Douglas Dynamics first-quarter loss widens on lower parts sales

Douglas Dynamics 1Q loss grows

MILWAUKEE — Snowplow maker Douglas Dynamics said Tuesday that its first-quarter loss grew on lower sales of parts and accessories.

The company reported a net loss of $5.7 million, or 40 cents per share in the quarter ended March 31. That compared with $4.5 million, or 31 cent per share loss Douglas Dynamics posted in the year-ago quarter.

Sales fell 3.5 percent to $14.6 million. The company said that equipment sales were up, but were outweighed by lower results for parts and accessories.

Douglas Dynamics raised $112.5 million in early May with an initial public offering.

Company shares fell 11 cents to $11.58 in late afternoon trading.