Doosan Bobcat

Doosan Bobcat announced on July 25th that its operating profit for the second quarter fell 16.3% year-over-year to $145 million. Revenue totaled $1.567 billion, marking a 3.8% decrease compared to the same period last year.

Doosan Bobcat identified inventory adjustments in advanced markets as the main reason for the decline in performance. The company explained that, while market demand remained similar to the previous year, it proactively reduced field inventory in preparation for uncertainties, such as tariffs.

However, compared to the previous quarter, revenue increased by 8.5%, and operating profit rose by 5.6%. Notably, operating profit has rebounded for three consecutive quarters since hitting a low in Q3 last year.

Breaking down sales by product category, the company reported decreases of 6% in Compact Equipment and 9% in Material Handling year-over-year. Conversely, Portable Power posted 4% growth, supported by increased sales of mobile generators. By region, revenue dropped by 5% in North America, 6% in Europe, the Middle East, and Africa (EMEA), and 10% in Asia, Latin America and Oceania (ALAO).

Doosan Bobcat maintained a solid financial position. Despite cash outflows of $184 million due to dividend payouts and share buybacks and cancellations, net cash rose by $82 million from the end of last year, reaching $115 million.

Additionally, Doosan Bobcat announced its Q2 dividend at 400 KRW per share. Starting this year, the company has transitioned from a semiannual dividend schedule to quarterly payouts, aiming to enhance investment stability.