DOUGLAS DYNAMICS, INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
PLOW$37.36+2.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
(Dollars In Thousands)
| Accumulated | ||||||
|---|---|---|---|---|---|---|
| Additional · Other | ||||||
| Common Stock · Paid-in · Retained · Comprehensive | ||||||
| Shares | Dollars | Capital | Earnings | Income | Total | |
| Balance at December 31, 2022 | 22,886,793 | $229 | $164,281 | $63,464 | $9,128 | $237,102 |
| Net income | — | — | — | 23,723 | — | 23,723 |
| Dividends paid | — | — | — | (27,441) | — | (27,441) |
| Adjustment for pension and postretirement benefit liability, net of tax of ($1) | — | — | — | — | 3 | 3 |
| Adjustment for interest rate swap, net of tax of $910 | — | — | — | — | (2,775) | (2,775) |
| Repurchase of common stock | — | — | — | — | — | - |
| Stock based compensation | 97,172 | 1 | 952 | — | — | 953 |
| Balance at December 31, 2023 | 22,983,965 | $230 | $165,233 | $59,746 | $6,356 | $231,565 |
| Net income | — | — | — | 56,151 | — | 56,151 |
| Dividends paid | — | — | — | (27,477) | — | (27,477) |
| Adjustment for pension and postretirement benefit liability, net of tax of ($211) | — | — | — | — | 651 | 651 |
| Adjustment for interest rate swap, net of tax of $485 | — | — | — | — | (1,495) | (1,495) |
| Adjustment for steel hedging instrument, net of tax of $14 | — | — | — | — | (40) | (40) |
| Stock based compensation | 110,082 | 1 | 4,859 | — | — | 4,860 |
| Balance at December 31, 2024 | 23,094,047 | $231 | $170,092 | $88,420 | $5,472 | $264,215 |
| Net income | — | — | — | 46,897 | — | 46,897 |
| Dividends paid | — | — | — | (27,936) | — | (27,936) |
| Adjustment for pension and postretirement benefit liability, net of tax of $364 | — | — | — | — | (1,130) | (1,130) |
| Adjustment for interest rate swap, net of tax of $400 | — | — | — | — | (1,241) | (1,241) |
| Adjustment for steel hedging instrument, net of tax of ($25) | — | — | — | — | 80 | 80 |
| Shares withheld on restricted stock vesting | — | — | (161) | — | — | (161) |
| Repurchase of common stock | (210,059) | (2) | (5,998) | — | — | (6,000) |
| Stock based compensation | 185,853 | 2 | 6,720 | — | — | 6,722 |
| Balance at December 31, 2025 | 23,069,841 | $231 | $170,653 | $107,381 | $3,181 | $281,446 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.