Douglas Dynamics Inc
NYSE:PLOW
Douglas Dynamics Inc
Douglas Dynamics, Inc. engages in the manufacture of commercial work truck attachments and equipment. The company is headquartered in Milwaukee, Wisconsin and currently employs 1,436 full-time employees. The company went IPO on 2010-05-05. The firm operates through two segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment includes commercial snow and ice management attachments sold under the BLIZZARD, FISHER, WESTERN and SNOWEX brands. The segment consists of its operations that manufacture and sell snow and ice control products. The segment offers product line of snowplows and sand and salt spreaders for light truck in the United States and Canadian markets. The Work Truck Solutions segment includes manufactured municipal snow and ice control products under the HENDERSON brand and the up-fit of market attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The segments products consist of truck and vehicle upfits where it attaches component pieces of equipment, truck bodies, racking, and storage solutions.
Douglas Dynamics, Inc. engages in the manufacture of commercial work truck attachments and equipment. The company is headquartered in Milwaukee, Wisconsin and currently employs 1,436 full-time employees. The company went IPO on 2010-05-05. The firm operates through two segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment includes commercial snow and ice management attachments sold under the BLIZZARD, FISHER, WESTERN and SNOWEX brands. The segment consists of its operations that manufacture and sell snow and ice control products. The segment offers product line of snowplows and sand and salt spreaders for light truck in the United States and Canadian markets. The Work Truck Solutions segment includes manufactured municipal snow and ice control products under the HENDERSON brand and the up-fit of market attachments and storage solutions under the HENDERSON brand, and the DEJANA brand and its related sub-brands. The segments products consist of truck and vehicle upfits where it attaches component pieces of equipment, truck bodies, racking, and storage solutions.
Strong Quarter: Douglas Dynamics delivered solid Q3 results, with net sales up 25% and gross profit up 23%, driven by record performance at Work Truck Solutions and steady shipments in Attachments.
Raised Guidance: Management increased full-year guidance for net sales, adjusted EBITDA, and adjusted EPS due to outperformance year-to-date.
Acquisition Announced: The company acquired Venco Venturo, marking its first acquisition in over nine years, aiming to diversify its product portfolio and boost long-term growth.
Work Truck Solutions Growth: Solutions segment net sales and adjusted EBITDA both rose over 30%, with continued strong demand from municipal and commercial customers.
Healthy Inventory Position: Dealer inventories are now below the five-year average, and inventory management has improved, especially in Attachments.
Modest Acquisition Impact: The Venco Venturo deal is expected to be modestly accretive to earnings in 2026, with minimal impact in Q4 2025.
