Douglas Dynamics, Inc. (PLOW) CEO Bob McCormick on Q2 2020 Results - Earnings Call Transcript

Douglas Dynamics, Inc. (NYSE:PLOW) Q2 2020 Earnings Conference Call August 4, 2020 10:00 AM ET

Company Participants

Bob McCormick - President and Chief Executive Officer
Sarah Lauber - Chief Financial Officer

Conference Call Participants

Josh Chan - Baird
Ryan Sigdahl - Craig-Hallum Capital
Chris McGinnis - Sidoti & Company

Operator

Good morning, ladies and gentlemen and welcome to the Douglas Dynamics Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] I would now like to turn the call over to Ms. Sarah Lauber, Chief Financial Officer of Douglas Dynamics. Please go ahead.

Sarah Lauber

Thank you. Welcome, everyone. Thank you for joining us on today’s call. Before we begin, I would 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 will review our financial results. After that, we will open the call for your questions.

With that, I will hand the call over to Bob.

Bob McCormick

Thanks, Sarah. Good morning, everyone. To start with, let’s discuss the most important point of our call today. Our 1,700 Douglas employees are healthy and back at work. After shutting down all of our U.S. facilities in mid-March, we began a rigorous process of creating a safe return to work environment. Upon reopening all facilities in early May, we had a 99% employee retention rate, that is something I’m very pleased to state and something