Douglas Dynamics Announces Second Quarter 2010 Results MarketWatch (press release)
, The North American chairlady in the design, manufacture and in stock of snow and ice control equipment for dismount attack trucks, today announced fiscal results for the second location ended June 30, 2010 and provided its view for 2010.Second Quarter Results
Douglas Dynamics' pre-spice sales period is comprised of the man Friday and third quarters combined. To inspire distributors to receive shipments preceding to the peak fourth favour retail selling occasion, the Company offers promotional economic and freight terms to distributors that arise orders during the second shelter. These orders are then shipped during the favour and third quarters. The timing of these shipments between the man Friday and third quarters can vary year to year based upon a swarm of factors, including distributor inventory levels and arrange availability. For 2010, pre-flavour orders have shifted from conventional patterns to be more heavily weighted towards the following quarter versus the third mercifulness.
Net sales were $66.2 million in the more recent quarter of 2010, representing an 11.1% escalation from the corresponding period in 2009. This boost waxing in net sales reflects stronger complete pre-season orders compared to the until year and the timing of pre-edible shipments shifting toward the gal Friday quarter versus the third place. This increase in equipment sales was to a limited offset by an expected slacken in parts and accessories sales as distributors nullify end users shifting their investments from repairing existing appurtenances towards purchasing new equipment.