A shift in pre-season orders helped Milwaukee-based Douglas Dynamics, Inc. post records for revenue and profit during the second quarter.
The maker of snow plows and other vehicle attachments reported net income of $16.3 million, up 24.6 percent from the same time last year. Earnings were also up, moving from 57 cents to 71 cents per diluted share.
Revenue came in at $113.8 million, a 6.2 percent increase over last year.
James Janik, Douglas Dynamics chairman, president and chief executive officer, said the company has “produced a tremendous start to our pre-season order period” and the company feels “both deals and end users remain cautiously optimistic about the future.”
Douglas Dynamics’ commercial snow and ice management products generally have a pre-season ordering period that covers the second and third quarters. The business from these pre-season sales was evenly split between the quarters in 2015. The company is expecting a 55 percent to 45 percent split favoring the second quarter this year.
The gains from the seasonal shift were slightly offset by lower sales of parts and accessories after low snowfall in the first half of 2016.
Company executives will discuss the results in more detail during an earnings call Tuesday.
