DOUGLAS DYNAMICS (PLOW) Company Report

Douglas Dynamics reported strong Q3 2025 consolidated results, with net sales increasing 25% to $162.1 million and adjusted EBITDA growing 31% to $20.1 million.
The company raised its full-year 2025 guidance, now expecting net sales between $635 million and $660 million, adjusted EBITDA from $87 million to $102 million, and adjusted EPS from $1.85 to $2.25 per share.
Douglas Dynamics completed the acquisition of Venco Venturo, a provider of truck-mounted cranes and dump hoists, marking its first acquisition in over nine years. The deal is expected to be modestly accretive to earnings and free cash flow in 2026 , with Venco Venturo's sales estimated in the $30 million to $40 million range.
The Board of Directors expanded from seven to eight members with the retirement of Margaret Dano and the appointment of Jennifer Ansberry and Brad Nelson as new independent directors.

Nov 4, 2025, 3:00 PM

Douglas Dynamics Reports Strong Q3 2025 Results, Raises Guidance, and Completes Acquisition

PLOW

Earnings

Guidance Update

M&A

Douglas Dynamics reported strong Q3 2025 financial results, with net sales increasing 25% to $162.1 million and adjusted earnings per share increasing over 60% to $0.40.
The company raised its full-year 2025 guidance, now expecting net sales between $635-$660 million, adjusted EBITDA between $87-$102 million, and adjusted EPS between $1.85-$2.25.
Douglas Dynamics completed the acquisition of Vanco Venturo, a provider of truck-mounted cranes and dump hoists, marking its first acquisition in over nine years. Vanco Venturo's sales are estimated to be in the $30-$40 million range, and the deal is expected to be modestly accretive to earnings and free cash flow in 2026.
Both segments performed well in Q3 2025, with Work Truck Solutions' net sales increasing 36% to $94 million and Attachments' net sales increasing 13% to $68.1 million.

Nov 4, 2025, 3:00 PM

Douglas Dynamics Reports Strong Q3 2025 Results and Raises Full-Year Guidance

PLOW

Earnings

Guidance Update

M&A

Douglas Dynamics, Inc. reported strong Q3 2025 results, with consolidated Net Sales increasing 25.3% to $162.1 million and Adjusted Diluted EPS rising to $0.40 from $0.24 in Q3 2024.
The Work Truck Solutions segment achieved record third-quarter performance, with Net Sales increasing 36.0% to $94.0 million and Adjusted EBITDA growing 33.8% to $9.6 million.
The company raised its full-year 2025 guidance, now expecting Net Sales between $635 million and $660 million, Adjusted EBITDA between $87 million and $102 million, and Adjusted Earnings Per Share between $1.85 and $2.25 per share.
Douglas Dynamics also announced the acquisition of Venco Venturo, a provider of truck-mounted service cranes and dump hoists.

Nov 3, 2025, 11:05 PM

Douglas Dynamics Reports Strong Q3 2025 Results and Raises Full-Year Guidance

PLOW

Earnings

Guidance Update

M&A

Douglas Dynamics reported strong Third Quarter 2025 results, with consolidated Net sales increasing 25% to $162.1 million and Adjusted Diluted EPS rising to $0.40 from $0.24 in the prior year.
The company announced the acquisition of Venco Venturo, a highly-regarded provider of truck-mounted service cranes and dump hoists, as a strategic step to diversify its portfolio.
Douglas Dynamics raised its 2025 outlook, now expecting Net Sales between $635 million and $660 million, Adjusted EBITDA between $87 million and $102 million, and Adjusted Earnings Per Share between $1.85 and $2.25.
For the nine months ended September 30, 2025, Free cash flow improved 21.4% to ($29.3) million, and a quarterly cash dividend of $0.295 per share was paid on September 30, 2025.

Nov 3, 2025, 11:00 PM

Douglas Dynamics Acquires Venco Venturo Industries LLC

PLOW

M&A

New Projects/Investments

Douglas Dynamics, Inc. (PLOW) completed the acquisition of substantially all the assets of Venco Venturo Industries LLC on November 3, 2025.
Venco Venturo Industries LLC is a provider of truck-mounted service cranes and dump hoists and will operate as a division of Douglas Dynamics' Work Truck Attachments segment.
The acquisition is expected to be modestly accretive to earnings per share and free cash flow positive before synergies in 2026.
This acquisition represents a "meaningful first step" in Douglas Dynamics' "Activate strategic pillar" to acquire complex attachments for portfolio diversification.