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

Note 15 - Segments (Tables)

6 Months Ended

Jun. 30, 2024

	*Three Months Ended*		*Three Months Ended*		*Six Months Ended*		*Six Months Ended*
	*June 30,*		*June 30,*		*June 30,*		*June 30,*
	*2024*		*2023*		*2024*		*2023*
Net sales
Work Truck Attachments	$	118,137	$	141,221	$	141,977	$	160,467
Work Truck Solutions		81,765		66,046		153,580		129,345
	$	199,902	$	207,267	$	295,557	$	289,812
Adjusted EBITDA
Work Truck Attachments	$	35,792	$	42,296	$	31,324	$	32,065
Work Truck Solutions		7,903		965		13,905		3,822
	$	43,695	$	43,261	$	45,229	$	35,887
Depreciation and amortization expense
Work Truck Attachments	$	2,363	$	3,403	$	5,710	$	6,741
Work Truck Solutions		2,044		2,039		4,042		4,058
	$	4,407	$	5,442	$	9,752	$	10,799
Assets
Work Truck Attachments	$	413,752	$	439,940
Work Truck Solutions		203,215		201,260
	$	616,967	$	641,200
Capital Expenditures
Work Truck Attachments	$	459	$	1,933	$	1,134	$	2,865
Work Truck Solutions		1,212		836		1,311		1,372
	$	1,671	$	2,769	$	2,445	$	4,237

Adjusted EBITDA
Work Truck Attachments	$	35,792	$	42,296	$	31,324	$	32,065
Work Truck Solutions		7,903		965		13,905		3,822
Total Adjusted EBITDA	$	43,695	$	43,261	$	45,229	$	35,887
Less items to reconcile Adjusted EBITDA to Income before taxes:
Interest expense - net		4,123		3,736		7,647		6,600
Depreciation expense		2,777		2,812		5,492		5,539
Amortization		1,630		2,630		4,260		5,260
Stock based compensation		2,478		3,279		2,833		4,236
Impairment charges (1)		-		-		1,224		-
Other charges (2)		560		68		1,589		142
Income before taxes	$	32,127	$	30,736	$	22,184	$	14,110