Douglas Dynamics
Builds snow-and-ice control equipment, truck bodies, and upfit systems for commercial work trucks.
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Profile
Sells branded snow-and-ice attachments, municipal equipment, and truck upfit solutions through dealer, government, and fleet channels. Operations are concentrated in the U.S., with demand shaped by snowfall, work-truck chassis availability, and the integration of recently added crane and hoist products.
Work Truck Attachments covers FISHER, WESTERN, and SNOWEX snow and ice control products, with VENCO and VENTURO cranes and dump hoists added to the same segment. Work Truck Solutions covers HENDERSON municipal equipment and DEJANA upfit, storage, and related work-truck services.
Revenue flows mainly through independent dealers, government buyers, and fleet customers. Manufacturing, installation, and distribution are concentrated in the United States, supported by a small sourcing office in Beijing.
DDMS frames the operating model around problem-solving, waste elimination, quality, and responsiveness. Snowfall affects replacement demand and snowplowers' purchasing capacity, while chassis supply, facility continuity, and Venco Venturo integration shape execution.
Company facts
Categories
Key statistics
Year to date +26.8% · Average volume (30d) 316.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | D.A. Davidson | Target | $48 | $57 | ||
| May 11, 2026 | Freedom Broker | Upgrade | Hold | Buy | ||
| May 6, 2026 | Robert W. Baird | Target | $50 | $56 | ||
| Mar 3, 2026 | Loop Capital Markets | Target | $48 | |||
| Mar 3, 2026 | Freedom Capital Markets | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $1.08 | $1.22 | +13.0% | $219.5M | $214.6M | −2.2% | −4.76% |
| May 4, 2026Q1 FY26 | $0.12 | $0.36 | +200.0% | $133.3M | $137.8M | +3.4% | +13.82% |
| Feb 23, 2026Q4 FY25 | $0.56 | $0.62 | +10.7% | $169.9M | $184.5M | +8.6% | +4.10% |
| Nov 3, 2025Q3 FY25 | $0.36 | $0.40 | +11.1% | $170.0M | $162.1M | −4.6% | −0.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $115.1M | $194.3M | $162.1M | $184.5M | $137.8M | $214.6M | |
| Gross profit | $28.1M | $60.3M | $38.1M | $48.1M | $37.8M | $66.8M | |
| Operating income | $3.2M | $37.0M | $14.1M | $19.3M | $9.9M | $35.4M | |
| Net income | $148.0K | $26.0M | $8.0M | $12.8M | $6.4M | $25.4M | |
| Diluted EPS | $0.01 | $1.09 | $0.33 | $0.54 | $0.26 | $1.07 | |
| Gross margin | 24.5% | 31.0% | 23.5% | 26.1% | 27.4% | 31.1% | |
| Operating margin | 2.8% | 19.0% | 8.7% | 10.5% | 7.2% | 16.5% |
Fiscal years (4-quarter sums)FY21 $541.5M · FY22 $616.1M · FY23 $568.2M · FY24 $568.5M · FY25 $656.1M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.9M · Total debt $290.2M · Total assets $725.7M · Shareholders' equity $299.7M
Dividends
Raised for 14 straight years — most recently to $0.295 from $0.29 in Mar 2023. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.295 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.295 | |
| Dec 16, 2025 | Dec 16 | Dec 31 | $0.295 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.295 | |
| Jun 17, 2025 | Jun 17 | Jun 30 | $0.295 | |
| Mar 18, 2025 | Mar 18 | Mar 31 | $0.295 | |
| Dec 16, 2024 | Dec 16 | Dec 31 | $0.295 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.295 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 23.13M · Float 22.67M · 98.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.02M | 8.74% | 13F | Aug 7, 2026 |
| Allspring Global Investments Holdings, LLC | 1.54M | 6.65% | 13F | Aug 13, 2026 |
| Pzena Investment Management LLC | 1.38M | 5.99% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 1.16M | 5.01% | 13G | Jul 31, 2026 |
| Dimensional Fund Advisors LP | 919.1K | 3.97% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 9, 2026 | Christopher E. Bernauer | officer: Pres. Work Truck Attachments | −869 | $42.61 |
| Mar 9, 2026 | Jon J. Sisulak | officer: Controller | −977 | $42.61 |
Peers
- Toro
BOSS snow and ice equipment challenges light-truck brands
- Aebi-Schmidt
Monroe and winter brands overlap in municipal snow and upfit
- Alamo Group
Heavy snow-removal brands overlap with municipal fleets
- Oshkosh
IMT service trucks and cranes meet Venco/Venturo adjacency
- Federal Signal
Municipal maintenance vehicles and dump bodies overlap in upfit
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Douglas Dynamics | $41.82 | −0.05% | $967.1M | 19.0 | 13.0 | 1.4 | +10.5% |
| Toro | $99.03 | 0.00% | $9.43B | 28.5 | 20.4 | 2.0 | +8.1% |
| Aebi-Schmidt | $12.35 | 0.00% | $957.2M | 38.9 | 12.1 | 0.5 | +124.9% |
| Alamo Group | $165.27 | +0.02% | $2.01B | 19.8 | 14.8 | 1.2 | +7.6% |
| Oshkosh | $153.96 | −0.05% | $9.51B | 17.6 | 11.8 | 0.9 | +6.7% |
| Federal Signal | $118.13 | +0.04% | $7.21B | 25.5 | 21.8 | 2.9 | +18.7% |
| Median | 25.5 | 14.8 | 1.2 | +8.1% |