Douglas Dynamics Q4 net sales rise

Douglas Dynamics

23/02/2026 23:15

Overview

Manufacturer's Q4 net sales rose 28.6%, beating analyst expectations

Adjusted EPS for Q4 increased 57.7%, exceeding analyst estimates

Company acquired Venco Venturo, enhancing product offerings

Outlook

Douglas Dynamics projects 2026 net sales between $710 mln and $760 mln

Company expects 2026 adjusted EBITDA between $100 mln and $120 mln

Douglas Dynamics anticipates 2026 adjusted EPS between $2.25 and $2.85

Result Drivers

WINTER WEATHER - Increased snowfall in core markets drove higher equipment sales and record sales of parts and accessories

MUNICIPAL DEMAND - Strong municipal demand and efficient operations led to record sales in Work Truck Solutions

STRATEGIC INITIATIVES - Introduction of strategic pillars and acquisition of Venco Venturo supported growth

Company press release: ID:nGNX5TTz8v

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Sales
Beat
$184.50 mln
$169.97 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$0.62
$0.53 (4 Analysts)
Q4 Adjusted Net Income
Beat
$14.70 mln
$11.65 mln (2 Analysts)
Q4 Adjusted EBITDA
Beat
$25.80 mln
$22.14 mln (4 Analysts)
Q4 Adjusted EBITDA Margin
14%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Douglas Dynamics Inc is $39.00, about 8.5% below its February 23 closing price of $42.64

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)