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Douglas Dynamics (PLOW)
NYSE:PLOW
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum across both segments, highlighted by record sales, improved margins, substantial free cash flow growth, a confident guidance range above $700M for 2026, and successful initial M&A integration. These positives are tempered by continued weather dependence (creating short-term volatility), some dealer/commercial hesitancy, higher inventories tied to an acquisition and component stocking, and limited near-term margin runway from prior cost reductions. On balance, the company presented clear progress on strategy and a bullish outlook while acknowledging manageable risks tied to seasonality and mix.Company Guidance
Strong Consolidated Quarterly Growth
Q4 net sales increased ~29% to $184.5M; gross profit grew ~35% to $48.1M; gross margin improved 120 bps to 26.1%. Net income and diluted EPS rose >60% to $12.8M and $0.54, respectively. Adjusted EBITDA increased ~37% to $25.8M with adjusted EBITDA margin up 90 bps to 14%. Adjusted EPS grew ~58% to $0.62.
Record Full-Year Financial Results
2025 net sales rose ~15% to a record $656.1M; gross profit grew ~19% to $175.0M and gross margin improved 80 bps to 26.6%. Adjusted EBITDA increased ~23% to $97.9M (14.9% margin). Adjusted EPS increased ~52% to $2.24. Net income was $46.9M and diluted EPS $1.96.
Work Truck Attachments Momentum
Q4 Attachments net sales and adjusted EBITDA each increased >50% to $83.1M and $13.9M, respectively. Full-year Attachments net sales grew ~16% to $295.7M and adjusted EBITDA rose 16% to $56.2M. Record parts & accessories sales contributed meaningfully.
Work Truck Solutions Delivered Record Performance
Solutions posted a record quarter and record year: Q4 net sales +13% to $101.5M; Q4 adjusted EBITDA +22% to $11.9M with a record adjusted EBITDA margin of 11.7%. Full-year Solutions net sales +15% and adjusted EBITDA +35% with record annual margins (11.6%, +170 bps). Robust municipal demand and near-record backlog supported results.
Strong Cash Generation and Liquidity
Total liquidity at quarter-end was $127.8M (cash $8.3M, $119.5M revolver capacity). Free cash flow increased ~91% to $63.6M in 2025, driven by higher net income.
Disciplined Capital Allocation and Balance Sheet
Leverage ratio ended at 1.8x within target range (1.5x–3x). Continued shareholder returns: dividend maintained at $0.295 per share quarterly and $38M remaining buyback authority. 2025 capex was $11.1M (plus ~$5M facility improvements), within 2%–3% of net sales target.
Confident 2026 Outlook
Management guided 2026 net sales of $710M–$760M, adjusted EBITDA of $100M–$120M and adjusted EPS $2.25–$2.85 (tax rate ~24%–25%), citing above-average Q1 snowfall assumption and mid-point expectations implying double-digit top-line growth.
Strategic Progress and M&A
Introduced and began executing three strategic pillars (optimize, expand, activate). Completed acquisition of Venco Venturo (truck-mounted cranes/dump hoists) in Nov 2025; integration tracking better-than-expected and expected to be accretive in 2026. Expansion includes Henderson Missouri upfit facility coming online in summer to increase regional Solutions capacity.
PLOW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PLOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $42.64 | $44.39 | +4.10% |
Nov 03, 2025 | $29.43 | $29.39 | -0.13% |
Aug 04, 2025 | $27.82 | $28.21 | +1.41% |
May 05, 2025 | $23.71 | $24.79 | +4.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Douglas Dynamics (PLOW) report earnings?
Douglas Dynamics (PLOW) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Douglas Dynamics (PLOW) earnings time?
Douglas Dynamics (PLOW) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLOW EPS forecast?
PLOW EPS forecast for the fiscal quarter 2026 (Q1) is 0.14.