DOUGLAS DYNAMICS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
PLOW$37.33-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In Thousands, Except Per Share Data)
| Years ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $568,178 | $616,068 | $541,453 |
| Cost of sales | 433,908 | 464,612 | 399,581 |
| Gross profit | 134,270 | 151,456 | 141,872 |
| Selling, general, and administrative expense | 78,841 | 82,183 | 78,844 |
| Impairment charges | - | - | 1,211 |
| Intangibles amortization | 10,520 | 10,520 | 10,682 |
| Income from operations | 44,909 | 58,753 | 51,135 |
| Interest expense, net | (15,675) | (11,253) | (11,839) |
| Loss on extinguishment of debt | - | - | (4,936) |
| Other income (expense), net | - | (139) | 228 |
| Income before taxes | 29,234 | 47,361 | 34,588 |
| Income tax expense | 5,511 | 8,752 | 3,897 |
| Net income | $23,723 | $38,609 | $30,691 |
| Earnings per share: | |||
| Basic earnings per common share attributable to common shareholders | $1.01 | $1.65 | $1.31 |
| Earnings per common share assuming dilution attributable to common shareholders | $0.98 | $1.63 | $1.29 |
| Cash dividends declared and paid per share | $1.18 | $1.16 | $1.14 |
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