Quarterly ResultMay 5, 2026, 06:08 AM
Douglas Dynamics Reports Record Q1 Results; Raises 2026 Outlook
AI Summary
Douglas Dynamics, Inc. announced record financial results for the first quarter ended March 31, 2026, driven by increased snowfall-driven demand and strong execution. The company reported a significant increase in net sales, net income, and adjusted EBITDA. Based on this strong performance, Douglas Dynamics also raised its full-year 2026 financial outlook.
Key Highlights
- Net Sales increased 20% to a record $137.8 million in Q1 2026.
- Net Income rose substantially to $6.4 million, with diluted EPS of $0.26.
- Adjusted EBITDA increased 78% to a record $16.8 million.
- Work Truck Attachments segment Net Sales grew 67% to a record $60.9 million.
- Work Truck Solutions segment Adjusted EBITDA margin increased to a record 11.9%.
- Returned approximately $10.1 million to shareholders through dividends and share repurchases.
- Raised 2026 Net Sales outlook to $750 million-$795 million (from $710 million-$760 million).
- Increased 2026 Adjusted Diluted EPS outlook to $2.55-$3.05 (from $2.25-$2.85).
Price Impact
More from PLOW