Doosan Bobcat

Doosan Bobcat Engages in Global Community Service Across 12 Countries

Doosan Bobcat is reinforcing its commitment to corporate social responsibility through community engagement across the globe.

Doosan Bobcat announced on the 26th that it is launching its global community engagement program, ‘Doosan Bobcat Community Days’. This year, more than 700 employees from 12 countries—including Korea, the United States, the Czech Republic, France, China, India, the UAE, and South Africa—are participating in activities aimed at enhancing local community welfare.

In Korea, more than 100 employees took part in a diverse range of volunteer efforts. On September 25, 50 employees from the Seongnam headquarters contributed to biodiversity preservation at Geumto Mountain through eco-exploration activities. At Incheon, where the forklift plant is located, 40 employees visited Boramae Children’s Center to assist with facility maintenance. Doosan Mottrol—which became part of Doosan Bobcat last year—dispatched 20 employees in Changwon to clean storm drains in Seongsan-gu.


Similar activities were carried out overseas at over 20 sites. Local employees engaged in initiatives such as pallet upcycling, removing invasive species, and protecting marine ecosystems. In certain regions, Doosan Bobcat’s equipment—including loaders and excavators—were utilized to boost the efficiency of volunteer activities such as stump and rock removal, playground and park trail construction, baseball field maintenance, and tree planting.
“Doosan Bobcat Community Days is a meaningful opportunity to strengthen our connection with the communities where we live and work.” said Scott Park, CEO and Vice Chairman of Doosan Bobcat. “Our employees will continue to build on these efforts, starting with small actions that will ultimately contribute to a more sustainable future,” added Park.

2025-09-26

Doosan Bobcat Opens ‘eFORCE LAB.’ Battery Pack R&D Center, Accelerating Modular Battery Pack Development

Doosan Bobcat announced on August 27 that it has officially launched eFORCE LAB., a dedicated battery pack research and development (R&D) center focused on advancing next-generation electrification technologies for construction and other compact equipment. This effort marks a significant step toward the development of standardized, modular battery packs.
Opened on August 26, the new center is located in Indeokwon, Anyang-si, Gyeonggi Province, South Korea. It will serve as a hub for testing and developing core battery pack technologies designed to meet the demands of electrified construction equipment.
The name eFORCE LAB. combines the “e” from electrification, energy and eco-friendly with "Force," symbolizing the center’s mission to pioneer cutting-edge energy technologies for electrified equipment.
The inauguration event was attended by key leadership, including Scott Park, CEO and Vice Chairman of Doosan Bobcat; Hyungwon (HW) Park, President of Doosan Bobcat ALAO; and other global company executives. Together, they unveiled the vision for establishing eFORCE LAB. as a global R&D hub for battery pack innovation.

Since laying the groundwork for its battery pack business in 2023, Doosan Bobcat successfully deployed its in-house developed LFP (Lithium Iron Phosphate) battery packs on Bobcat forklifts in late 2024. Over 100 units powered by these LFP battery packs have been shipped, marking initial success of the company’s commercialization efforts.
The first official research project at eFORCE LAB. is the development of the Bobcat Standard Unit Pack (BSUP), a modular, next-generation battery pack solution for construction and material handling equipment. Designed like building blocks, BSUP allows users to expand battery capacity by stacking modular units. This solution will debut in forklifts and later extend to compact loaders, excavators and other Doosan Bobcat products.

Scott Park emphasized, “Electrification is an inevitable future—it's a transformation already underway in the construction industry. With eFORCE LAB. as our global R&D hub, we’re engineering solutions optimized for the challenging environments construction equipment operates in, defining new standards in the industry.”
Doosan Bobcat has invested in a vertical integration strategy to enhance product quality and strengthen supply resilience. In October 2024, the company acquired Doosan Mottrol to internalize the production of hydraulic components, key drivetrain elements for diesel-powered equipment. With proprietary battery pack technology within its business operations, Doosan Bobcat is equipped to address both traditional internal combustion and electrification equipment.

2025-08-27

Doosan Bobcat Reports Q2 Operating Profit of $145 Million

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.

2025-07-25

Doosan Bobcat Earns First Domestic Credit Rating…’AA- Stable’ from Korea Ratings

Doosan Bobcat has been acknowledged for its business stability and excellent profitability in its first domestic credit rating evaluation.
Doosan Bobcat Inc. announced on June 5th that it received an AA- (Stable) Issuer Credit Rating for corporate credit from Korea Ratings. This is the first time Doosan Bobcat has earned a corporate credit in Korea.
Korea Ratings assigns an AA rating to companies with excellent credit status and very low risk of default. Doosan Bobcat was recognized for its top-tier global market position, high level of brand awareness, and stable profitability, earning an AA rating in its first assessment.
As of the end of last year, Doosan Bobcat recorded an EBITDA margin of 13% and a debt-to-equity ratio of 74%. As a leading brand in the North American compact equipment market, it has been operating a stable business with an average annual sales growth of 15% and operating profit growth of 18% over the past five years.
A Doosan Bobcat official stated, “Receiving an AA- (Stable) rating in our first domestic corporate credit evaluation has significantly strengthened our external credibility. With this foundation in place, we will further solidify our business competitiveness through balanced capital management despite market uncertainties by diversifying our funding options.”

2025-06-05

Doosan Bobcat Reports Q1 Operating Profit of $138M…Operating Profit Margin at 9.5%

Doosan Bobcat announced its first-quarter results on April 28. Due to the high base effect from the previous year and economic uncertainties, revenue was down 20% year-over-year, recording $ 1,444 million. The Operating profit decreased 44% year-over-year to $138 million with a 9.5% margin.
Sales fell by 6% compared to the previous quarter due to seasonal effects, but operating profit increased by 8% thanks to reduced logistics costs and price increases. Operating profit has improved for two consecutive quarters, rebounding from $92 million in Q3 last year.
Due to economic uncertainties and concerns over a potential recession, demand slowed, leading to a 20% drop in sales across products and regions compared to the previous year. (YoY Sales by product: Compact Equipment -22%, Material Handling -20%, Portable Power -22% / YoY Sales by region: North America -22%, Europe, Middle East and Africa -21%, Asia, Latin America, and Oceania -21%)
A Doosan Bobcat representative stated, "Although uncertainties related to reciprocal tariffs have increased, we anticipate advantages from having local production bases in the U.S. The high base effect from Q1 last year makes the year-on-year decrease appear larger, but the Q1 performance this year aligns with the company's target."
Earlier on the 24th, Doosan Bobcat announced that the Q1 dividend would be set at KRW 400 per share. Based on the corporate value enhancement plan established last year, Doosan Bobcat designated an annual minimum dividend of KRW 1,600 and announced a shareholder return ratio of 40% of consolidated net income. After the announcement, the company canceled treasury shares worth KRW 200 billion.

2025-04-28