Douglas Dynamics ( (PLOW) ) has released its Q2 earnings. Here is a breakdown of the information Douglas Dynamics presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Douglas Dynamics, Inc. is a leading manufacturer and upfitter of commercial work truck attachments and equipment in North America, known for its innovation and commitment to enhancing operational efficiency and profitability for businesses. The company operates through two main segments: Work Truck Attachments and Work Truck Solutions.
In its second quarter of 2025, Douglas Dynamics reported a 6.6% increase in net income to $26 million, or $1.09 per diluted share, despite a slight decline in net sales to $194.3 million. The Work Truck Solutions segment achieved record results with a 5.4% increase in net sales and a 39.8% rise in adjusted EBITDA, driven by strong municipal demand and favorable pricing. Meanwhile, the Work Truck Attachments segment experienced a decline in net sales due to the timing of pre-season shipments.
Key financial metrics for the quarter include a gross profit margin of 31.0% and an adjusted EBITDA margin of 21.9%. The company returned approximately $13 million to shareholders through dividends and stock repurchases. Additionally, Douglas Dynamics improved its leverage ratio to 2.0X, reflecting strong financial management.
Looking ahead, Douglas Dynamics has raised its 2025 guidance, expecting net sales between $630 million and $660 million, and adjusted EBITDA ranging from $82 million to $97 million. The company remains optimistic about its growth prospects, supported by a robust backlog in the Solutions segment and stable pre-season orders in the Attachments segment, despite ongoing economic and tariff uncertainties.