DOUGLAS DYNAMICS, INC
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $764.6M | $687.3M | $695.3M | $666.2M | $580.1M | $517.1M | $425.8M | $346.7M |
| Service | $624.9M | $564.0M | $553.8M | $510.6M | $446.7M | $393.5M | $326.6M | $277.2M |
| Product | $139.7M | $123.3M | $141.5M | $155.6M | $133.4M | $123.6M | $99.2M | $69.5M |
| Cost of Revenue | $331.8M | $282.3M | $267.5M | $187.2M | $128.7M | $96.1M | $137.0M | $116.5M |
| Gross Profit | $143.1M | $134.0M | $132.9M | $116.3M | $65.7M | $44.0M | $71.8M | $60.3M |
| Gross Margin | 18.7% | 19.5% | 19.1% | 17.5% | 11.3% | 8.5% | 16.9% | 17.4% |
| Operating Expenses | ||||||||
| Research & Development | $2.9M | $3.1M | $3.0M | — | — | — | — | — |
| SG&A Expense | $60.9M | $53.6M | $48.2M | $38.3M | $31.9M | $19.9M | $26.4M | $26.5M |
| Operating Income | $70.8M | $69.8M | $77.4M | $72.2M | $27.5M | $18.9M | $40.2M | $21.4M |
| Operating Margin | 9.3% | 10.2% | 11.1% | 10.8% | 4.7% | 3.6% | 9.4% | 6.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $52.9M | $63.7M | $66.3M | $62.0M | $19.0M | $10.2M | $30.4M | $2.5M |
| Income Tax Expense | $-2.4M | $24.7M | $22.1M | $22.0M | $7.4M | $4.1M | $11.3M | $872.0K |
| Net Income | $55.3M | $39.0M | $44.2M | $40.0M | $11.6M | $6.0M | $19.0M | $1.7M |
| Net Margin | 7.2% | 5.7% | 6.4% | 6.0% | 2.0% | 1.2% | 4.5% | 0.5% |
| EPS (Basic) | $2.42 | $1.71 | $1.95 | $1.78 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $2.40 | $1.70 | $1.94 | $1.77 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 22.58B | 22.48B | 22.33B | 22.17B | 22.16B | 22.03B | 21.78B | 18.91B |
| Shares Outstanding (Diluted) | 22.59B | 22.48B | 22.34B | 22.19B | 22.20B | 22.10B | 21.95B | 19.40B |
| Dividends Per Share | $0.96 | $0.94 | $0.89 | $0.87 | $0.00 | $0.00 | $0.00 | $0.00 |