Overview
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- TickerPLOW on NYSE2
- IndustryConstruction Machinery & Equip2
- HeadquartersMilwaukee, United States2
- Incorporated inDE3
- Business address11270 W. Park Place Suite 300, Milwaukee, Wi 532243
- Filer categoryAccelerated filer3
- Legal formCorporation2
- LEI529900CDFLKNQ0QT65802
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o NATIONAL REGISTERED AGENTS, INC., 160 GREENTREE DR STE 101, 19904 Dover, United States2
- Registered withDivision of Corporations, Department of State, 37761202
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Home to the best-selling brands in the industry, Douglas Dynamics, Inc. (the “Company,” “we,” “us,” “our”) is North America's premier manufacturer and upfitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that enable end-users to perform their jobs more efficiently and effectively, providing opportunities for businesses to increase profitability. Our commitment to continuous improvement enables us to consistently produce high quality products and drive shareholder value. The Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes our operations that manufacture and sell snow and ice control attachments and other products sold under the FISHER®, SNOWEX® and WESTERN® brands, and truck-mounted service cranes and dump hoists under the V…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Independent Dealer brought in 65% of the revenue DOUGLAS DYNAMICS, INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Independent Dealer | $428.9M | $404.4M | $424.8M |
| Government Contract | $73.2M | $90.5M | $144.2M |
| Fleet | $58.6M | $65.9M | $76.8M |
| Product and Service, Other | $7.6M | $7.7M | $10.3M |
Business segments
Work Truck Solutions brought in 55% of the revenue DOUGLAS DYNAMICS, INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Work Truck Solutions | $276.5M | $312.5M | $360.3M |
| Work Truck Attachments | $291.7M | $256.0M | $295.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$481.4M
- Research and development1¢$7.7M
- Selling, general and admin14¢$94.9M
- Other costs2¢$10.6M
- Income tax2¢$14.6M
- Profit7¢$46.9M
Out of $656.1M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending14¢$10.8M
- Dividends paid37¢$27.9M
- Share buybacks8¢$6.0M
- Kept or used elsewhere40¢$29.9M
Out of $74.7M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $656.1M | $568.5M | $568.2M |
| Cost of Product and Service Sold | $481.4M | $421.7M | $433.9M |
| Gross profit | $174.7M | $146.8M | $134.3M |
| Selling, general, and administrative expense | $94.9M | $91.7M | $78.8M |
| Impairment charges | $0 | $1.2M | $0 |
| Gain on sale leaseback transaction | $0 | -$42.3M | $0 |
| Intangibles amortization | $6.2M | $7.5M | $10.5M |
| Income from operations | $73.6M | $88.7M | $44.9M |
| Interest expense, net | -$12.1M | -$15.3M | -$15.7M |
| Debt modification expense | -$176.0K | $0 | $0 |
| Loss on extinguishment of debt | -$156.0K | $0 | $0 |
| Other income, net | $344.0K | $442.0K | $0 |
| Income before taxes | $61.5M | $73.9M | $29.2M |
| Income tax expense | $14.6M | $17.7M | $5.5M |
| Net income | $46.9M | $56.2M | $23.7M |
| Basic (in dollars per share) | $1.99 | $2.39 | $1.01 |
| Diluted (in dollars per share) | $1.96 | $2.36 | $0.98 |
| Cash dividends declared and paid per share (in dollars per share) | $1.18 | $1.18 | $1.18 |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net sales | $184.5M | $162.1M | $194.3M | $115.1M | $143.5M | $129.4M | $199.9M | $95.7M |
