Filing Flows › Douglas Dynamics (PLOW) › Q2 2026
Douglas Dynamics (PLOW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Douglas Dynamics (PLOW) reported revenue of $215M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +56% from the quarter before. Operating margin was 16.5%, net earnings $25.4M (11.8% of revenue).
Douglas Dynamics, Q2 2026: revenue $215M (+10% year over year), operating margin 16.5%, net earnings $25.4M, operating cash flow −$24.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +56% | +10% |
| Gross profit | $66.8M | +77% | +11% |
| Operating profit | $35.4M | +258% | -4% |
| Net earnings | $25.4M | +298% | -2% |
| Operating cash flow | −$24.2M | — | — |
What changed
Revenue was $214.6M in Q2 2026, up 10% year over year and up 56% from the previous quarter. Independent Dealer was the largest line at 77% of revenue. Independent Dealer added $23.2M year over year (up 16%), 114% of the total change. Product and Service, Other declined 40%.
Gross margin was 31.1%, up 0.1 points from Q2 2025. Operating profit was $35.4M, a 16.5% margin (down 2.5 points year over year). Operating profit fell $1.5M even though revenue rose $20.3M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 35% against revenue growth of 10%. The fastest-growing cost line was SG&A (+37%). Net earnings were $25.4M, down 2% year over year. The effective tax rate was 24.7%.
Operating cash flow was −$24.2M. Non-cash charges added back $3.8M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $57.9M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$28.3M.
Questions
What was Douglas Dynamics' revenue in the second quarter 2026?
Douglas Dynamics (PLOW) reported revenue of $215M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +56% from the quarter before.
Was Douglas Dynamics profitable in the second quarter 2026?
Operating profit was $35.4M (16.5% of revenue) and net earnings $25.4M.
Source: Douglas Dynamics 10-Q on SEC EDGAR.