Doosan Bobcat

Doosan Bobcat Reports Q3 Operating Profit of USD 119 Million, Up 22% Year over Year

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.

2026-10-29

Doosan Bobcat’s RogueX3 Wins Red Dot Award

Doosan Bobcat announced on October 19 that its RogueX3 concept loader won the Red Dot Award: Design Concept, one of the world's three major design awards. This is the RogueX platform's second win, following the RogueX2 in 2024.
The RogueX3 is a fully electric loader that produces no exhaust emissions during operation. Equipped with high-precision positioning/navigation sensors and cameras, it enables sophisticated autonomous operation as well as remote control. It is also the first RogueX platform model to feature a modular design, allowing the wheel type, operator cab, and power unit to be swapped to suit the work environment.
The RogueX3's body structure also sets it apart from conventional compact loaders. Typical compact loaders use a hydraulic system at the front to drive attachments, whereas the RogueX3 places an electric drive unit at the rear of the machine. This widens the forward field of view and simplifies the structure, reducing the required number of parts by more than half while improving energy efficiency and ease of maintenance. The battery is integrated with the machine's frame, lowering the center of gravity and enhancing stability.
The design was recognized for a machine architecture optimized for electric and autonomous operation, addressing labor shortages and growing demand for eco-friendly equipment on construction sites.
“This award once again recognizes RogueX's innovation in pushing the boundaries of conventional industrial design and serving diverse work environments with a single machine,” said a Doosan Bobcat representative. “We will continue to develop equipment that improves ease of operation in response to rapidly changing user needs.”
The RogueX3 is a concept model that was first unveiled at CES 2026, the world's largest consumer electronics and IT trade show. Doosan Bobcat plans to apply the technology and design insights gained through the RogueX series to future product development.


About Doosan Bobcat Inc. 
Doosan Bobcat Inc. represents the world-renowned Bobcat equipment brand — a leader in the engineering, innovation, manufacturing and marketing of compact construction, agriculture, landscaping and grounds maintenance equipment, forklifts and material handling equipment, generators, air compressors, light towers, light compaction equipment, and attachments.
With global headquarters in Bundang, South Korea, Doosan Bobcat also has regional headquarters in West Fargo, North Dakota, USA; and Dobris, Czech Republic. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.    
 
Doosan Bobcat is a company within Doosan Group. Doosan Group is a top-tier global enterprise proudly serving customers and communities for more than a century.

2026-10-19

Doosan Bobcat Reports Q2 Operating Profit of USD 195 million, Up 34% YoY on Tariff Refund Effect

Doosan Bobcat announced on July 23rd that it posted preliminary second-quarter 2026 results of USD 1.63 billion in revenue and USD 195 million in operating profit.
Revenue increased 4.1% year over year, driven by commercial actions, despite the deferral of some volume due to a technical system issue. Operating profit rose 34% over the same period, supported by the impact of tariff refunds, resulting in an operating profit margin of 11.9%. Net income increased 53.9%, reflecting higher operating profit and reduced financial expenses.
By product, revenue from Compact Equipment and Material Handling increased 4% and 2% year over year, respectively. Portable Power recorded significant growth from the previous quarter and recovered to the prior-year level. Doosan Mottrol, which manufactures hydraulic components, posted 40% year-over-year growth on increased sales to domestic and overseas customers.
By region, revenue increased 3% year over year in North America, driven by commercial actions and higher material handling sales. Revenue in Europe, the Middle East and Africa grew 10%, supported by recovering demand for compact equipment and favorable foreign exchange effects. In Asia, Latin America and Oceania, revenue declined 8%, as weak material handling sales offset solid sales in South America, Oceania and India.
On the same day, Doosan Bobcat’s board of directors approved a second-quarter dividend of KRW 400 per share. In line with its corporate value enhancement plan, Doosan Bobcat is implementing quarterly dividends with a minimum annual dividend of KRW 1,600 per share.

