PLOW
Douglas Dynamics, Inc.33.44
-0.05-0.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Attachments leads growth; Venco shines
Q&A pinpointed Attachments outpacing Solutions in 2026 growth, fueled by Venco and Q1 snow versus mid-high single-digit municipal gains on robust backlog. Venco integration exceeded expectations, with no financial surprises and EPS accretion intact. Missouri upfit facility targets Q2 launch for 8-10% Henderson capacity boost. Attachments margins to stay flat amid P&A mix normalization, growth investments, and subpar volumes—aiming mid-20s at average snowfall. Preseason orders too early to gauge. Cost cuts baked in; prudence reigns. Investors watch replacement cycle revival.
Key Stats
Market Cap
770.49MP/E (TTM)
19.22Basic EPS (TTM)
1.74Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Douglas Dynamics posted FY2025 net sales of $656.1M, up 15.4% y/y from $568.5M, with Work Truck Attachments at $295.7M (+15.5%) on improved snowfall after multi-year lows and Work Truck Solutions at $360.3M (+15.3%) via higher municipal volumes and throughput; gross margins expanded to 26.6% from 25.8% on efficiencies. Q4 momentum surged on strong snowfall driving Attachments volumes while Solutions sustained gains, lifting Adjusted EBITDA to $97.9M (+23.5%). Free cash flow hit $63.6M. Backlog slipped to $328M. Debt stood at $149M with $119.5M revolver availability. Venco Venturo acquisition closed November 2025. Yet snowfall variability threatens quarterly swings.
8-K
Record sales, EBITDA surge
Douglas Dynamics crushed 2025 with net sales up 15.4% to $656.1M and adjusted EBITDA soaring 23.4% to $97.9M, fueled by heavy snowfall boosting Attachments parts sales over 50% in Q4 while Solutions hit record margins. Venco Venturo acquisition bolsters truck cranes lineup. 2026 outlook eyes $710-760M sales, $2.25-2.85 adjusted EPS. Snow rules their world.
8-K
Q3 sales soar 25%
Douglas Dynamics posted Q3 net sales of $162.1M, up 25% from $129.4M last year, fueled by Work Truck Solutions' record 36% surge to $94.0M. Adjusted EBITDA climbed 31% to $20.1M despite prior-year sale-leaseback gain. Raised 2025 guidance: sales $635M-$660M, adjusted EBITDA $87M-$102M. Acquisition announced adds truck cranes.
10-Q
Q3 FY2025 results
Douglas Dynamics posted Q3 sales of $162.1M, up 25.3% y/y from $129.4M, with Work Truck Solutions surging 36% on municipal volumes and chassis sales while Attachments grew 13%. Gross margin held at 23.5%, operating income fell to $14.1M from $45.9M sans prior year's $42.3M sale-leaseback gain, and diluted EPS dropped to $0.33 from $1.36—reconciles to 23.6M shares. YTD sales rose 10.9% to $471.5M, EPS $1.42 vs $2.04, operating cash used $21.2M (FCF -$29.3M derived). Cash hit $10.6M, revolver drew $65M with $59.5M availability under March 2025 credit deal (term loan $146M to 2030, leverage <3.5:1 met); repurchased $6M shares. Venco assets acquired November 3 for $26M to bolster Attachments. Snowfall stays unpredictable.
8-K
Board adds legal and manufacturing pros
Douglas Dynamics bolstered its board on October 28, 2025, appointing Jennifer I. Ansberry, a legal expert from Lincoln Electric, and Bradley M. Nelson, CEO of MasterCraft Boat Company with manufacturing leadership from Oshkosh, effective October 29. This fills vacancies as veteran director Margaret S. Dano retires November 1 after 13 years, shrinking the board from nine to eight members. New directors join all key committees. Their expertise sharpens governance amid strategic shifts.
IPO
Employees
Sector
Industry
AXL
American Axle & Manufacturing H
6.47+0.14
BWA
BorgWarner Inc.
44.52-0.34
DAN
Dana Incorporated
22.86+0.30
DORM
Dorman Products, Inc.
126.72-1.20
DRVN
Driven Brands Holdings Inc.
15.22+0.10
FFLO
FREEFLOW INC
0.04+0.00
MGA
Magna International, Inc.
52.77+0.41
PHIN
PHINIA Inc.
58.41+0.63
SYPR
Sypris Solutions, Inc.
2.18-0.06
WKSP
Worksport, Ltd.
2.61+0.12