Douglas Dynamics, Inc. Annual report pursuant to Section 13 and 15(d)

Note 20 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2023

20. Quarterly Financial Information (Unaudited)

	*2023*
	*First*			*Second*		*Third*		*Fourth*

Net sales	$	82,545		$	207,267	$	144,121	$	134,245
Gross profit	$	11,275		$	61,363	$	32,129	$	29,503
Income (loss) before taxes	$	(16,626	)	$	30,736	$	6,929	$	8,195
Net income (loss)	$	(13,110	)	$	23,964	$	5,792	$	7,077
Basic net earnings (loss) per common share attributable to common shareholders	$	(0.58	)	$	1.02	$	0.25	$	0.30
Earnings (loss) per common share assuming dilution attributable to common shareholders	$	(0.58	)	$	1.01	$	0.24	$	0.29
Dividends per share	$	0.30		$	0.30	$	0.30	$	0.30

	*2022*
	*First*			*Second*		*Third*		*Fourth*

Net sales	$	102,601		$	187,561	$	166,100	$	159,806
Gross profit	$	21,064		$	51,233	$	41,269	$	37,890
Income (loss) before taxes	$	(4,925	)	$	23,090	$	16,175	$	13,021
Net income (loss)	$	(3,908	)	$	17,725	$	13,280	$	11,512
Basic net earnings (loss) per common share attributable to common shareholders	$	(0.18	)	$	0.76	$	0.57	$	0.49
Earnings (loss) per common share assuming dilution attributable to common shareholders	$	(0.18	)	$	0.75	$	0.56	$	0.49
Dividends per share	$	0.29		$	0.29	$	0.29	$	0.29

Due to the timing of issuance of shares, the sum of quarterly earnings per share may not equal the annual earnings per share.