| Gross profit | $48.1M | $38.1M | $60.3M | $28.1M | $35.7M | $30.9M | $61.3M | $18.9M |
| Income before taxes | $16.5M | $10.4M | $34.1M | $490.0K | $10.0M | $41.7M | $32.1M | -$9.9M |
| Basic (in dollars per share) | $0.54 | $0.34 | $1.10 | $0.01 | $0.33 | $1.37 | $1.03 | -$0.37 |
| Diluted (in dollars per share) | $0.54 | $0.33 | $1.09 | $0.00 | $0.33 | $1.36 | $1.02 | -$0.37 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $8.3M | $5.1M | ||
| Accounts receivable, net | $97.6M | $87.4M | ||
| Inventories | $149.7M | $137.0M | ||
| Inventories - truck chassis floor plan | $4.2M | $2.6M | ||
| Refundable income taxes paid | $920.0K | $0 | ||
| Prepaid and other current assets | $5.4M | $6.1M | ||
| Total current assets | $266.0M | $238.2M | ||
| Property, plant and equipment, net | $44.8M | $41.3M | ||
| Goodwill | $116.8M | $113.1M | ||
| Other intangible assets, net | $116.3M | $113.5M | ||
| Operating lease right-of-use assets | $69.0M | $70.8M | ||
| Non-qualified benefit plan assets | $12.0M | $10.5M | ||
| Other long-term assets | $1.8M | $2.5M | ||
| Total assets | $626.7M | $590.0M | $593.4M | |
| Accounts payable | $38.7M | $32.3M | ||
| Accrued expenses and other current liabilities | $33.4M | $26.2M | ||
| Floor plan obligations | $4.2M | $2.6M | ||
| Operating lease liability - current | $7.2M | $7.4M | ||
| Income tax payable | $0 | $1.7M | ||
| Short-term borrowings | $5.0M | $0 | ||
| Current portion of long-term debt | $7.4M | $0 | ||
| Total current liabilities | $95.8M | $70.2M | ||
| Retiree benefits and deferred compensation | $14.9M | $13.6M | ||
| Deferred income taxes | $33.1M | $24.6M | ||
| Long-term debt, less current portion | $135.2M | $146.7M | ||
| Operating lease liability - noncurrent | $60.1M | $64.8M | ||
| Other long-term liabilities | $6.1M | $5.9M | ||
| Common Stock, par value $0.01, 200,000,000 shares authorized, 23,069,841 and 23,094,047 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $231.0K | $231.0K | ||
| Additional paid-in capital | $170.7M | $170.1M | ||
| Retained earnings | $107.4M | $88.4M | ||
| Accumulated other comprehensive income, net of tax | $3.2M | $5.5M | ||
| Total shareholders' equity | $281.4M | $264.2M | $231.6M | $237.1M |
| Total liabilities and shareholders' equity | $626.7M | $590.0M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 23.1M shares | 23.1M shares | ||
| Common stock, shares outstanding (in shares) | 23.1M shares | 23.1M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $8.3M | $5.1M | ||
| Accounts receivable, net | $97.6M | $87.4M | ||
| Inventories | $149.7M | $137.0M | ||
| Inventories - truck chassis floor plan | $4.2M | $2.6M | ||
| Refundable income taxes paid | $920.0K | $0 | ||
| Prepaid and other current assets | $5.4M | $6.1M | ||
| Total current assets | $266.0M | $238.2M | ||
| Property, plant and equipment, net | $44.8M | $41.3M | ||
| Goodwill | $116.8M | $113.1M | ||
| Other intangible assets, net | $116.3M | $113.5M | ||
| Operating lease right-of-use assets | $69.0M | $70.8M | ||
| Non-qualified benefit plan assets | $12.0M | $10.5M | ||
| Other long-term assets | $1.8M | $2.5M | ||
| Total assets | $626.7M | $590.0M | $593.4M | |
| Accounts payable | $38.7M | $32.3M | ||
| Accrued expenses and other current liabilities | $33.4M | $26.2M | ||
| Floor plan obligations | $4.2M | $2.6M | ||
| Operating lease liability - current | $7.2M | $7.4M | ||
| Income tax payable | $0 | $1.7M | ||
| Short-term borrowings | $5.0M | $0 | ||
| Current portion of long-term debt | $7.4M | $0 | ||
