| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 214.65 | 55.8% | 10.5% |
| Total Income | 214.65 | 55.8% | 10.5% |
| Expenditure | 179.20 | 40.1% | 13.9% |
| PBT | 33.72 | 326.8% | 1.3% |
| Net Profit | 25.38 | 297.8% | 2.2% |
| OPM | 16.51% | 9.32pp | 2.52pp |
| NPM | 11.82% | 7.20pp | 1.53pp |
| EPS | 1.08 | 300.0% | 1.8% |
Douglas Dynamics Reports Record Second Quarter 2026 Results and Raises 2026 Outlook
03 Aug 2026 · 3 Aug, 6:01 pm
Summary
Douglas Dynamics announced record-breaking results for the second quarter of 2026, with net sales reaching $214.6 million, up 10% year-over-year, and Adjusted EBITDA increasing 5% to $44.6 million. Adjusted diluted EPS also saw a record increase of 7% to $1.22. The company raised its full-year 2026 outlook, citing strong pre-season orders in the Attachments segment and resilient municipal demand in the Solutions segment. Management expressed confidence in achieving record annual results for 2026.
Key Highlights
- 1
Douglas Dynamics reported record net sales of $214.6 million for the second quarter of 2026, a 10% increase compared to the prior year.
- 2
The company achieved a record $44.6 million in Adjusted EBITDA for Q2 2026, representing a 5% increase year-over-year.
- 3
Adjusted diluted Earnings Per Share (EPS) increased by 7% to a record $1.22 in the second quarter of 2026.
- 4
The Work Truck Attachments segment saw net sales increase by 20% to $129.3 million, driven by strong demand and the addition of Venco Venturo.
- 5
The company raised its 2026 outlook ranges for Net Sales, Adjusted EBITDA, and Adjusted Diluted EPS based on strong pre-season orders.
- 6
Douglas Dynamics returned approximately $10 million of cash to shareholders in Q2 2026 through dividends and stock repurchases.
Management Comments
Mark Van Genderen
Our team delivered another quarter of strong results as we continue advancing our long-term vision to build a comprehensive portfolio of trusted work vehicle attachments and solutions that set the standard for safety, quality, and productivity. As we move through the second half of the year, we are confident in our team's ability to execute our strategic priorities, and we believe we are on track to deliver record annual results in 2026. The strong snowfall this past winter set the stage for a robust pre-season in Attachments, and results to date have exceeded our initial expectations, particularly for parts and accessories. Based on the strength of our third-quarter projections, we anticipate preseason shipments will be split nearly evenly between the second and third quarters this year. Our team continues to execute effectively, ensuring timely deliveries to dealers and enabling installations to be completed ahead of the winter season. The Solutions segment produced a strong quarter overall, despite facing a tough comparison to record second quarter results in 2025. Municipal demand continues to be a source of strength, and we continue to invest to expand our capacity to meet customer needs. At the same time, we are navigating softer demand in select commercial business lines. As a result, we are taking targeted actions to optimize our sales and marketing efforts and align our cost structure to preserve profitability.
Sarah Lauber
Based on the strength of pre-season orders for the Attachments segment, we are raising our 2026 guidance once again. In Solutions, healthy municipal demand continues to support performance near our record 2025 levels, largely offsetting the anticipated softness in some of our commercial markets. Supported by the hard work and dedication of our team, our updated outlook highlights that we are on track to produce record annual results in 2026.
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