Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Segments (Table)

3 Months Ended

Mar. 31, 2020



	Three Months Ended		Three Months Ended
	March 31,		March 31,
		2020		2019
Net sales
Work Truck Attachments	$	19,120	$	25,817
Work Truck Solutions		49,070		67,370
	$	68,190	$	93,187
Adjusted EBITDA
Work Truck Attachments	$	(2,076)	$	2,284
Work Truck Solutions		361		6,735
	$	(1,715)	$	9,019
Depreciation and amortization expense
Work Truck Attachments	$	2,659	$	2,538
Work Truck Solutions		2,235		2,270
	$	4,894	$	4,808
Assets
Work Truck Attachments	$	349,671	$	330,731
Work Truck Solutions		342,865		345,288
	$	692,536	$	676,019
Capital Expenditures
Work Truck Attachments	$	1,858	$	611
Work Truck Solutions		396		77
	$	2,254	$	688


Adjusted EBITDA
Work Truck Attachments	$	(2,076)	$	2,284
Work Truck Solutions		361		6,735
Total Adjusted EBITDA	$	(1,715)	$	9,019
Less items to reconcile Adjusted EBITDA to Loss before taxes:
Interest expense - net		5,040		4,150
Depreciation expense		2,156		2,067
Amortization		2,738		2,741
Purchase accounting		(17)		(217)
Stock based compensation		1,368		1,054
COVID-19 (1)		317		-
Other charges		31		(16)
Loss before taxes	$	(13,348)	$	(760)

(1) - Reflects incremental costs incurred related to the COVID-19 crisis for the periods presented.