Form 8-K

8-K — DOUGLAS DYNAMICS, INC

Accession: 0001437749-26-034484

Filed: 2026-11-03

Period: 2026-11-02

CIK: 0001287213

SIC: 3531 (CONSTRUCTION MACHINERY & EQUIP)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — plow20261026_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_1031437.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: plow20261026_8k.htm · Sequence: 1

plow20261026_8k.htm

false

0001287213

2026-11-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report

(Date of earliest

event reported):

November 2, 2026

DOUGLAS DYNAMICS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-34728

13-4275891

(State or other

jurisdiction of

incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

11270 W Park Place Ste 300, Milwaukee, Wisconsin53224

(Address of principal executive offices, including zip code)

(414) 354-2310

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $.01 per share

PLOW

New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

Results of Operations and Financial Condition.

On November 2, 2026, Douglas Dynamics, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Item 2.02 and the exhibit hereto are furnished to, but not filed with, the Securities and Exchange Commission.

Item 9.01.

Financial Statements and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Not applicable.

(d)

Exhibits. The following exhibit is being furnished herewith:

(99.1)

Press release dated November 2, 2026.

(104)

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOUGLAS DYNAMICS, INC.

Date: November 2, 2026

By:

/s/ Sarah C. Lauber

Sarah C. Lauber

Executive Vice President and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_1031437.htm · Sequence: 2

ex_1031437.htm

Exhibit 99.1

DOUGLAS DYNAMICS REPORTS RECORD THIRD QUARTER 2026 RESULTS

Outstanding Performance Driven by Combination of Strong Demand and Operational Execution;

Raises Lower End of 2026 Guidance Range

Third Quarter 2026 Highlights*:

●

Produced Record 3Q Consolidated results

●

Net Sales increased 35% to 218.0 million

●

Net Income increased 166% to $21.2 million, creating EPS of $0.89

●

Adjusted EBITDA increased 89% to $37.9 million

●

Adjusted diluted EPS increased 145% to $0.98

*All comparisons are to third quarter 2025 financials

November 2, 2026 — Milwaukee, Wisconsin — Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the third quarter ended September 30, 2026. Unless otherwise stated, all comparisons made in this document are between the third quarters of 2026 and 2025.

Mark Van Genderen, President & CEO, noted, "The business results our team has delivered through the first nine months of the year is exceptional and demonstrates the earnings power of our business and the effectiveness of the strategic actions we have taken over the past several years. Our operational execution remains strong, and while we wait for winter to begin, we believe we are well positioned to continue advancing our strategic initiatives."

Consolidated Third Quarter 2026 Results

●

Net Sales increased 35% to a record $218.0 million based on a strong pre-season and execution at Work Truck Attachments.

●

Net Income increased 166% to a record $21.2 million, producing $0.89 of diluted EPS.

●

Adjusted EBITDA increased 89% to a record $37.9 million, which drove record adjusted diluted EPS of $0.98, a 145% increase.

$ in millions

(except Margins & EPS)

Q3 2026

Q3 2025

Net Sales

$218.0

$162.1

Gross Profit Margin

27.4%

23.5%

Income from Operations

$31.3

$14.1

Net Income

$21.2

$8.0

Diluted EPS

$0.89

$0.33

Adjusted EBITDA

$37.9

$20.1

Adjusted EBITDA Margin

17.4%

12.4%

Adjusted Net Income

$23.3

$9.5

Adjusted Diluted EPS

$0.98

$0.40

Douglas Dynamics – Third Quarter 2026

Page 2

Work Truck Attachments Segment Third Quarter 2026 Results

●

Net Sales increased 78% to a record $121.5 million, as robust preseason demand and strong operational execution led to higher throughput, plus the addition of Venco Venturo.

●

Adjusted EBITDA increased 188% to $30.1 million and Adjusted EBITDA margin increased 945 basis points to 24.8%, based on higher throughput, product mix, plus the timing of shipments between the second and third quarters.