| Total current liabilities | $95.8M | $70.2M | ||
| Retiree benefits and deferred compensation | $14.9M | $13.6M | ||
| Deferred income taxes | $33.1M | $24.6M | ||
| Long-term debt, less current portion | $135.2M | $146.7M | ||
| Operating lease liability - noncurrent | $60.1M | $64.8M | ||
| Other long-term liabilities | $6.1M | $5.9M | ||
| Common Stock, par value $0.01, 200,000,000 shares authorized, 23,069,841 and 23,094,047 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $231.0K | $231.0K | ||
| Additional paid-in capital | $170.7M | $170.1M | ||
| Retained earnings | $107.4M | $88.4M | ||
| Accumulated other comprehensive income, net of tax | $3.2M | $5.5M | ||
| Total shareholders' equity | $281.4M | $264.2M | $231.6M | $237.1M |
| Total liabilities and shareholders' equity | $626.7M | $590.0M | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 23.1M shares | 23.1M shares | ||
| Common stock, shares outstanding (in shares) | 23.1M shares | 23.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $46.9M | $56.2M | $23.7M |
| Depreciation and amortization | $15.4M | $17.9M | $21.7M |
| Amortization of deferred financing costs and debt discount | $489.0K | $703.0K | $588.0K |
| Debt modification expense | $176.0K | $0 | $0 |
| Loss on extinguishment of debt | $156.0K | $0 | $0 |
| Loss (gain) on disposal of fixed assets | $0 | $347.0K | -$56.0K |
| Gain on sale leaseback transaction | $0 | -$42.3M | $0 |
| Stock based compensation | $6.7M | $4.9M | $953.0K |
| Adjustments on derivatives not designated as hedges | $0 | -$287.0K | -$688.0K |
| Provision (credit) for losses on accounts receivable | $279.0K | $702.0K | $320.0K |
| Deferred income taxes | $9.3M | -$3.0M | $7.6M |
| Impairment charges | $0 | $1.2M | $0 |
| Non-cash lease expense | $8.5M | $6.3M | $5.1M |
| Accounts receivable | -$6.1M | -$4.3M | $2.7M |
| Inventories | -$672.0K | $3.4M | -$3.9M |
| Prepaid assets, refundable income taxes and other assets | -$2.8M | $2.2M | -$14.0M |
| Accounts payable | $3.4M | $991.0K | -$17.1M |
| Accrued expenses and other current liabilities | $4.4M | $2.1M | -$8.2M |
| Benefit obligations, long-term liabilities and other | -$11.5M | -$5.7M | -$6.2M |
| Net cash provided by operating activities | $74.7M | $41.1M | $12.5M |
| Capital expenditures | -$11.1M | -$7.8M | -$10.5M |
| Acquisition of business | -$26.3M | $0 | $0 |
| Proceeds from sale leaseback transaction | $0 | $64.2M | $0 |
| Proceeds from insurance recoveries | $0 | $452.0K | $0 |
| Net cash provided by (used in) investing activities | -$37.5M | $56.8M | -$10.5M |
| Repurchase of common stock | -$6.0M | $0 | $0 |
| Shares withheld on restricted stock vesting paid for employees taxes | -$161.0K | $0 | $0 |
| Proceeds from (payments on) life insurance policy loans | -$119.0K | -$204.0K | $750.0K |
| Payments of financing costs | -$293.0K | -$279.0K | -$334.0K |
| Borrowings on long-term debt | $148.8M | $0 | $0 |
| Dividends paid | -$27.9M | -$27.5M | -$27.4M |
| Net revolver borrowings | $5.0M | -$47.0M | $47.0M |
| Repayment of long-term debt | -$153.3M | -$42.0M | -$18.4M |
| Net cash provided by (used in) financing activities | -$34.1M | -$117.0M | $1.5M |
| Change in cash and cash equivalents | $3.2M | -$19.0M | $3.5M |
| Truck chassis inventory acquired through floor plan obligations | $19.2M | $5.6M | $7.9M |
| Acquisition-related purchase consideration not yet paid | $927.0K | $0 | $0 |
| Income taxes paid | $7.7M | $13.6M | $14.5M |
| Interest paid | $14.0M | $18.9M | $18.2M |
No quarter-by-quarter statement was filed.
