Douglas Dynamics Q1 Sales Rise 20% to $137.8M, EBITDA Up 78%
Douglas Dynamics reported Q1 net sales of $137.8 million, up 20%, and net income of $6.4 million with $0.26 diluted EPS. Adjusted EBITDA climbed 78% to $16.8 million, while the company raised its 2026 guidance to $750–$795 million in sales and $2.55–$3.05 in adjusted diluted EPS.
1. Q1 Financial Highlights
Net sales reached a record $137.8 million, a 20% increase over Q1 2025, driving net income of $6.4 million with $0.26 diluted EPS. Gross margin expanded 290 basis points to 27.4%, and adjusted EBITDA climbed 78% to $16.8 million, representing a 12.2% margin.
2. Work Truck Attachments Segment Performance
Segment net sales surged 67% to $60.9 million, driven by strong snow and ice product demand and a full quarter of Venco Venturo revenue following its November 2025 acquisition. Adjusted EBITDA jumped to $7.7 million, reflecting record shipments fueled by above-average snowfall.
3. Work Truck Solutions Segment Performance
Net sales slightly declined to $76.9 million, while adjusted EBITDA held steady at $9.1 million, delivering a record 11.9% margin. Higher municipal volumes offset softer commercial demand, underpinning consistent bottom-line results.
4. Updated 2026 Outlook and Capital Allocation
The company raised its full-year guidance to $750–$795 million in net sales, $110–$125 million in adjusted EBITDA, and $2.55–$3.05 in adjusted diluted EPS. During Q1, $10.1 million of cash was returned via a $0.295 per-share dividend and repurchase of 70,000 shares.