●

As predicted, the continued strength of parts and accessories demand led year-to-date P&A shipments to already exceed the previous annual record set in 2025.

●

As expected, the ratio of pre-season shipments was close to a 50% to 50% split between the second and third quarters, compared to a 60% to 40% split in 2025.

Van Genderen explained, “We are proud of the operational performance from our Attachments team, which responded to the robust demand for our products with a tremendous effort to produce and ship equipment to our dealers. The subsequent improvements in throughput, plus positive product mix led to significant margin improvement for the quarter and year-to-date. Heading into the winter season with confidence, we are driving results through disciplined execution of our strategic initiatives and remain determined to build upon our recent success.”

$ in millions

(except Adjusted EBITDA Margin)

Q3 2026

Q3 2025

Net Sales

$121.5

$68.1

Adjusted EBITDA

$30.2

$10.5

Adjusted EBITDA Margin

24.8%

15.4%

Work Truck Solutions Segment Third Quarter 2026 Results

●

Net Sales increased 3% to a record $96.5 million, with Adjusted EBITDA of $7.8 million, reflecting sustained strong demand across municipal end markets, which helped mitigate the impact of inconsistent commercial demand.

Van Genderen noted, “The record top-line performance in Solutions is a significant achievement, given that the prior-year third quarter also produced a record. Although inconsistent commercial demand has impacted profitability, the segment continues to perform well overall, supported by sustained municipal demand and a positive outlook. Investments to expand capacity and support growing municipal demand remain on track, and we expect to begin operations at our new Ohio facility in the coming weeks.”

$ in millions

(except Adjusted EBITDA Margin)

Q3 2026

Q3 2025

Net Sales

$96.5

$94.0

Adjusted EBITDA

$7.8

$9.6

Adjusted EBITDA Margin

8.1%

10.2%

Douglas Dynamics – Third Quarter 2026

Page 3

Dividend & Liquidity

●

On a year-to-date basis, approximately $27 million of cash was returned to shareholders through the payment of a quarterly cash dividend of $0.295 per diluted share, and the repurchase of company stock.

●

Net cash used in operating activities increased $26.3 million to $47.5 million for the first nine months of 2026. The change was due to increased working capital to support demand across both segments.

●

Year to date capital expenditures increased by $3.1 million to $11.2 million as planned. 2026 Capital Expenditures are expected to fall within the traditional range of 2% to 3% of Net Sales.

2026 Outlook

Sarah Lauber, Executive Vice President and CFO noted, “This year has exceeded our expectations in many respects, and, through the first nine months of the year, we have surpassed our full-year record Adjusted EPS achieved in 2019. Reflecting this momentum and our continued strong execution, we are increasing the lower end of our guidance ranges. While we are pleased with our progress, it is important to remember that the fourth quarter for our Attachments segment is influenced by the timing and severity of winter weather, which can create meaningful variability in year-end results.”

2026 Outlook Ranges*

Former

Current

Low

High

Low

High

Net Sales

$765

$805

$770

$805

Adjusted EBITDA

$120

$135

$123

$135

Adjusted Diluted EPS

$2.90

$3.40

$3.00

$3.40

Effective tax rate

24%

25%

24%

25%

*In millions, except per share, and tax rate data

The 2026 outlook assumes that core markets will experience average snowfall in the fourth quarter of 2026.

With respect to the Company’s 2026 financial outlook, the Company is not able to provide a reconciliation of the non-GAAP financial measures to GAAP because it does not provide specific guidance for the various extraordinary, nonrecurring, or unusual charges and other certain items. These items have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted. As a result, reconciliation of the non-GAAP guidance measures to GAAP is not available without unreasonable effort and the Company is unable to address the probable significance of the unavailable information.