Corporate structure
DOUGLAS DYNAMICS, INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of DOUGLAS DYNAMICS, INC
- Allspring Global Investments Holdings, LLC Filed SCHEDULE 13G/A on DOUGLAS DYNAMICS, INC, latest Jul 31, 2026 (6 filings since Jan 19, 2022)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on DOUGLAS DYNAMICS, INC, latest Jul 31, 2026
- PZENA INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on DOUGLAS DYNAMICS, INC, latest Apr 17, 2026 (4 filings since Oct 16, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on DOUGLAS DYNAMICS, INC, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
- JPMorgan Chase Filed SC 13G/A on DOUGLAS DYNAMICS, INC, latest Oct 7, 2024 (4 filings since Jan 10, 2022)
- BlackRock Filed SC 13G/A on DOUGLAS DYNAMICS, INC, latest Jan 26, 2024 (3 filings since Feb 3, 2022)
- Conestoga Capital Advisors, LLC Filed SC 13G/A on DOUGLAS DYNAMICS, INC, latest Jan 5, 2024 (3 filings since Jan 10, 2022)
- Wells Fargo Filed SC 13G/A on DOUGLAS DYNAMICS, INC, latest Jan 26, 2022
- DOUGLAS DYNAMICS, INC Milwaukee, Wisconsin, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What DOUGLAS DYNAMICS, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $142.6M5 Dec 31, 2025 | $130.2M5 Dec 31, 2024 | +9.5% |
| Accumulated depreciation | $97.8M5 Dec 31, 2025 | $88.9M5 Dec 31, 2024 | +10.1% |
| Property and equipment, net | $44.8M5 Dec 31, 2025 | $41.3M5 Dec 31, 2024 | +8.4% |
| Operating-lease assets (leased space) | $69.0M5 Dec 31, 2025 | $70.8M5 Dec 31, 2024 | −2.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $116.8M5 Dec 31, 2025 | $113.1M5 Dec 31, 2024 | +3.2% |
| Intangible assets, net (excluding goodwill) | $116.3M5 Dec 31, 2025 | $113.5M5 Dec 31, 2024 | +2.4% |
| Finite-lived intangibles, gross | $203.1M5 Dec 31, 2025 | $196.2M5 Dec 31, 2024 | +3.5% |
| Accumulated amortization | $166.4M5 Dec 31, 2025 | $160.2M5 Dec 31, 2024 | +3.9% |
| Finite-lived intangibles, net | $36.7M5 Dec 31, 2025 | $36.0M5 Dec 31, 2024 | +2.1% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $149.7M5 Dec 31, 2025 | $137.0M5 Dec 31, 2024 | +9.2% |
| Work in process | $16.2M5 Dec 31, 2025 | $13.3M5 Dec 31, 2024 | +21.3% |
| Finished goods | $57.8M5 Dec 31, 2025 | $67.9M5 Dec 31, 2024 | −14.8% |
Properties, in its own words
Our significant facilities by location, ownership, and function as of December 31, 2025 are as follows:
Location · Ownership · Products / Use
The rest of Item 2
Milwaukee, Wisconsin · Leased · Corporate headquarters
Milwaukee, Wisconsin (1) · Leased · Work Truck Attachments
Albany, New York · Leased · Work Truck Solutions
Baltimore, Maryland (1) · Leased · Work Truck Solutions
Bucyrus, Ohio · Leased · Work Truck Solutions
Chalfont, Pennsylvania · Leased · Work Truck Solutions
Cinnaminson, New Jersey · Leased · Work Truck Solutions
Fulton, Missouri · Leased · Work Truck Solutions
Huntley, Illinois · Leased · Work Truck Solutions
Kansas City, Missouri · Leased · Work Truck Solutions
Kenvil, New Jersey · Leased · Work Truck Solutions
Kings Park, New York (1) · Leased · Work Truck Solutions
Madison Heights, Michigan · Leased · Work Truck Attachments
Manchester, Iowa (1) · Leased · Work Truck Solutions
Queensbury, New York · Leased · Work Truck Solutions
Rockland, Maine · Owned · Work Truck Attachments
Rockland, Maine · Leased · Work Truck Attachments
Sharonville, Ohio (1) · Leased · Work Truck Attachments
Skowhegan, Maine · Leased · Work Truck Solutions
Smithfield, Rhode Island · Leased · Work Truck Solutions
Watertown, New York · Leased · Work Truck Solutions
China · Leased · Sourcing Office
(1) – Two facilities.
