Doosan Bobcat

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

Doosan Bobcat Reports $6.2 Billion in Revenue for 2025

Doosan Bobcat announced on February 11th that its annual revenue for 2025 was USD 6.182 billion, with operating profit at USD 482 million and an operating margin of 7.8%. Compared to the previous year, revenue decreased by 1.4% and operating profit declined by 24.5%.
Performance varied across regions. North America saw a 3% decline in revenue due to weaker demand caused by uncertainties. Asia, Latin America, and Oceania (ALAO) recorded a 13% decline, driven by softer domestic demand, while Europe, Middle East, and Africa (EMEA) achieved a 1% increase supported by stable market conditions.
By product segment, sales of Compact Equipment and Material Handling decreased 2% and 9%, respectively, while Portable Power sales grew by 1%.
In the fourth quarter of 2025, revenue reached USD 1.64 billion, marking a 7.1% year-over-year increase. Quarterly operating profit was USD 102 million, down 20.5% compared to the same period last year.
Doosan Bobcat maintained a strong financial position, closing 2025 with net cash of USD 353 million and a debt ratio of 70.8%. The company maintained a net cash position for five consecutive quarters.
The board of directors approved a final dividend of KRW 500 per share, bringing the total annual dividend to KRW 1,700 per share and the shareholder return ratio to 40.4%. This represents a record high for dividend payments, fulfilling the company’s commitment to its corporate value enhancement plan, which guarantees a minimum dividend of KRW 1,600 and a shareholder return ratio of 40% of consolidated net income.
Looking ahead, Doosan Bobcat forecasts 2026 revenue at USD 6.45 billion, a 4.3% year-over-year increase, with operating profit expected to reach USD 482 million, remaining at the same level as the previous year. A company spokesperson stated, “While we anticipate a slight decline in demand across major markets, we aim to drive sales growth through expanding dealer inventory and increasing market share.”

2026-02-11

Doosan Bobcat Showcases ‘Smart Construction Jobsite’ with AI and Electrification Technologies at CES 2026

Doosan Bobcat showcased next-generation technologies for compact construction equipment at CES 2026 Media Day in Las Vegas on January 5.

On this day, Scott Park, Vice Chairman and CEO of Doosan Bobcat and Joel Honeyman, Vice President of Global Innovation, presented AI-enabled solutions designed to boost jobsite productivity. These technologies simplify equipment control, minimize downtime, and actively adapt to challenging site conditions.
Doosan Bobcat introduced “Bobcat Jobsite Companion,” the compact equipment industry’s first AI voice control system. Operators can issue voice commands to manage over 50 functions, such as attachment settings, engine speed, lights, and radio. Supported by Doosan Bobcat’s proprietary AI large language model, the system runs entirely, enabling real-time responsiveness without reliance on cloud connectivity.
Honeyman stated “Jobsite Companion lowers the barrier to entry for new operators while helping experienced professionals work faster and more precisely. It’s not just smarter technology; it’s a smarter experience that puts expert-level guidance directly in the cab.”
Doosan Bobcat also announced Service.AI, an AI-powered service and support platform designed to minimize equipment downtime by giving dealers and technicians instant access to Bobcat’s model-specific repair manuals, warranty information, diagnostics, and service histories. Through voice or text input, it guides users through efficient troubleshooting to minimize repair time and downtime.
Park noted, “For nearly 70 years, Bobcat has led the compact equipment industry by solving real problems for real people. By combining AI, autonomy, electrification and connectivity, Doosan Bobcat is creating technology that empowers people, simplifies work and sets a new jobsite standard for the industry.”

Doosan Bobcat also introduced:
▲ BSUP(Bobcat Standard Unit Pack): Modular, fast-charging battery packs compatible across equipment types and OEMs
▲ RogueX3 concept: Flexible design concept model offering options for cab or no cab, wheels or tracks, and diverse power sources—electric, diesel, hybrid, or hydrogen
▲ Radar-based collision warning and avoidance system that detects obstacles and actively slow or stop a machine
▲ Advanced Display Technology providing 360° visibility, alerts, and operational data through transparent and auto-tint touch screens
All of these technologies form an integrated ecosystem, several are advancing toward commercialization. Doosan Bobcat will showcase these innovations at the Doosan Group booth from the opening of CES 2026 on January 6.

2026-01-06