2026-07-23

Doosan Bobcat and MAUM.AI Sign MOU to Develop Autonomous Task Technology for Compact Equipment

Doosan Bobcat has entered into a memorandum of understanding (MOU) with MAUM.AI, an AI solutions company, to collaborate on the development of autonomous technologies for construction equipment. The agreement was signed June 2 at Bundang Doosan Tower in Seongnam, Gyeonggi Province, South Korea.
This collaboration supports Doosan Bobcat’s physical AI initiatives in the construction equipment sector. Doosan Bobcat will provide compact construction equipment products and data, while MAUM.AI will explore the application of AI-driven autonomous task capabilities based on Vision-Language-Action (VLA) models. The companies plan to jointly validate feasibility and advance proof-of-concept testing for autonomous task technologies.
“This collaboration is a significant step toward expanding the real-world use of autonomous task technologies in construction equipment,” said Charlie (Hyunchul) Park, Executive Vice President and Chief Strategy Officer (CSO) of Doosan Bobcat. “We remain focused on advancing innovations that enhance customer productivity and operational efficiency, while leading the construction industry’s next phase of growth.”
Hongseop Choi, Chief Executive Officer of MAUM.AI, said, “The range of tasks that AI can understand and perform in the construction equipment industry is expected to expand rapidly in the years ahead. Through VLA-based physical AI technologies, MAUM.AI will help elevate the level of autonomy in industrial equipment and remain focused on delivering AI solutions that can be applied in real-world jobsites.”
Through collaborations and investments with global companies, Doosan Bobcat has continued to build the core technologies and data needed to advance autonomous work and unmanned solutions, including radar, equipment automation, perception and decision-making. Notable partnerships include U.S.-based companies such as Ainstein, a radar specialty company; Greenzie, a commercial lawn mower autonomous software company; Agtonomy, an agtech software company; and Civ Robotics, an autonomous surveying vehicle company.
At CES 2026, Doosan Bobcat also unveiled “Jobsite Companion,” an AI-enabled, voice-activated technology capable of controlling more than 50 functions. Doosan Bobcat plans to launch new compact loaders in the U.S. this summer, with the technology available as an option.
Together, Doosan Bobcat and MAUM.AI aim to bring autonomous technologies closer to real-world construction environments, delivering innovative solutions that improve productivity, efficiency and precision.


About Doosan Bobcat Inc. 
Doosan Bobcat Inc. represents the world-renowned Bobcat equipment brand — a leader in the engineering, innovation, manufacturing and marketing of compact construction, agriculture, landscaping and grounds maintenance equipment, forklifts and material handling equipment, generators, air compressors, light towers, light compaction equipment, and attachments.
With global headquarters in Bundang, South Korea, Doosan Bobcat also has regional headquarters in West Fargo, North Dakota, USA; and Dobris, Czech Republic. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.    
 
Doosan Bobcat is a company within Doosan Group. Doosan Group is a top-tier global enterprise proudly serving customers and communities for more than a century.
About MAUM.AI Inc.
MAUM.AI is driven by the vision of "building the brain of robots".
MAUM.AI develops Physical AI that integrates language, speech, vision, and motion control technologies.
Powered by proprietary foundation models and VLA-based technologies, MAUM.AI delivers autonomous robots that combine navigation and manipulation to solve real-world challenges across manufacturing, logistics, and beyond.

2026-06-02

Doosan Bobcat Reports Q1 Operating Profit of USD 141 million

Doosan Bobcat announced its first-quarter 2026 financial results on April 28, reporting continued growth across its major business segments. Revenue increased 6.2% year-over-year to USD 1.534 billion, while operating profit rose 2.6% to USD 141 million. Operating margin came in at 9.2%, and net profit increased 15.0% year-over-year to USD 90 million, supported by reduced financial expenses.
Revenue improved across all regions year-over-year. Europe, Middle East, and Africa (EMEA) led the way with 18% growth, driven by a recovery in demand for compact equipment. North America posted 3% growth, reflecting a rebound in forklift sales, while Asia, Latin America, and Oceania (ALAO) increased 4% on stronger compact equipment sales in Latin America, China, and India.
By product category, compact equipment revenue rose 7% year-over-year, supported by strong performance in EMEA. Material handling grew by 4% due to increased sales in North America. Portable power declined by 18%, primarily due to shipment delays to key customers, but is expected to recover later this year.
Entering the second year of its corporate value enhancement plan, Doosan Bobcat will continue its policy of maintaining a minimum annual dividend of KRW 1,600 and distributing dividends quarterly. In line with this plan, the board of directors approved a first-quarter dividend of KRW 400 per share the same day.

2026-04-28