Doosan Bobcat

Doosan Bobcat announced on October 29 that it recorded revenue of USD 1.728 billion and operating profit of USD 119 million for the third quarter of 2026.

Revenue and operating profit increased 13% and 22% year over year, respectively, supported by sales growth across all regions and product segments. Operating margin improved by 0.5 percentage points year over year to 6.9%.

Cumulative operating profit for the first nine months of 2026 reached USD 455 million, representing 94% of the USD 482 million recorded for the full year of 2025.

Cash generated from operating activities, together with tariff refunds, increased net cash by approximately USD 100 million during the quarter to USD 453 million at quarter-end.

By product segment, revenue increased 15% year over year in Compact Equipment, 8% in Material Handling, and 5% in Portable Power. Compact Equipment led the growth as shipments of orders deferred from the previous quarter resumed and demand from national rental accounts strengthened. Material Handling benefited from higher sales in key markets, while Portable Power revenue grew on robust construction activity in North America.

By region, revenue increased 15% year over year in North America, 14% in ALAO (Asia, Latin America and Oceania), and 3% in EMEA (Europe, the Middle East and Africa). Growth in North America was driven by shipments of deferred Compact Equipment orders and higher Material Handling sales to large customers. ALAO benefited from strong sales in Latin America and improving demand for Material Handling equipment in India. In EMEA, sustained Compact Equipment demand and a recovery in Material Handling more than offset adverse foreign-exchange effects, resulting in modest revenue growth.

Doosan Bobcat’s Board of Directors approved a third-quarter dividend of KRW 400 per share. Under its corporate value enhancement plan, the company has established a minimum annual dividend of KRW 1,600 per share and distributes dividends quarterly. <End>