Douglas Dynamics, Inc. (NYSE:PLOW) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET
Company Participants
Sarah Lauber - Chief Financial Officer
Bob McCormick - President and Chief Executive Officer
Conference Call Participants
Mike Shlisky - D.A. Davidson
Tim Wojs - Baird
Operator
Good day and welcome to the Douglas Dynamics Third Quarter 2022 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Ms. Sarah Lauber, Chief Financial Officer. Please go ahead, Ma'am.
Sarah Lauber
Thank you. Welcome, everyone, and thank you for joining us on today's call. Before we begin, I'd like to remind you that some of the comments that will be made during this conference call, including answers to your questions will constitute forward-looking statements. These forward-looking statements are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters that we have described in yesterday's press release and in our filings with the SEC.
Joining me on the call today is Bob McCormick, our President and Chief Executive Officer. In a moment, Bob will provide an overview of our performance, then I'll review our financial results and guidance. After that, we'll open the call for your questions.
With that, I'll hand the call over to Bob.
Bob McCormick
Thanks, Sarah. Good morning, everyone. Before we begin, I would like to welcome Joher Akolawala to our Board of Directors. Joher has a track record of strong leadership at Bluechip, multinational companies over 30 years across a diverse set of industries. Importantly, he brings a focus on finance, information technology, and cyber security and we look forward to working with him.
We also want to thank Jim Staley for his contributions to the company. Jim will retire from the Board at the end of his current term at the 2023 Annual Meeting. Jim has been a trusted advisor to Douglas for many years and we are grateful for the great advice he has given us on many occasions. We will miss his counsel and wisdom and wish him all the very best for the future.
Turning to the quarter. We are justifiably proud of our results for the third quarter. Demand for our products and services remained strong. Macroeconomic supply headwinds continue and the predicted increase in chassis and component supply has yet to materialize in a significant way.