Douglas Dynamics — Third Quarter 2026 Earnings Summary

Douglas Dynamics reported record third-quarter 2026 results with net sales rising 35% to $218.0 million and net income increasing 166% to $21.2 million. Adjusted EBITDA surged 89% to $37.9 million, driven by strong demand in the Work Truck Attachments segment and operational execution. The company raised the lower end of its full-year 2026 guidance for net sales, adjusted EBITDA, and adjusted diluted EPS based on this momentum. Additionally, the firm returned approximately $27 million to shareholders year-to-date through dividends and stock repurchases.