PLOWDouglas Dynamics, Inc.
Douglas Dynamics, Inc. (PLOW) sells work truck attachments and equipment, primarily serving municipal and commercial fleets. The next catalyst is Nov 3, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain momentum from a strong Q2 2026 beat and guidance lift.
- Revenue grew 13.8% YoY to $708.89M in 2026, with net income of $65.67M and diluted EPS of $1.07.
- Free cash flow turned negative for the first time in TTM, at -$66.33M, while net margin held at 9.3%.
- Debt-to-equity ratio of 0.53x suggests moderate leverage, but cash flow pressures could test balance sheet resilience.
The Read
5% on a strong Q4 2025 earnings beat and optimistic 2026 guidance but fell 6% on Q2 2026 results despite beating estimates and raising guidance, then dropped 5%.
The schedule
- Tue3Nov
The earnings release will test whether the company can sustain its recent guidance reset and margin expansion, which is critical after the last report where revenue growth was underwhelming.
- Tue12Jan
The assessment will test the company's exposure to seasonal demand in its core markets, particularly in the winter season, which could impact its product mix and cash flow.
- Tue2Feb
This report will test the company's ability to deliver on its Q3 guidance, particularly in terms of revenue growth and margin expansion, which are critical for maintaining investor confidence.
- Tue4May
The Q1 2027 report will test the company's ability to sustain its recent guidance reset and margin expansion, which is critical after the last report where revenue growth was underwhelming.
- Tue3Aug
This report will test the company's ability to deliver on its Q4 2026 guidance, particularly in terms of revenue growth and margin expansion, which are critical for maintaining investor confidence.
Past
- Tue6Oct
Actual outcome: Bear · $39.49 at outcome
The stock fell 3.0% following the event, reflecting disappointment with the winter weather outlook and dealer restocking updates. The market interpreted the El Niño/La Niña transition as a potential drag on demand for snow and ice control equipment, and late-stage restocking suggested weaker-than-expected momentum. These factors pushed the price below the bear floor, aligning with the bear case despite the absence of headline misses.
Seasonal shift focusing on early winter weather forecasts (El Niño/La Niña transition) and late-stage dealer restocking for snow and ice control equipment.
- Tue4Aug
Actual outcome: Bear · $41.92 at outcome
Douglas Dynamics reported record Q2 2026 results, delivering adjusted EPS of $1.22 that beat estimates and a 10% increase in net sales to $214.6 million. The company also raised its full-year outlook on the back of strong pre-season demand in its Work Truck Attachments segment. Despite the strong headline numbers and raised guidance, the stock fell 6% toward the bear floor, reflecting a 'sell-the-news' reaction as the market had likely already priced in the preseason strength and remained cautious about underlying commercial demand.
Q2 2026 earnings release. Focus will be on Work Truck Solutions segment margins, municipal upfitting throughput, and early pre-season dealer stocking orders.
- Tue5May
Actual outcome: Bear · $44.25 at outcome
Price reached or fell below bear floor ($43.50) at outcome date.
- Mon23Feb
Actual outcome: Bull · $45.92 at outcome
Douglas Dynamics delivered a significant Q4 earnings beat ($0.62 vs. $0.56 estimate) and reported record performance in its Work Truck Solutions segment and Parts & Accessories sales. The stock surged past the bull target as management highlighted improved winter weather trends and strong momentum in the municipal-focused upfitting business, providing an optimistic outlook for 2026 growth.