| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 137.80 | 19.8% |
| Total Income | 137.80 | 19.8% |
| Expenditure | 127.88 | 14.3% |
| PBT | 7.90 | 1512.2% |
| Net Profit | 6.38 | 4153.3% |
| OPM | 7.19% | 4.41pp |
| NPM | 4.63% | 4.50pp |
| EPS | 0.27 | 2600.0% |
Douglas Dynamics Reports Record Q1 2026 Results: Net Sales Up 20%
05 May 2026 · 5 May, 3:37 pm
Summary
Douglas Dynamics reported record first-quarter results for 2026, with net sales increasing by 20% to $137.8 million. Net income improved substantially to $6.4 million, with diluted EPS of $0.26. Adjusted EBITDA increased by 78% to a record $16.8 million, driving a 400-basis point increase in margin to 12.2%. The company is increasing its 2026 outlook based on the strength of these results, expecting net sales between $750 million and $795 million and adjusted EBITDA between $110 million and $125 million.
Key Highlights
- 1
Net Sales increased 20% to a record $137.8 million in the first quarter of 2026.
- 2
Net Income rose substantially to $6.4 million, resulting in $0.26 of diluted EPS for Q1 2026.
- 3
Adjusted EBITDA increased 78% to a record $16.8 million in the first quarter of 2026.
- 4
The company reported a record adjusted diluted EPS of $0.36 for the first quarter of 2026.
- 5
Gross Margin increased 290-basis points to 27.4% in the first quarter of 2026.
- 6
Work Truck Attachments segment Net Sales increased 67% to a record $60.9 million.
- 7
The company is increasing its 2026 outlook based on the strength of the first-quarter results.
Management Comments
Mark Van Genderen
The strength of our first-quarter results reflects increased snowfall driven demand, disciplined execution, and continued progress against our strategic priorities. Our performance is particularly positive in light of year over year comparison to the robust first quarter of 2025. These results establish a strong foundation for the year, and we remain focused on pursuing our strategic objectives amid an evolving macroeconomic backdrop. I want to thank our teams for their ongoing dedication as we work to address the heightened demand across many areas of our business. Our core markets experienced the heaviest snowfall in a decade this past winter, with snowfall totals approximately 25% above the 10-year average. The snowfall-driven strength of parts and accessories sales carried into the first quarter, and we are now focused on ensuring that the pre-season orders we’re currently taking for all our products are efficiently delivered to dealers in the second and third quarters of this year. Our municipal operations continue to deliver solid performance, allowing the Solutions segment to produce record bottom line results again this quarter, coupled with near record Net Sales. This impressive achievement offset slightly softer demand in certain commercial business segments.
Sarah Lauber
The business trends we experienced in 2025 largely carried over into the first quarter of 2026, helping to drive record results. Winter weather supported increased demand at Attachments, particularly for parts and accessories. Despite a challenging comparison against last year’s record financials, the Solutions segment delivered excellent overall results again. Looking forward, we expect moderation on the commercial side due to economic uncertainty and continued positive momentum in our municipal operations. Taking these factors into account, we are raising our strong guidance ranges for the year. This momentum reinforces our belief in the power of our market leading brands and our 2026 growth trajectory, driving our ability to deliver long-term value for stakeholders.
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