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Investor Presentaiton

Q3 2023 FINANCIALS ୧୧ Results Produced Net Sales of $144.1 million Delivered Net Income of $5.8 million, or $0.24 of Diluted EPS WTS Net Sales increased approximately 18%, and Adjusted EBITDA margin improved to 7.3% WTA 2023 combined 2Q and 3Q results only slightly below same period of 2022 and showed improvement over same period of 2021; Also maintained 25% EBITDA margins. Paid $0.295 per share cash dividend Positives • • • • WTA: Dealer sentiment and financial health remain positive. 'Low Snowfall Playbook' actions positively impacting results. WTS: Continued strong backlog and pricing recovery. Internal growth drivers are paying off. Continued baseline profit improvements in both segments. © 2023 Douglas Dynamics, LLC 18
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