Item 2 of the 10-K filed Feb 24, 2026.4
Leadership
Who has led DOUGLAS DYNAMICS, INC, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerGenderen Mark Van Mar 4, 2025 to now13
- Chief executive officerRobert L. McCormick Feb 21, 2019 to Mar 13, 202414
- Chief executive officerJames L. Janik May 4, 2010 to Aug 26, 202415
- ChairJames L. Janik May 8, 2014 to May 17, 202416
- PresidentGenderen Mark Van Feb 21, 2023 to now17
- PresidentRobert L. McCormick Feb 21, 2019 to Mar 13, 202414
- PresidentJonathon P. Sievert May 10, 2017 to Mar 12, 202118
- PresidentJames L. Janik May 4, 2010 to Aug 26, 202415
- Chief financial officerSarah C. Lauber Aug 28, 2017 to now19
- Chief financial officerRobert L. McCormick May 4, 2010 to Mar 6, 201720
- Chief operating officerGenderen Mark Van Nov 5, 2024 to now21
- Chief operating officerRobert L. McCormick Jan 8, 2018 to Mar 7, 201822
Board members and other officers (23)
- Pres. Work Truck AttachmentsChristopher E. Bernauer Feb 28, 2025 to now23
- VP of Human ResourcesLinda R. Evans Feb 18, 2021 to Mar 13, 202424
- ControllerJon J. Sisulak Jan 23, 2019 to now25
- OfficerAndrew Dejana Feb 22, 2018 to Mar 18, 201926
- VP, OperationsKeith Hagelin May 4, 2010 to Mar 8, 202227
- VP, Sales and MarketingMark Adamson May 4, 2010 to Mar 6, 201728
- Board memberGenderen Mark Van Mar 4, 2025 to now13
- Board memberBradley M. Nelson Oct 31, 2025 to now29
- Board memberJennifer I. Ansberry Oct 31, 2025 to now30
- Board memberJoher Akolawala Oct 3, 2022 to now31
- Board memberLisa R. Bacus Oct 29, 2020 to now32
- Board memberMargaret S. Dano Jun 5, 2012 to now33
- Board memberKenneth W. Krueger Jul 7, 2011 to now34
- Board memberJack O. Peiffer May 4, 2010 to Mar 7, 201435
- Board memberJames L. Janik May 4, 2010 to now15
- Board memberJeffrey Serota May 4, 2010 to May 4, 201036
- Board memberMark Rosenbaum May 4, 2010 to May 4, 201037
- Board memberMichael Marino May 4, 2010 to May 4, 201038
- Board memberMichael W. Wickham May 4, 2010 to Mar 7, 201439
- Board memberNav Rahemtulla May 4, 2010 to May 4, 201040
- Board memberJames D. Staley Jul 29, 2010 to Feb 17, 202241
- Board memberJames L. Packard Jul 29, 2010 to Feb 20, 202042
- Board memberDonald W. Sturdivant Nov 4, 2010 to now43
Former names
- DOUGLAS DYNAMICS HOLDINGS INCApr 14, 2004 to Jul 14, 20043
Timeline
- Aug 3, 20268-K Results of operations44
- May 5, 20268-K Results of operations45
- May 1, 20268-K Bylaws or fiscal year changed; Shareholder vote46
- Feb 24, 20268-K Results of operations47
- Nov 4, 20258-K Results of operations48
- Oct 31, 20258-K Executive or director change49
- Aug 5, 20258-K Results of operations50
- May 6, 20258-K Results of operations51
- May 2, 20258-K Shareholder vote52
- Mar 28, 20258-K Entered a material agreement; New debt or obligation53
- Mar 4, 2025New chief executive Genderen Mark Van becomes CEO13
- Mar 3, 20258-K Executive or director change54
- Feb 25, 20258-K Results of operations55
- Feb 21, 2019New chief executive Robert L. McCormick becomes CEO14
- May 4, 2010New chief executive James L. Janik becomes CEO15
Calendar
Coming up
- Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.35 a share, on Nov 3, 2025.56
When it reported results
- Aug 3, 2026Reported quarterly or annual results44
- May 5, 2026Reported quarterly or annual results45
- Feb 24, 2026Reported quarterly or annual results47
- Nov 4, 2025Reported quarterly or annual results48
- Aug 5, 2025Reported quarterly or annual results50
- May 6, 2025Reported quarterly or annual results51
- Feb 25, 2025Reported quarterly or annual results55
- Oct 29, 2024Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
215 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 102 insider forms, 26 large holders, 23 other. The latest 20:
- Aug 3, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 31, 2026SCHEDULE 13G EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 1, 20264 EDGAR
- Jun 18, 202611-K EDGAR
- May 15, 2026SD EDGAR
- May 13, 20264 EDGAR
- May 5, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- May 1, 20268-K EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 30, 20264 EDGAR
- Apr 17, 2026SCHEDULE 13G/A EDGAR
- Apr 14, 2026SCHEDULE 13G/A EDGAR
The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
25 open-market trades by officers, directors and large owners since October 2021: 5 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 9, 2026 | Sisulak Jon JController | Sale | 977 | $42.61 | $41.6K | Form 4 |
| Mar 9, 2026 | Bernauer Christopher EPres. Work Truck Attachments | Sale | 869 | $42.61 | $37.0K | Form 4 |
| May 16, 2025 | Janik James LDirector | Sale | 15,650 | $29.01 | $454.0K | Form 4 |
| Mar 10, 2025 | Sisulak Jon JController | Sale | 837 | $25.81 | $21.6K | Form 4 |
| Nov 1, 2024 | Van Genderen MarkPresident & CEO | Buy | 5,000 | $22.96 | $114.8K | Form 4 |
| Mar 11, 2024 | McCormick Robert LPresident and CEO | Sale | 14,417 | $24.73 | $356.5K | Form 4 |
| Mar 11, 2024 | Sisulak Jon JController | Sale | 877 | $24.86 | $21.8K | Form 4 |
| Mar 11, 2024 | Lauber Sarah CEVP & CFO | Sale | 4,729 | $24.81 | $117.3K | Form 4 |
| Mar 11, 2024 | Van Genderen MarkPresident & CEO | Sale | 988 | $24.88 | $24.6K | Form 4 |
| Mar 11, 2024 | Evans Linda RCHRO | Sale | 1,527 | $24.88 | $38.0K | Form 4 |
| Sep 6, 2023 | McCormick Robert LPresident and CEO | Buy | 10,000 | $30.71 | $307.1K | Form 4 |
| May 10, 2023 | Janik James LDirector | Buy | 6,929 | $26.99 | $187.0K | Form 4 |
| May 9, 2023 | Janik James LDirector | Buy | 2,565 | $26.99 | $69.2K | Form 4 |
| May 8, 2023 | Janik James LDirector | Buy | 506 | $26.92 | $13.6K | Form 4 |
| Mar 6, 2023 | Lauber Sarah CEVP & CFO | Sale | 3,757 | $36.66 | $137.7K | Form 4 |
| Mar 6, 2023 | Van Genderen MarkPresident & CEO | Sale | 318 | $37.05 | $11.8K | Form 4 |
| Mar 6, 2023 | Evans Linda RCHRO | Sale | 1,040 | $36.94 | $38.4K | Form 4 |
| Mar 6, 2023 | Sisulak Jon JController | Sale | 324 | $37.05 | $12.0K | Form 4 |
| Mar 6, 2023 | McCormick Robert LPresident and CEO | Sale | 10,341 | $36.61 | $378.6K | Form 4 |
| Mar 7, 2022 | McCormick Robert LPresident and CEO | Sale | 10,260 | $35.91 | $368.4K | Form 4 |
All 25 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Allspring Global Investments Holdings, LLCSCHEDULE 13G/A, 6 filings Jan 19, 2022 to Jul 31, 202658
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202659
- PZENA INVESTMENT MANAGEMENT LLCSCHEDULE 13G/A, 4 filings Oct 16, 2024 to Apr 17, 202660
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 202661
- JPMorgan ChaseSC 13G/A, 4 filings Jan 10, 2022 to Oct 7, 202462
- BlackRockSC 13G/A, 3 filings Feb 3, 2022 to Jan 26, 202463
- Conestoga Capital Advisors, LLCSC 13G/A, 3 filings Jan 10, 2022 to Jan 5, 202464
- Wells FargoSC 13G/A, 1 filing Jan 26, 202265
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Mark Van Genderen | $651.4K | $3.0M66 | |
| 2025 | Sarah C. Lauber | $508.0K | $2.0M66 | |
| 2025 | Christopher E. BernauerPresident, Work Truck Attachments | $335.3K | $1.0M66 | |
| 2025 | James L. Janik | $180.8K | $295.4K66 | |
| 2024 | Executive Vice PresidentChief Financial Officer and Secretary | $472.9K | $2.5M66 | |
| 2024 | Executive Chairman and Interim President and CEO | $563.2K | $1.6M66 | |
| 2024 | President and Chief Executive Officer | $363.0K | $1.0M66 | |
| 2023 | Executive Vice PresidentChief Financial Officer and Secretary | $472.9K | $1.0M66 | |
