Earnings Releases·Nov 2, 2026, 6:11 PM ET

Douglas Dynamics — Third Quarter 2026 Earnings Summary

Consolidated Net Sales surged 35% year-over-year to a record $218.0 million, while Net Income and Adjusted EBITDA jumped 166% and 89% respectively to record highs of $21.2 million and $37.9 million.
The company raised its full-year 2026 guidance across all key metrics, increasing the lower end of Net Sales to $770 million, Adjusted EBITDA to $123 million, and Adjusted Diluted EPS to $3.00.
Strategic growth was driven by the Work Truck Attachments segment, which saw sales rise 78% to $121.5 million following the 2025 acquisition of Venco Venturo, whereas Work Truck Solutions sales grew only 3% amid inconsistent commercial demand.
Capital allocation included approximately $27 million returned to shareholders year-to-date via dividends and stock repurchases, though short-term borrowings increased significantly to $96.0 million to fund working capital needs.
Management expects the new Ohio facility to begin operations shortly and anticipates fourth-quarter variability in the Attachments segment due to weather conditions, while maintaining a disciplined capital expenditure outlook of 2% to 3% of Net Sales.