Douglas Dynamics Q4 net sales rise

Overview

• Manufacturer's Q4 net sales rose 28.6%, beating analyst expectations

• Adjusted EPS for Q4 increased 57.7%, exceeding analyst estimates

• Company acquired Venco Venturo, enhancing product offerings

Outlook

• Douglas Dynamics projects 2026 net sales between $710 mln and $760 mln

• Company expects 2026 adjusted EBITDA between $100 mln and $120 mln

• Douglas Dynamics anticipates 2026 adjusted EPS between $2.25 and $2.85

Result Drivers

• WINTER WEATHER - Increased snowfall in core markets drove higher equipment sales and record sales of parts and accessories

• MUNICIPAL DEMAND - Strong municipal demand and efficient operations led to record sales in Work Truck Solutions

• STRATEGIC INITIATIVES - Introduction of strategic pillars and acquisition of Venco Venturo supported growth

Company press release: ID:nGNX5TTz8v

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Douglas Dynamics Inc is $39.00, about 8.5% below its February 23 closing price of $42.64

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.