Douglas Dynamics, Inc. Reports Lower Q3 Profit, Exceeding Expectations
Earnings Report: Douglas Dynamics, Inc. reported a decrease in earnings for Q3, totaling $7.96 million ($0.33 per share), down from $32.26 million ($1.36 per share) last year, but exceeded analysts' expectations of $0.39 per share.
Revenue Growth: The company's revenue increased by 25.3% to $162.12 million compared to $129.40 million in the previous year.
Updated Guidance: Douglas Dynamics updated its FY25 revenue guidance to a range of $635 million to $660 million, and adjusted its EPS guidance to $1.85 to $2.25.
Analyst Expectations: The adjusted earnings, excluding special items, were reported at $9.52 million ($0.40 per share), slightly above analyst estimates.
Trade with 70% Backtested Accuracy
Analyst Views on PLOW
About PLOW
About the author

- GDP Decline Expectation: According to Bank of America Securities economist Aditya Bhave, Winter Storm Fern is expected to reduce U.S. GDP by 0.5 to 1.5 percentage points in Q1, highlighting the storm's direct economic impact.
- Restaurant Sector Hit: With flight cancellations and restaurant closures, stocks like Darden Restaurants and Restaurant Brands International have collectively declined, indicating the adverse effects of severe weather on related businesses.
- Costco Sales Surge: Historically, Costco benefits from major storms as consumers stock up on essentials, and despite underperforming last year, this trend is expected to boost sales, with Mizuho analysts setting a price target of $1,000.
- Douglas Dynamics Optimistic Outlook: As the largest player in snow and ice removal, Douglas Dynamics anticipates additional gains from the storm, with analysts raising the price target from $37 to $48, implying about a 29% upside.
- Northeast Snowfall Boost: According to D.A. Davidson, major cities in the Northeast saw approximately 6 inches of snow in December, slightly above the long-term average and three times last year's levels, providing strong support for Douglas Dynamics' sales of snowplows and de-icing equipment.
- Midwest Harsh Winter Impact: The Midwest experienced 12.8 inches of snowfall in December, the highest since 2013-14 and over three times last year's amount, further driving market demand for Douglas Dynamics' products.
- EBITDA Forecast Increase: Analysts project that normalized Attachments EBITDA for Douglas Dynamics could reach $84 million, significantly higher than the current estimate of $59 million for 2026, indicating substantial growth potential in the coming years.
- M&A Expansion Opportunities: The company is pursuing M&A expansions outside of Snow & Ice for the first time in over a decade, laying a solid foundation for future growth and enhancing its competitive position in the market.
- Quarterly Dividend Announcement: Douglas Dynamics' Board of Directors has approved a quarterly cash dividend of $0.295 per share for Q4 2025, which will be paid on December 31, 2025, reflecting the company's ongoing commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for December 16, 2025, ensuring that eligible shareholders will receive their payouts on time, which further enhances investor confidence.
- Commitment to Continuous Innovation: With over 75 years of experience, Douglas Dynamics is dedicated to innovating work truck attachments that improve efficiency and profitability, aiming to drive shareholder value through high-quality products and exceptional service.
- Diverse Product Portfolio: The company's offerings are divided into two main segments: Work Truck Attachments and Work Truck Solutions, featuring several trusted brands, ensuring competitiveness in the market and meeting customer demands.
- Quarterly Dividend Announcement: Douglas Dynamics' Board of Directors has approved a quarterly cash dividend of $0.295 per share for Q4 2025, which will be paid on December 31, 2025, reflecting the company's ongoing commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for December 16, 2025, ensuring that eligible shareholders receive their dividends promptly, which further enhances investor confidence in the company.
- Sustained Profitability: With over 75 years of innovation, Douglas Dynamics is dedicated to improving product quality and service levels through its proprietary management system, aiming to enhance shareholder value and reflecting its leadership position in the industry.
- Business Segmentation: The company's offerings are divided into two main segments: Work Truck Attachments and Work Truck Solutions, encompassing several well-known brands, ensuring a competitive edge in commercial snow and ice control equipment as well as market-leading attachment and storage solutions.
Dividend Declaration: Douglas Dynamics (PLOW) has declared a quarterly dividend of $0.295 per share, consistent with previous payments, with a forward yield of 3.67%.
Payment Details: The dividend is payable on December 31 to shareholders of record as of December 16, with an ex-dividend date also set for December 16.
Earnings and Guidance: The company reported mixed results for Q3 and has raised its 2025 guidance, targeting net sales between $635 million and $660 million as it resumes its acquisition strategy.
Market Rating: Seeking Alpha has provided a Quant Rating for Douglas Dynamics, reflecting the market's mixed sentiment towards the company's performance and future prospects.
Earnings Report: Douglas Dynamics, Inc. reported a decrease in earnings for Q3, totaling $7.96 million ($0.33 per share), down from $32.26 million ($1.36 per share) last year, but exceeded analysts' expectations of $0.39 per share.
Revenue Growth: The company's revenue increased by 25.3% to $162.12 million compared to $129.40 million in the previous year.
Updated Guidance: Douglas Dynamics updated its FY25 revenue guidance to a range of $635 million to $660 million, and adjusted its EPS guidance to $1.85 to $2.25.
Analyst Expectations: The adjusted earnings, excluding special items, were reported at $9.52 million ($0.40 per share), slightly above analyst estimates.











