Key Highlights

• Douglas Dynamics' $0.295 quarterly Dividend trades with a September 15, 2026 record date, payable September 30.

• Second-quarter net sales increased 10% to a record $214.6 million, with Net Income of $25.4 million, or $1.07 diluted EPS.

• Adjusted EBITDA increased 5% to a record $44.6 million, and adjusted diluted EPS increased 7% to a record $1.22.

• Management raised 2026 guidance to net sales of $765-$805 million, adjusted EBITDA of $120-$135 million, and adjusted EPS of $2.90-$3.40, citing strong preseason orders.

Douglas Dynamics' (NYSE:PLOW) $0.295 quarterly dividend trades with a September 15 Record Date and September 30 payment date. CFO Sarah Lauber said the company was "raising our 2026 guidance once again" based on the strength of preseason orders in the Work Truck Attachments segment, noting the low end of the new adjusted EPS range would represent roughly a 20% increase over the company's prior record set in 2019.

Dividend Program and Shareholder Returns

Douglas Dynamics declared a $0.295 per share quarterly dividend, payable September 30 to shareholders of record September 15. The annualized dividend is $1.18 per share, a rate the company has maintained through its seasonal cash-flow cycle. The company returned approximately $10 million to shareholders in the quarter through the dividend and the repurchase of approximately 67,500 shares of company stock, even as first-half Operating Cash Flow was negative due to the normal preseason working-capital build; management has historically framed dividend coverage on a full-year rather than single-quarter basis given this seasonality.

About the Company

Douglas Dynamics is a North American manufacturer and upfitter of commercial work-truck attachments, including snow and ice-control equipment under the FISHER, SNOWEX and WESTERN brands and truck-mounted cranes and hoists under the VENCO VENTURO brand, serving municipalities, contractors, utilities and commercial fleets.

Financial Performance Behind the Payout

Douglas Dynamics reported second-quarter net sales of $214.6 million, up 10%, a company record. Net income was $25.4 million, or $1.07 diluted EPS. Adjusted EBITDA increased 5% to a record $44.6 million, and adjusted diluted EPS increased 7% to a record $1.22. Work Truck Attachments sales increased 20% to $129.3 million, which management attributed to strong Demand for snow and ice-control products plus the addition of Venco Venturo, with adjusted EBITDA margins of 27.7% reflecting the impact of Venco Venturo, preseason shipment timing and Business mix. Net cash used in Operating Activities increased $12.5 million to $25.2 million for the first half, which the company said reflected higher inventory required to meet demand and increased receivables tied to higher net sales.

Preseason Shipment Timing and Raised Guidance

Management said preseason shipments for the Work Truck Attachments segment were expected to split approximately 50/50 between the second and third quarters, compared with a 60/40 split in the prior year, meaning comparisons between the quarters require adjustment for this timing shift. Based on the strength of preseason orders, the company raised full-year 2026 guidance to net sales of $765-$805 million, adjusted EBITDA of $120-$135 million, and adjusted EPS of $2.90-$3.40.

Outlook

The shift from a 60/40 to a roughly 50/50 preseason shipment split is the key variable for reading third-quarter results against this year's strong second quarter. Winter-weather conditions in the fourth quarter remain the primary swing Factor for whether the raised guidance range holds.