Douglas Dynamics, Inc. (NYSE:PLOW) Q1 2024 Earnings Call Transcript

Bob McCormick: Thanks. Thank you for your continued interest in Douglas Dynamics. Let me finish with a few brief thoughts. We are encouraged by our positions in all the markets we serve today and our long-term growth prospects remain intact. We are confident that our continuous improvement mindset will allow us to thrive as the external headwinds subside. And we continue to execute effectively, manage through the weather uncertainty, and focus on factors within our control. I guess for those of you that have been around us quite a while, you know that we are focused on continuous improvement, you know that we have a get better every day mentality. We are also a weather driven company, right. And this weather challenge we are navigating through, while we have never seen something like this before, remember it is short-term, weather will come back, and our attachments group will come back stronger when those weather conditions come back.

The solutions group is showing ongoing continuous improvement in terms of results. I say all of that just to remind everybody of two things. Number one, our dividend remains our top priority and always will be, and we will generate enough free cash flow to cover that dividend in 2024. And number two, when these weather headwinds subside, our long-term financial targets are still clearly within our reach. So, with that, thank you for your support. We look forward to speaking with you soon.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.