Douglas Dynamics – Third Quarter 2026

Page 4

Earnings Conference Call Information

The Company will host a conference call on Tuesday, November 3, 2026, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). To join the conference call, please dial 1-833-634-5024 domestically, or 1-412-902-4205 internationally.

The call will also be available via the Investor Relations section of the Company’s website at www.douglasdynamics.com. For those who cannot listen to the live broadcast, replays will be available for one week following the call.

About Douglas Dynamics

Home to the most trusted brands in the industry, Douglas Dynamics is North America’s premier manufacturer and up-fitter of commercial work truck attachments and equipment. For more than 80 years, the Company has been innovating products that not only enable people to perform their jobs more efficiently and effectively, but also enable businesses to increase profitability. Through its proprietary Douglas Dynamics Management System (DDMS), the Company is committed to continuous improvement aimed at consistently producing the highest quality products, at industry-leading levels of service and delivery that ultimately drive shareholder value. The Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes commercial snow and ice control equipment sold under the FISHER®, SNOWEX® and WESTERN® brands, and truck mounted cranes and dump hoists sold under the VENCO VENTURO brands. Second, the Work Truck Solutions segment, which includes the up-fit of market leading attachments and storage solutions under the HENDERSON® brand, and the DEJANA® brand and its related sub-brands.

Use of Non-GAAP Financial Measures

This press release contains financial information calculated other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). The non-GAAP measures used in this press release are Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings Per Share (EPS), and Free Cash Flow. The Company believes that these non-GAAP measures are useful to investors and other external users of its consolidated financial statements in evaluating the Company’s operating performance as compared to that of other companies. Reconciliations of these non-GAAP measures to the nearest comparable GAAP measures can be found immediately following the Consolidated Statements of Cash Flows included in this press release.

Adjusted EBITDA represents net income before interest, taxes, depreciation, and amortization, as further adjusted for certain charges consisting of unrelated legal and consulting fees, stock-based compensation, severance, restructuring charges, acquisition costs, inventory step up related to Venco Venturo, CEO transition costs, debt modification expense, and loss on extinguishment of debt. The Company uses Adjusted EBITDA in evaluating the Company’s operating performance because it provides the Company and its investors with additional tools to compare its operating performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect the Company’s core operations. The Company’s management also uses Adjusted EBITDA for planning purposes, including the preparation of its annual operating budget and financial projections, and to evaluate the Company’s ability to make certain payments, including dividends, in compliance with its senior credit facilities, which is determined based on a calculation of “Consolidated Adjusted EBITDA” that is substantially similar to Adjusted EBITDA.

Douglas Dynamics – Third Quarter 2026

Page 5

Adjusted Net Income and Adjusted Earnings Per Share (calculated on a diluted basis) represents net income and earnings per share (as defined by GAAP), excluding the impact of stock based compensation, product liability settlement costs, severance, restructuring charges, acquisition costs, inventory step up related to Venco Venturo, CEO transition costs, debt modification expense, loss on extinguishment of debt, and certain charges related to unrelated legal fees and consulting fees. Management believes that Adjusted Net Income and Adjusted Earnings Per Share are useful in assessing the Company’s financial performance by eliminating expenses and income that are not reflective of the underlying business performance.

