PLOW DOUGLAS DYNAMICS, INC
FY2025 10-K
DOUGLAS DYNAMICS, INC (PLOW) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: North America's premier manufacturer and upfitter of commercial work truck attachments, specializing in snow and ice control equipment and truck upfits
- • New emphasis: 2025 acquisition of Venco Venturo adding truck-mounted service cranes and dump hoists to the product portfolio
Management Discussion & Analysis
- • Revenue $656.1M in 2025, up 15.4% from $568.5M in 2024; Work Truck Attachments $295.7M (+15.5%), Work Truck Solutions $360.3M (+15.3%)
- • Gross margin 26.6% in 2025 vs 25.8% in 2024; Operating margin 11.2% vs 15.6% reflecting increased SG&A expenses
Risk Factors
- • Regulatory risk: potential impact from evolving U.S. and regional climate change regulations increasing compliance costs and capital expenditures
- • Macroeconomic risk: snowfall below 10-year average in snow seasons ended 2023 and 2024 reduced sales volume in core North American snow-belt markets
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