Douglas Dynamics, Inc. (NYSE:PLOW) Q1 2022 Results Conference Call May 3, 2022 10:00 AM ET
Company Participants
Sarah Lauber - CFO
Bob McCormick - CEO
Conference Call Participants
Timothy Wojs - Baird
Mike Shlisky - D.A. Davidson
Chris McGinnis - Sidoti
Operator
Good day, and thank you for standing by. Welcome to the Douglas Dynamics First Quarter 2022 Earnings Conference Call. [Operator Instructions].
I would now like to hand the conference over to Sarah Lauber, Chief Financial Officer.
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 to Bob.
Bob McCormick
Thanks, Sarah. Good morning, everyone. Our first quarter performance and net expectations as we continue to navigate through the same challenges we've been facing in recent quarters. While external conditions aren't improving yet, and we haven't seen any new curve balls recently. Net sales were essentially flat compared to the record results for the same period last year, with higher pricing at both segments, offset by lower volumes. We had a return way more typical first quarter in attachments versus the tremendously profitable first quarter we delivered last year, driven by a concentrated snowfall in February 2021. We did not expect to repeat this snowfall-driven performance.
We've experienced solar production volumes in the Solutions Segment this quarter, stemming from chassis and component shortages, which haven't yet started to impact us in first quarter 2021.
Pandemic-related absenteeism [Indiscernible] generally in line with the country and local markets. Omicron had an impact in the first quarter, but we have learned to manage through such surge as well. Very proud of our team for maintaining their focus on pandemic safety for more than 2 years now. We continue to demonstrate flexibility and creativity as we strive to deliver for our customers every day.