Douglas Dynamics Q4 Revenue Jumps 28.6% to $184.5M, EPS $0.62
Douglas Dynamics reported Q4 revenue of $184.5 million, up 28.6% year-on-year, and non-GAAP EPS of $0.62, beating forecasts by 8.6% and 19.2% while operating margin improved to 10.5%. The company raised FY2026 guidance to $735 million revenue midpoint, EPS $2.55, EBITDA $110 million, and closed the Venco Venturo acquisition.
1. Q4 CY2025 Results
Douglas Dynamics closed Q4 CY2025 with revenue of $184.5 million, up 28.6% year-on-year, exceeding forecasts by 8.6%. Non-GAAP EPS reached $0.62, a 19.2% beat, as operating margin climbed to 10.5% and free cash flow margin improved to 50.3%.
2. Full-Year 2025 Financials
For full-year 2025, consolidated net sales increased 15.4% to $656.1 million, with adjusted EBITDA rising 23.4% to $97.9 million and adjusted EPS up 52.0% to $2.24. Both Work Truck Attachments and Solutions segments delivered record sales and margin expansion driven by robust winter demand and disciplined cost management.
3. FY2026 Outlook and Acquisition
Looking into FY2026, guidance was raised to a $735 million revenue midpoint, $2.55 adjusted EPS, and $110 million adjusted EBITDA. The company also completed the acquisition of Venco Venturo to expand its service crane and dump hoist offerings, reinforcing its strategy for sustainable, profitable growth.