Successful Acquisition of Venco Venturo
Douglas Dynamics completed the acquisition of Venco Venturo, marking their first acquisition in over nine years. This acquisition is expected to diversify and balance the portfolio, with Venco Venturo generating estimated sales in the $30 million to $40 million range.
Work Truck Solutions Segment Performance
The Work Truck Solutions segment delivered record third-quarter results with net sales and adjusted EBITDA both up over 30%, driven by strong demand and improved efficiencies.
Improved Financial Guidance
Douglas Dynamics raised its financial guidance for 2025. They now expect net sales to range from $635 million to $660 million, adjusted EBITDA to range from $87 million to $102 million, and adjusted earnings per share to be between $1.85 and $2.25.
Reduction in Inventory
The Attachments team significantly decreased its inventory by $11 million year-over-year, leading to healthier dealer inventories below the 5-year average.