Douglas Dynamics, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Note 20 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2024

20. Quarterly Financial Information (Unaudited)

	2024
	First			Second		Third			Fourth

Net sales	$	95,655		$	199,902	$	129,398		$	143,549
Gross profit	$	18,920		$	61,303	$	30,875		$	35,739
Income (loss) before taxes	$	(9,943	)	$	32,127	$	41,740	*	$	9,967
Net income (loss)	$	(8,352	)	$	24,338	$	32,258		$	7,907
Basic earnings (loss) per common share	$	(0.37	)	$	1.03	$	1.37		$	0.33
Diluted earnings (loss) per common share	$	(0.37	)	$	1.02	$	1.36		$	0.33
Dividends per share	$	0.30		$	0.30	$	0.30		$	0.30

* Quarter was impacted by the gain on the sale leaseback transaction of $42,298, offset by $5,494 of associated transaction costs.

	*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 earnings (loss) per common share	$	(0.58	)	$	1.02	$	0.25	$	0.30
Diluted earnings (loss) per common share	$	(0.58	)	$	1.01	$	0.24	$	0.29
Dividends per share	$	0.30		$	0.30	$	0.30	$	0.30

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