Quarterly ResultMay 4, 2026, 06:04 PM
Douglas Dynamics Q1 Net Sales +20% to $137.8M; Record EPS $0.36; Raises 2026 Outlook
AI Summary
Douglas Dynamics, Inc. announced record first-quarter 2026 financial results, driven by increased snowfall-driven demand and strong execution. Net Sales grew 20% to $137.8 million, with Adjusted EBITDA increasing 78% to $16.8 million and Adjusted diluted EPS reaching a record $0.36. The company also raised its full-year 2026 outlook for Net Sales and Adjusted Diluted EPS, reflecting confidence in its growth trajectory.
Key Highlights
- Net Sales increased 20% to a record $137.8 million in Q1 2026.
- Adjusted EBITDA rose 78% to a record $16.8 million.
- Adjusted diluted EPS reached a record $0.36.
- Work Truck Attachments segment Net Sales grew 67% to $60.9 million.
- Work Truck Solutions segment Adjusted EBITDA increased slightly to $9.1 million.
- Company raised 2026 Net Sales outlook to $750-$795 million.
- Company raised 2026 Adjusted Diluted EPS outlook to $2.55-$3.05.
- Paid quarterly cash dividend of $0.295 per share and repurchased 70,000 shares.