Free Cash Flow is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities less the acquisition of property and equipment. Free Cash Flow should be evaluated in addition to, and not considered a substitute for, other financial measures such as Net Income and Net Cash Provided By (Used in) Operating Activities. We believe that free cash flow represents our ability to generate additional cash flow from our business operations.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information relating to future events, future financial performance, strategies, expectations, competitive environment, regulation, product demand, the payment of dividends, and availability of financial resources. These statements are often identified by use of words such as "anticipate," "believe," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will" and similar expressions and include references to assumptions and relate to our future prospects, developments, and business strategies. Such statements involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, weather conditions, particularly lack of or reduced levels of snowfall and the timing of such snowfall, our ability to manage general economic, business and geopolitical conditions, including the impacts of natural disasters, labor strikes, global political instability, adverse developments affecting the banking and financial services industries, pandemics and outbreaks of contagious diseases and other adverse public health developments, increases in the price of steel or other materials, including as a result of tariffs, necessary for the production of our products that cannot be passed on to our distributors, our inability to maintain good relationships with our distributors, our inability to maintain good relationships with the original equipment manufacturers with whom we currently do significant business, lack of available or favorable financing options for our end-users, distributors or customers, increases in the price of fuel or freight, including as a result of the ongoing conflict in Iran, a significant decline in economic conditions, the inability of our suppliers and original equipment manufacturer partners to meet our volume or quality requirements, inaccuracies in our estimates of future demand for our products, our inability to protect or continue to build our intellectual property portfolio, the effects of laws and regulations and their interpretations on our business and financial condition, including policy or regulatory changes related to climate change, our inability to develop new products or improve upon existing products in response to end-user needs, losses due to lawsuits arising out of personal injuries associated with our products, factors that could impact the future declaration and payment of dividends, or our ability to execute repurchases under our stock repurchase program, our inability to effectively manage the use of artificial intelligence, disruptions at our manufacturing facilities, our inability to compete effectively against competition, our inability to successfully implement our new enterprise resource planning system, the timing, scope and impact of acquisitions, dispositions or other strategic transactions, our inability to achieve the projected financial performance with the assets of Venco Venturo, which we acquired in 2025, and unexpected costs or liabilities related to such acquisition, as well as those discussed in the section entitled “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2025 and any subsequent Form 10-Q filings. You should not place undue reliance on these forward-looking statements. In addition, the forward-looking statements in this release speak only as of the date hereof and we undertake no obligation, except as required by law, to update or release any revisions to any forward-looking statement, even if new information becomes available in the future.

For further information contact:

Douglas Dynamics, Inc.

Nathan Elwell

Vice President of Investor Relations

847-530-0249

investorrelations@douglasdynamics.com

Financial Statements

Douglas Dynamics – Third Quarter 2026

Page 6

Douglas Dynamics, Inc.

Consolidated Balance Sheets

(In thousands)

September 30,

December 31,

2026

2025

(unaudited)

Assets

Current assets:

Cash and cash equivalents

5,482

8,297

Accounts receivable, net

217,841

97,561

Inventories

167,926

149,656

Inventories - truck chassis floor plan

5,001

4,184

Refundable income taxes paid

920

Prepaid and other current assets

9,367

5,415

Total current assets

405,617

266,033

Property, plant, and equipment, net

48,351

44,764

Goodwill

116,779

Other intangible assets, net

111,717

116,269

Operating lease - right of use asset

94,154

68,972

Non-qualified benefit plan assets

12,791

12,038

Other long-term assets

4,605

1,846

Total assets

794,014

626,701

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

42,519

38,687

Accrued expenses and other current liabilities

43,219

33,406

Floor plan obligations

5,001

4,184

Operating lease liability - current

10,321

7,154

Income taxes payable

1,772

Short term borrowings

96,000

5,000

Current portion of long-term debt

7,416

Total current liabilities

206,248

95,847

Retiree benefits and deferred compensation

15,787

14,947

Deferred income taxes

35,041

33,104

Long-term debt, less current portion

129,854

135,162

Operating lease liability - noncurrent

83,764

60,134

Other long-term liabilities

6,515

6,061

Total stockholders' equity

316,805

281,446

Total liabilities and stockholders' equity

794,014

626,701

Douglas Dynamics – Third Quarter 2026

Page 7

Douglas Dynamics, Inc.

