Douglas Dynamics Reports Record Third Quarter 2026 Results
Key Highlights
- ➤Net sales rose 35% to record $218.0 million in Q3 2026
- ➤Net income jumped 166% to record $21.2 million; diluted EPS $0.89
- ➤Work Truck Attachments sales increased 78% to record $121.5 million
- ➤2026 adjusted diluted EPS guidance floor increased to $3.00 from $2.90
- ➤2026 adjusted EBITDA guidance floor increased to $123 million from $120 million
Expert Statements
Mark Van Genderen, President & CEO of Douglas Dynamics
“The business results our team has delivered through the first nine months of the year is exceptional and demonstrates the earnings power of our business and the effectiveness of the strategic actions we have taken over the past several years. Our operational execution remains strong, and while we wait for winter to begin, we believe we are well positioned to continue advancing our strategic initiatives.”
Mark Van Genderen, President & CEO of Douglas Dynamics
“We are proud of the operational performance from our Attachments team, which responded to the robust demand for our products with a tremendous effort to produce and ship equipment to our dealers. The subsequent improvements in throughput, plus positive product mix led to significant margin improvement for the quarter and year-to-date. Heading into the winter season with confidence, we are driving results through disciplined execution of our strategic initiatives and remain determined to build upon our recent success.”
Mark Van Genderen, President & CEO of Douglas Dynamics
“The record top-line performance in Solutions is a significant achievement, given that the prior-year third quarter also produced a record. Although inconsistent commercial demand has impacted profitability, the segment continues to perform well overall, supported by sustained municipal demand and a positive outlook. Investments to expand capacity and support growing municipal demand remain on track, and we expect to begin operations at our new Ohio facility in the coming weeks.”
Sarah Lauber, Executive Vice President and CFO of Douglas Dynamics
“This year has exceeded our expectations in many respects, and, through the first nine months of the year, we have surpassed our full-year record Adjusted EPS achieved in 2019. Reflecting this momentum and our continued strong execution, we are increasing the lower end of our guidance ranges. While we are pleased with our progress, it is important to remember that the fourth quarter for our Attachments segment is influenced by the timing and severity of winter weather, which can create meaningful variability in year-end results.”
Third Quarter 2026 Highlights*: * Produced Record 3Q Consolidated results * Net Sales increased 35% to 218.0 million * Net Income increased 166% to $21.2 million, creating EPS of $0.89 * Adjusted EBITDA increased 89% to $37.9 million * Adjusted diluted EPS increased 145% to $0.98 *All comparisons are to third quarter 2025 financials
MILWAUKEE, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the third quarter ended September 30, 2026. Unless otherwise stated, all comparisons made in this document are between the third quarters of 2026 and 2025.
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