Sales Up 15.4%, EPS Jumps 52% as Douglas Dynamics Acquires Venco Venturo
Douglas Dynamics’ net sales rose 15.4% to $656.1 million in FY2025, with fourth-quarter revenue up 28.6% to $184.5 million and adjusted EBITDA of $25.8 million. Adjusted EPS climbed 52% to $2.24; the company acquired Venco Venturo and forecast 2026 adjusted EPS of $2.25–$2.85.
1. Consolidated Results
For FY2025, consolidated net sales increased 15.4% to $656.1 million, producing adjusted EBITDA of $97.9 million and adjusted diluted EPS of $2.24, up 52% year-over-year. In Q4, net sales climbed 28.6% to $184.5 million, with adjusted EBITDA rising 37.2% to $25.8 million and adjusted EPS up 57.7% to $0.62.
2. Segment Performance
Work Truck Attachments posted Q4 net sales of $83.1 million—over 50% growth—and maintained a 16.7% adjusted EBITDA margin, driven by record parts and accessories sales after an early winter. Work Truck Solutions delivered Q4 net sales of $101.5 million (up 13.1%) and a 11.7% adjusted EBITDA margin, reflecting strong municipal demand and operational efficiency.
3. Strategic Moves
In Q4, the company acquired Venco Venturo, a provider of truck-mounted service cranes and dump hoists, supporting its Activate pillar. Throughout 2025, initiatives under Optimize and Expand improved manufacturing efficiency and municipal upfit capacity across both segments.
4. 2026 Outlook
Douglas Dynamics projects 2026 adjusted EPS of $2.25–$2.85, reflecting confidence in sustained demand, operational leverage, and contributions from the Venco Venturo acquisition.