| 2023 | President and Chief Executive Officer | $340.0K | $577.2K66 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How DOUGLAS DYNAMICS, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARDOUGLAS DYNAMICS, INC1
- CIK0001287213
- Employer ID (EIN)13-42758914
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3531 Construction Machinery & Equip1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address11270 W. Park Place Suite 300, Milwaukee, WI 532241
- Phone414-362-39401
- Shares outstanding23,077,046 as of Aug 3, 202611
- Public float$679.0M as of Jun 30, 20254
- AuditorDELOITTE & TOUCHE LLP, Milwaukee, Wisconsin PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceApr 14, 20041
- Filings842 in all: 4 (388), 8-K (143), SC 13G/A (70), 10-Q (50), 3 (30), SC 13G (20), 10-K (16), DEF 14A (16)1
All 34 form types
11-K (14), CORRESP (13), SD (13), S-1/A (9), ARS (8), UPLOAD (7), 4/A (6), SCHEDULE 13G/A (6), 424B4 (3), 5 (3), 8-K/A (3), EFFECT (3), S-8 (3), FWP (2), REGDEX (2), S-1 (2), S-3ASR (2), SCHEDULE 13G (2), 8-A12B (1), 8-A12B/A (1), CERTNYS (1), DEFA14A (1), DEFR14A (1), PRE 14A (1), S-3 (1), S-3/A (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 3, 2026
Proxy statement (DEF 14A) Mar 20, 2026
Latest 8-K (8-K) Aug 3, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $.01 per share | PLOW | New York Stock Exchange |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks DOUGLAS DYNAMICS, INC names in Item 1A of its 10-K filed Feb 24, 2026: 28 risks under these headings, as written.4
- Risks Related to Weather and Seasonality
- Our results of operations for our Work Truck Attachments segment and to a lesser extent our Work Truck Solutions segment depend primarily on the level, timing and location of snowfall. As a result, a decline in snowfall levels in multiple regions for an extended time, including as a result of climate change, could cause our results of operations to decline and adversely affect our ability to generate cash flow.
- The year‑to‑year variability of our Work Truck Attachments segment can cause our results of operations and financial condition to be materially different from year‑to‑year and the seasonality of our Work Truck Attachments segment can cause our results of operations and financial condition to be materially different from quarter‑to‑quarter.
- Risks Related to Economic Conditions
- If economic conditions in the United States deteriorate, or if spending by governmental agencies is limited or reduced, our results of operations, financial condition and ability to generate cash flow may be adversely affected.
- The price of steel, a commodity necessary to manufacture our products, is highly variable. If the price of steel increases, our gross margins could decline.
- If petroleum prices increase, then our results of operations could be adversely affected.
- Global climate change and related emphasis on ESG matters by various stakeholders could negatively affect our business.
- Risks Related to our Business and Operations
- We depend on outside suppliers and original equipment manufacturers who may be unable to meet our volume and quality requirements, and we may be unable to obtain alternative sources.
- Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
- We are heavily dependent on our senior management team and employees. If we are unable to retain, attract, and motivate qualified employees, it may adversely affect our business.
The other 19 risks
- Our failure to maintain good relationships with our customers and distributors, the loss or consolidation of our distributor base or the actions or inactions of our distributors could have an adverse effect on our results of operations and our ability to generate cash flow.
- Lack of available financing options for our end‑users or distributors may adversely affect our sales volumes.