Consolidated Statements of Income

(In thousands, except share and per share data)

Three Month Period Ended

Nine Month Period Ended

September 30, 2026

September 30, 2025

September 30, 2026

September 30, 2025

(unaudited)

Net sales

218,014

162,121

570,459

471,515

Cost of sales

158,185

124,014

406,063

344,973

Gross profit

59,829

38,107

164,396

126,542

Selling, general, and administrative expense

27,035

22,473

83,207

67,611

Intangibles amortization

1,517

1,550

4,552

4,650

Income from operations

31,277

14,084

76,637

54,281

Interest expense, net

(2,934

)

(3,762

)

(7,320

)

(9,119

)

Debt modification expense

(176

)

Loss on extinguishment of debt

(156

)

Other income, net

652

217

Income before taxes

28,357

10,412

69,969

45,047

Income tax expense

7,199

2,452

17,056

10,985

Net income

21,158

7,960

52,913

34,062

Weighted average number of common shares outstanding:

Basic

23,077,046

23,040,878

23,097,141

23,097,566

Diluted

23,532,796

23,570,707

23,569,913

23,635,539

Earnings per share:

Basic earnings per common share attributable to common shareholders

0.90

0.34

2.25

1.44

Earnings per common share assuming dilution attributable to common shareholders

0.89

0.33

2.23

1.42

Cash dividends declared and paid per share

0.30

0.89

Douglas Dynamics – Third Quarter 2026

Page 8

Douglas Dynamics, Inc.

Consolidated Statements of Cash Flows

(In thousands)

Nine Month Period Ended

September 30, 2026

September 30, 2025

(unaudited)

Operating activities

Net income

52,913

34,062

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation and amortization

11,466

11,474

Loss on disposal of fixed asset

660

Amortization of deferred financing costs and debt discount

317

382

Debt modification expense

176

Loss on extinguishment of debt

156

Stock-based compensation

8,807

5,223

Provision for losses on accounts receivable

472

122

Deferred income taxes

1,937

5,657

Non-cash lease expense

8,110

6,228

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

(120,752

)

(86,177

)

Inventories

(18,270

)

(1,709

)

Prepaid assets, refundable income taxes paid and other assets

(3,793

)

(1,007

)

Accounts payable

3,871

7,788

Accrued expenses and other current liabilities

12,511

6,541

Benefit obligations, long-term liabilities and other

(5,778

)

(10,153

)

Net cash used in operating activities

(47,529

)

(21,237

)

Investing activities

Capital expenditures

(11,201

)

(8,055

)

Acquisition of business

(927

)

Net cash used in investing activities

(12,128

)

(8,055

)

Financing activities

Repurchase of common stock

(6,000

)

(6,000

)

Shares withheld on restricted stock vesting paid for employees’ taxes

(1,263

)

(161

)

Payments of financing costs

(293

)

Borrowings on long-term debt

148,770

Payments on life insurance policy loans

(122

)

(119

)

Dividends paid

(21,148

)

(20,941

)

Net revolver borrowings

91,000

65,000

Repayment of long-term debt

(5,625

)

(151,438

)

Net cash provided by financing activities

56,842

34,818

Change in cash and cash equivalents

(2,815

)

5,526

Cash and cash equivalents at beginning of period

8,297

5,119

Cash and cash equivalents at end of period

5,482

10,645

Non-cash operating and financing activities

Truck chassis inventory acquired through floorplan obligations

1,488

19,249

Douglas Dynamics – Third Quarter 2026

Page 9

Douglas Dynamics, Inc.

Segment Disclosures (unaudited)

(In thousands)

Three Months Ended

September 30, 2026

Three Months Ended

September 30, 2025

Nine Months Ended September 30, 2026

Nine Months Ended September 30, 2025

Work Truck Attachments

Net Sales

121,489

68,097

311,730

212,668

Adjusted EBITDA

30,145

10,461

73,609

42,358

Adjusted EBITDA Margin

24.8

15.4

23.6

19.9

Work Truck Solutions

Net Sales

96,525

94,024

258,729

258,847

Adjusted EBITDA

7,793

9,624

25,718

29,775

Adjusted EBITDA Margin

8.1

10.2

9.9

11.5

Douglas Dynamics, Inc.

