DOUGLAS DYNAMICS, INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
PLOW$37.33-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In Thousands, Except Per Share Data)
| Years ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net sales | $656,053 | $568,504 | $568,178 |
| Cost of sales | 481,373 | 421,667 | 433,908 |
| Gross profit | 174,680 | 146,837 | 134,270 |
| Selling, general, and administrative expense | 94,891 | 91,682 | 78,841 |
| Impairment charges | - | 1,224 | - |
| Gain on sale leaseback transaction | - | (42,298) | - |
| Intangibles amortization | 6,181 | 7,520 | 10,520 |
| Income from operations | 73,608 | 88,709 | 44,909 |
| Interest expense, net | (12,114) | (15,260) | (15,675) |
| Debt modification expense | (176) | - | - |
| Loss on extinguishment of debt | (156) | - | - |
| Other income, net | 344 | 442 | - |
| Income before taxes | 61,506 | 73,891 | 29,234 |
| Income tax expense | 14,609 | 17,740 | 5,511 |
| Net income | $46,897 | $56,151 | $23,723 |
| Earnings per common share: | |||
| Basic | $1.99 | $2.39 | $1.01 |
| Diluted | $1.96 | $2.36 | $0.98 |
| Cash dividends declared and paid per share | $1.18 | $1.18 | $1.18 |
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