- We do not sell our products under long‑term purchase contracts, and sales of our products are significantly impacted by factors outside of our control; therefore, our ability to estimate demand is limited.
- We face competition from other companies in our industry, and if we are unable to compete effectively with these companies, it could have an adverse effect on our sales and profitability. Price competition among our distributors and customers could negatively affect our market share.
- The statements regarding our industry, market positions and market share in this filing are based on our management’s estimates and assumptions. While we believe such statements are reasonable, such statements have not been independently verified.
- We are subject to product liability claims, product quality issues, and other litigation from time to time that could adversely affect our operating results or financial condition.
- We may use artificial intelligence in our business and operations, and challenges with effectively managing its use could harm our business and expose us to costly liability.
- We rely on our manufacturing facilities, so unexpected or sustained disruptions, including a significant loss of any facility, could negatively affect our production capabilities and operating results.
- The process of implementing an ERP system could adversely impact our ability to produce timely financial statements or our internal control over financial reporting.
- Risks Related to Execution of Strategy
- We may be unable to identify, complete or benefit from strategic transactions.
- If we are unable to enforce, maintain or continue to build our intellectual property portfolio, or if others invalidate our intellectual property rights, our competitive position may be harmed.
- If we are unable to develop new products or improve upon our existing products on a timely basis, it could have an adverse effect on our business and financial condition.
- Our ability to meet our financial projections and successfully execute key business initiatives is subject to a number of risks and uncertainties.
- Our dividend policy may limit our ability to pursue growth opportunities.
- Risks Related to Legal, Compliance and Regulatory Matters
- We are subject to complex laws and regulations, including environmental and safety regulations that can adversely affect the cost, manner or feasibility of doing business.
- Provisions of Delaware law and our charter documents could delay or prevent an acquisition of us, even if the acquisition would be beneficial to you.
- Risks Related to Capital Structure
- Our indebtedness could adversely affect our operations, including our ability to perform our obligations and generate cash flow.
- Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly and could impose adverse consequences.
- Our senior credit facilities impose restrictions on us, which may also prevent us from capitalizing on business opportunities and taking certain corporate actions. One of these facilities also includes minimum availability requirements, which if unsatisfied, could result in liquidity events that may jeopardize our business.
Legal proceedings
In the ordinary course of business, we are engaged in various litigation primarily including product liability and intellectual property disputes. However, management does not believe that any current litigation is material to our operations or financial position. In addition, we are not currently party to any climate change or environmental‑related claims or legal matters.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARJames L. Janik, Chair
- 17SEC EDGARGenderen Mark Van, President
- 18SEC EDGARJonathon P. Sievert, President
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- 25SEC EDGARJon J. Sisulak, Controller
- 26SEC EDGARAndrew Dejana, Officer
- 27SEC EDGARKeith Hagelin, VP, Operations
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- 29SEC EDGARBradley M. Nelson, Board member
- 30SEC EDGARJennifer I. Ansberry, Board member
- 31SEC EDGARJoher Akolawala, Board member
- 32SEC EDGARLisa R. Bacus, Board member
- 33SEC EDGARMargaret S. Dano, Board member
- 34SEC EDGARKenneth W. Krueger, Board member
- 35SEC EDGARJack O. Peiffer, Board member
- 36SEC EDGARJeffrey Serota, Board member
- 37SEC EDGARMark Rosenbaum, Board member
- 38SEC EDGARMichael Marino, Board member
- 39SEC EDGARMichael W. Wickham, Board member
- 40SEC EDGARNav Rahemtulla, Board member
- 41SEC EDGARJames D. Staley, Board member
- 42SEC EDGARJames L. Packard, Board member
- 43SEC EDGARDonald W. Sturdivant, Board member
- 44SEC EDGARResults of operations
- 45SEC EDGARResults of operations
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- 47SEC EDGARResults of operations
- 48SEC EDGARResults of operations
- 49SEC EDGARExecutive or director change
- 50SEC EDGARResults of operations
- 51SEC EDGARResults of operations
- 52SEC EDGARShareholder vote
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- 54SEC EDGARExecutive or director change
- 55SEC EDGARResults of operations
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