Free Cash Flow reconciliation (unaudited)

(In thousands)

Three month period ended September 30,

Nine month period ended September 30,

2026

2025

2026

2025

Net cash used in operating activities

(22,334

)

(8,516

)

(47,529

)

(21,237

)

Acquisition of property and equipment

(3,900

)

(2,929

)

(11,201

)

(8,055

)

Free cash flow

(26,234

)

(11,445

)

(58,730

)

(29,292

)

Douglas Dynamics – Third Quarter 2026

Page 10

Douglas Dynamics, Inc.

Net Income to Adjusted EBITDA reconciliation (unaudited)

(In thousands)

Three month period ended September 30,

Nine month period ended September 30,

2026

2025

2026

2025

Net income

21,158

7,960

52,913

34,062

Interest expense - net

2,934

3,762

7,320

9,119

Income tax expense

7,199

2,452

17,056

10,985

Depreciation expense

2,271

2,275

6,914

6,824

Intangibles amortization

1,517

1,550

4,552

4,650

EBITDA

35,079

17,999

88,755

65,640

Stock-based compensation

1,820

1,519

8,807

5,223

Debt modification expense

176

Loss on extinguishment of debt

156

Other charges (1)

1,039

567

1,765

938

Adjusted EBITDA

37,938

20,085

99,327

72,133

(1) Reflects unrelated legal, severance, restructuring and consulting fees for the periods presented. Reflects $58 in inventory step up related to Venco Venturo included in cost of sales in the nine months ended September 30, 2026.

Douglas Dynamics – Third Quarter 2026

Page 11

Douglas Dynamics, Inc.

Reconciliation of Net Income to Adjusted Net Income (unaudited)

(In thousands, except share and per share data)

Three month period ended September 30,

Nine month period ended September 30,

2026

2025

2026

2025

Net income

21,158

7,960

52,913

34,062

Adjustments:

Stock based compensation

1,820

1,519

8,807

5,223

Debt modification expense

176

Loss on extinguishment of debt

156

Other charges (1)

1,039

567

1,765

938

Tax effect on adjustments

(715

)

(522

)

(2,642

)

(1,623

)

Adjusted net income

23,302

9,524

60,843

38,932

Weighted average basic common shares outstanding

23,077,046

23,040,878

23,097,141

23,097,566

Weighted average common shares outstanding assuming dilution

23,532,796

23,570,707

23,569,913

23,635,539

Adjusted earnings per common share - dilutive

0.98

0.40

2.56

1.63

GAAP diluted earnings per share

0.89

0.33

2.23

1.42

Adjustments net of income taxes:

Stock based compensation

0.06

0.05

0.28

0.16

Debt modification expense

0.01

Loss on extinguishment of debt

0.01

Other charges (1)

0.03

0.02

0.05

0.03

Adjusted diluted earnings per share

0.98

0.40

2.56

1.63

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.3

Document And Entity Information

Nov. 02, 2026

Document Information [Line Items]

Entity, Registrant Name

DOUGLAS DYNAMICS, INC.

Document, Type

8-K

Document, Period End Date

Nov. 02, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

001-34728

Entity, Tax Identification Number

13-4275891

Entity, Address, Address Line One

11270 W Park Place Ste 300

Entity, Address, City or Town

Milwaukee

Entity, Address, State or Province

Entity, Address, Postal Zip Code

53224

City Area Code

414

Local Phone Number

354-2310

Title of 12(b) Security

Common Stock

Trading Symbol

PLOW

Security Exchange Name

NYSE

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0001287213

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

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- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

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Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

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- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

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Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

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- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

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Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

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Data Type:

xbrli:normalizedStringItemType

Balance Type:

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Name:

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Namespace Prefix:

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Data Type:

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Balance Type:

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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Name:

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Data Type:

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

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Data Type:

dei:tradingSymbolItemType

Balance Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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