
+78%
|
56
+3%
|
62
+11%
|
63
+1%
|
43
-31%
|
45
+4%
|
50
+10%
|
52
+5%
|
49
-7%
|
39
-19%
|
(90)
N/A
|
(93)
-4%
|
(87)
+7%
|
(76)
+12%
|
42
N/A
|
40
-5%
|
31
-23%
|
26
-15%
|
30
+14%
|
36
+21%
|
39
+8%
|
29
-24%
|
36
+21%
|
28
-21%
|
24
-16%
|
29
+21%
|
21
-29%
|
46
+126%
|
55
+19%
|
55
+0%
|
65
+17%
|
41
-37%
|
46
+12%
|
|
| EPS (Diluted) |
0.6
N/A
|
0.67
+12%
|
0.59
-12%
|
0.16
-73%
|
0.07
-56%
|
0.09
+29%
|
0.3
+233%
|
0.72
+140%
|
0.81
+13%
|
0.86
+6%
|
0.71
-17%
|
0.67
-6%
|
0.6
-10%
|
0.27
-55%
|
0.31
+15%
|
0.17
-45%
|
0.09
-47%
|
0.52
+478%
|
0.74
+42%
|
1.13
+53%
|
1.58
+40%
|
1.77
+12%
|
1.73
-2%
|
1.63
-6%
|
1.84
+13%
|
1.95
+6%
|
2.14
+10%
|
2.28
+7%
|
1.94
-15%
|
1.71
-12%
|
1.34
-22%
|
1.26
-6%
|
1.35
+7%
|
2.41
+79%
|
2.47
+2%
|
2.7
+9%
|
2.77
+3%
|
1.9
-31%
|
1.96
+3%
|
2.14
+9%
|
2.28
+7%
|
2.13
-7%
|
1.72
-19%
|
-3.94
N/A
|
-4.08
-4%
|
-3.78
+7%
|
-3.32
+12%
|
1.83
N/A
|
1.74
-5%
|
1.34
-23%
|
1.13
-16%
|
1.29
+14%
|
1.56
+21%
|
1.68
+8%
|
1.28
-24%
|
1.55
+21%
|
1.22
-21%
|
1.03
-16%
|
1.25
+21%
|
0.88
-30%
|
1.96
+123%
|
2.34
+19%
|
2.38
+2%
|
2.73
+15%
|
1.76
-36%
|
1.96
+11%
|
|