Every 10-Q that DOUGLAS DYNAMICS, INC. (PLOW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PLOW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PLOW filings page.
Douglas Dynamics reported higher net sales for the three and six months ended June 30, 2026. Net sales were $214,648 (in thousands) for the quarter and $352,445 (in thousands) year-to-date, up 10.4% and 13.9% from 2025, driven mainly by higher Work Truck Attachments volumes from improved snowfall and added sales from the Venco Venturo acquisition. Work Truck Solutions revenue declined modestly.
Gross profit was $66,796 (in thousands) for the quarter and $104,567 (in thousands) year-to-date, with gross margins of 31.1% and 29.7%. Quarterly net income was $25,379 (in thousands) versus $25,954 (in thousands) a year earlier, while year-to-date net income rose to $31,755 (in thousands) from $26,102 (in thousands), with net margins of 11.9% and 9.0%.
Adjusted EBITDA reached $44,578 (in thousands) for the quarter and $61,389 (in thousands) year-to-date. Cash generation was weaker: net cash used in operating activities was $(25,195) (in thousands) in the first half and free cash flow was $(32,496) (in thousands), reflecting working capital needs and higher capital expenditures. Liquidity totaled $69.4 million, including $1.9 million of cash and $67.5 million of revolver availability, against term loan borrowings of $140,310 (in thousands) and revolving borrowings of $57,000 (in thousands). The company paid $14,228 (in thousands) in dividends and repurchased $6,000 (in thousands) of stock, with $32,000 (in thousands) remaining authorized. Approximately $0.9 million of tariff refunds have been received, with a further $2.8 million recorded as a receivable.
Douglas Dynamics reported much stronger results for the quarter ended March 31, 2026. Net sales rose to $137.8 million from $115.1 million, a 19.7% increase, driven mainly by higher Work Truck Attachments volume after a snow season 26% above the 10‑year average.
Net income improved sharply to $6.4 million from $0.1 million, with net margin rising to 4.6%. Gross profit increased to $37.8 million and margin expanded to 27.4% as mix shifted toward the higher‑margin Attachments segment. Adjusted EBITDA grew to $16.8 million, up from $9.4 million.
The company generated free cash flow of $(4.2) million, reflecting seasonal working capital needs and higher capital spending, and ended the quarter with $109.7 million of liquidity, including $5.2 million in cash and $104.5 million of revolver availability. It paid $0.30 per share in dividends and repurchased $3.0 million of stock while remaining in compliance with its credit facility covenants.
Douglas Dynamics (PLOW) reported Q3 2025 results. Net sales were $162.1 million, up from $129.4 million a year ago, driven by Work Truck Solutions at $94.0 million and Work Truck Attachments at $68.1 million. Gross profit rose to $38.1 million. Income from operations was $14.1 million; prior-year results benefited from a $42.3 million gain on a sale-leaseback. Net income was $8.0 million versus $32.3 million, and diluted EPS was $0.33 versus $1.36.
For the first nine months, revenue reached $471.5 million versus $425.0 million, with net income of $34.1 million and diluted EPS of $1.42. Operating cash flow used was $21.2 million; the company paid $20.9 million in dividends and repurchased $6.0 million of stock. Cash was $10.6 million, with $65.0 million outstanding on the revolver and $136.9 million in long‑term debt.
Capital and strategy updates: a March 26, 2025 amended credit agreement provides a $150 million term loan and a $125 million revolver maturing in 2030. On November 3, 2025, the company acquired substantially all assets of Venco Venturo for $26 million to expand the Work Truck Attachments lineup.