Gregory Burns

Michael Shlisky

Robert Schultz

Timothy Wojs

Tim Wojs

- 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.  **[1287213_a2165840e2334307a90ad743b2959b89_0]** 
- 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.  **[1287213_a2165840e2334307a90ad743b2959b89_0]** **[1287213_a2165840e2334307a90ad743b2959b89_2]** 
- 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**.  **[1287213_a2165840e2334307a90ad743b2959b89_2]** 
- 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.  **[1287213_a2165840e2334307a90ad743b2959b89_2]** **[1287213_a2165840e2334307a90ad743b2959b89_0]**

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

- **Douglas Dynamics, Inc.** (PLOW) completed the acquisition of substantially all the assets of **Venco Venturo Industries LLC** on **November 3, 2025**.  **[1287213_6bdaaac31f324f37afbad078e745e705_0]** 
- 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.  **[1287213_6bdaaac31f324f37afbad078e745e705_0]** 
- The acquisition is expected to be **modestly accretive to earnings per share** and **free cash flow positive before synergies in 2026**.  **[1287213_6bdaaac31f324f37afbad078e745e705_0]** 
- This acquisition represents a **"meaningful first step"** in Douglas Dynamics' **"Activate strategic pillar"** to acquire complex attachments for portfolio diversification.  **[1287213_6bdaaac31f324f37afbad078e745e705_0]**

DOUGLAS DYNAMICS (PLOW)