Overview
- Douglas reported record second‑quarter net sales of $214.6 million, adjusted EBITDA of $44.6 million, and adjusted diluted EPS of $1.22.
- The company raised full‑year 2026 guidance to $765 million–$805 million in sales, $120 million–$135 million in adjusted EBITDA, and $2.90–$3.40 in adjusted EPS.
- Work Truck Attachments led growth with a 20% sales increase to $129.3 million, driven by above‑average prior winter snowfall, lower dealer inventories, and the Venco Venturo acquisition.
- SG&A rose 37% to $29.8 million because of higher variable incentive and stock‑based pay and added employee costs from the Venco bolt‑on, even as Douglas returned $10.1 million to shareholders through dividends and buybacks.
- Management said tariff effects were not material given mostly North American sourcing, U.S. manufacturing and roughly 95% of sales in the U.S., a position that supports near‑term supply resilience and margin visibility.