Douglas Dynamics (PLOW) Investor presentation summary

Business overview

• Premier North American manufacturer and upfitter of commercial work truck attachments and equipment, with a 75+ year history of innovation and reliability.

• Operates two main segments: Work Truck Attachments (WTA) and Work Truck Solutions (WTS), serving a broad customer base and maintaining strong OEM relationships.

• Products support economic and physical well-being across North America, with a workforce of approximately 1,600 team members.

Strategic priorities

• Focused on three pillars: optimizing operations, expanding product offerings, and activating strategic acquisitions to diversify and balance the portfolio.

• Continuous improvement initiatives include manufacturing centers of excellence and capacity expansions to meet sustained demand.

• M&A targets include complex, highly engineered products with strong brands and established channels.

Financial performance and outlook

• Q2 2025 net sales reached $194.3M (up 2.8%), with net income of $26.0M (up 6.6%).

• Work Truck Attachments net sales were $108.1M, with adjusted EBITDA of $31.6M; Work Truck Solutions delivered record EBITDA margin of 12.8%.

• Returned $13M to shareholders via dividends and share repurchases in Q2 2025.

• 2025 outlook raised: net sales now expected between $630M–$660M, adjusted EBITDA $82M–$97M, and adjusted EPS $1.65–$2.15.