Doosan Bobcat announced on July 23 that it recorded provisional results of 2.4479 trillion won in sales and 291.7 billion won in operating profit for the second quarter of 2026.
Compared to the same period last year, sales increased by 11.2%, operating profit rose by 42.9%, and net profit grew by 63.9%. The company stated, "Sales increased due to price hikes despite some volume delays from system checks, and operating profit benefited from U.S. tariff refunds." They added, "Net profit was influenced by the rise in operating profit and a reduction in financial costs."
In U.S. dollar terms, sales grew by 4% year-on-year to $1.63 billion, while operating profit surged by 34% to $195 million.
By product category, sales in the compact equipment and industrial vehicle segments rose by 4% and 2%, respectively, while portable power sales returned to last year's levels. Doosan Mottrol, which produces hydraulic components, reported a 40% growth compared to the previous year.
Regionally, sales in North America increased by 3% year-on-year, driven by effective pricing strategies and higher forklift sales. Europe, the Middle East, and Africa saw a 10% growth due to recovering demand for compact equipment and favorable exchange rates. However, sales in Asia, Latin America, and Oceania fell by 8% due to weak forklift sales, despite strong performance in South America, Oceania, and India.
On the same day, Doosan Bobcat's board of directors decided to set the second-quarter dividend at 400 won per share. The company is implementing a plan to enhance corporate value, which includes a minimum annual dividend of 1,600 won and quarterly dividends.
Additionally, Doosan Bobcat announced last month that it signed a memorandum of understanding with AI solution company Maum AI to develop autonomous operation technology for construction equipment.
* This article has been translated by AI.
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